Report: Yankees scrapping austerity budget 16

HANK STEINBRENNER MAKES IT RAINA month ago I discussed the possibility that the Yankees would abandon the austerity budget plan and continue to spend more than $189 million in 2014. Turns out the Yankees are in fact no longer serious about that goal.

Per Jeff Passan of Yahoo! Sports, no one within the organization ever really felt this was possible. The money they stood to save by getting under $189 is no longer significant enough to justify a $3 billion organization sending out a cheaper team. A few million dollars wasn’t going to stop them.

I am again relieved by this fact. Truthfully I am surprised that the Yankees are as good as they are this season. I am now more reassured than ever, however, that the Yankees are going to be good in 2014 as well. Steinbrenner is going to be willing to spend however much it takes to make this franchise a winner.

Here’s a quote from Passan’s piece I really agree with:

“The logic holds up well: The Yankees are arguably the greatest brand in American sports, and already with an injury-depleted roster this season, they could suffer a down year. To dilute the Yankee name for multiple years would necessitate a humongous monetary benefit – one sources say the Yankees no longer believe is coming to them, even if they were to dip beneath $189 million.”

While I would like the Yankees to hold onto prospects and give them a shot to play, I also believe they can do that without going into the traditional rebuilding model. By that, I mean they can compete year in and year out while allowing their prospects to step in and make a contribution.

Many will say that spending in and of itself will not lead to success. That, of course, is true. Smart spending will definitely lead to success though. Others will say that the Yankees will never win until they fully commit themselves to rebuilding, give a team full of prospects a chance and see what sticks. Then spend to fill the gaps. That is a good formula for success, however there would be a few years of irrelevancy for the Yankees. To me, that would be unnecessary.

At this point, Yankees fans should rest easy on the notion that Steinbrenner will continue to spend and the Yankees will most likely continue to win. The countless one year contracts of washed up veterans will soon be a thing of the past because Steinbrenner and Cashman and company will now be able to sign some guys to longer term contracts.

The sleeping giant will be awakened this winter.

16 thoughts on “Report: Yankees scrapping austerity budget

  • Fred

    I'm sorry Greg, but I'm gonna have to disagree with the general positive vibe of this article.

    To come this far, and do what the Yankees have done in the name of "austerity", only to drop it ONE YEAR before their stated goal, is completely f—ing ridiculous. Think of the good players that the Yankees let walk, supposedly in the name of "austerity." Even if you're among those who believe Swisher would never hit in the postseason, after what he did for the organization he at least deserved an OFFER to stay in pinstripes. At least try to lowball him for crying out loud. We're sitting here playing Jayson Nix EVERY. SINGLE. GAME. when we let Eric Chavez go over 3 million piddly dollars. We're playing with a glorified AAA catching tandem (I'm so sorry Frankie), when the PITTSBURGH. PIRATES. took our former All star, Gold Glove starting catcher. Behind CC Sabathia, we have exactly two playoff acceptable starting pitchers, and both are 39+ on a one year deal.

    No, I cannot celebrate the death of "austerity." The very word and the New York Yankees are antonyms. Instead, I have to think of what should have been. This season, last season, and going forward.

  • Rob Abruzzese

    I do disagree with Greg here. Nothing that suggests the Yankees have abandoned the budget, in Passans article or Wally's article in the past, none of that came from the Yankees and certainly not Hal Steinbrenner or Brian Cashman. It's pure speculation. Just like there was lots of speculation that the Yankees would abandon their budget to sign Carl Crawford or Josh Hamilton. I think people just refuse to accept that Hal and George Steinbrenner are not the same person.

    That being said, it is possible that they could still abandon the budget. Hal has been consistent during interviews in leaving himself a little wiggle room. So it's possible. With no evidence that they've actually abandoned the budget, Cano still isn't re-signed, I'll believe it when I see it.

  • Rob Abruzzese

    The problem is that Passan's sources were not within the Yankees organization. Instead it's a "source familiar with their plans". That's very ambiguous, but if it were a person within the organization he would have said so. Wally's source was even further removed.

    I'm not saying they're wrong. I'm just very skeptical. A lot of fans are very upset at Hal and from all media accounts he's not happy with that. If he was willing to lift the budget, why not come out and say so? Or don't say it, show it by extending Cano. It would probably help them fill some more seats. So basically, I'll believe it when I see it.

    By the way, I find it interesting that none of this has come from Joel Sherman, who initially broke the story that there would be a budget in the first place and always has scoops when it comes to FO stuff like this. Instead, Sherman has written nothing at all about them abandoning the budget. If he said it, then I'd believe it.

  • Tanned Tom

    The 2014 FA crop is mighty thin. so where will they spend this money? Re-signing Swisher at the deal he got would have been iffy. re-signing Granderson would be a mistake. Bust the cap to re-sign Hughes, uh no thanks. Keeping Kuroda and Pettitte, okay. Keeping Hafner and maybe Youkilis, okay. But where else? I'm glad they didn't sign Pujols (too old), Hamilton (too much of a hacker), or Greinke (passive-aggressive twerp). We live in a different era, where many elite players pass up free agency to sign extensions.

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