But they won’t spend it all. Expect them to put at least $10 million aside so that they can add players at the trade deadline if they need to. So that realistically leaves them with about $12 million, per River Ave Blues.
Alright, so when we add all that together, the guaranteed contracts plus arbitration and pre-arbitration players plus the dead money plus the miscellaneous expenses (benefits, other 40-man guys, etc.) we get approximately $175M ($174.2421M to be exact). The luxury tax threshold is $197M next year, so the Yankees are left with $22M or so to play with. They reportedly want to set aside $10M for midseason additions, which leaves about $12M for upgrades before Opening Day. (They also have roughly $3M in potential bonuses to Stanton, Sabathia, and Robertson to plan for.)
Because of those bonuses, they might even want to set aside $13 million which would give them only $9 million left to spend. That’s probably why they haven’t had serious talks with free agent Todd Frazier, and why there has been speculation that the Yankees could decide to trade Jacoby Ellsbury ($22M AAV), David Robertson ($13M AAV), or Brett Gardner ($13M AAV) to gain more financial flexibility.
At this point it seems like the only significant move the Yankees will make between here and the start of the year is to trade for an arbitration eligible infielder or pitcher, someone who will cost less than $9 million a year.