The Yankees are cheap…seriously

January 11, 2012 | 209 comments | in Featured | by Vizzini

We’ve all heard the MSM Newspeak before:

- The Steinbrenners will do whatever it takes to win.
- They will spend however much money is required to sign elite players.
- The owners will give Yankee fans the best possible team they can every year.
- Look at how much more money they spend on player salaries than everybody else!

It seems both journalists and fans have ceded to some serious groupthink, as they accepted this received wisdom even after watching the Yankees come up short on Cliff Lee. They accepted it even as the Yankees went into the 2011 season with a rotation that included Freddy Garcia, AJ Burnett, Ivan Nova, and a dead-armed Phil Hughes. And they’re accepting it again, as the rotation is laughable for a team with the Yankees’ resources.

Maybe it’s just us, but we find it amazing that deep into the offseason, the Yankees have added ZERO new players to their roster. ZERO.

Outside of Jesus Montero, this is a team with zero batters who are on the upward sloping part of the age curve and exactly one starting pitcher who can be counted on for an above-average performance. What in the world is going on here? How can a team with the Yankees’ resources have such blatant holes in their roster?

Well, we know what’s going on. We can see through the BS. You might not like what we have to say, but it’s the truth. Click some other website if you wish to remain one of the sheeple.

The bottom line is this — Yankee ownership is cheap. The Steinbrenners are extremely greedy. They pocket a higher percentage of the fans’ hard-earned money than most other owners in MLB.

Far from spending whatever it takes to field the best possible team, Yankee ownership is simply spending enough to field a team that is sufficient to keep their gargantuan revenue stream flowing in. Ownership knows that they only need to set a payroll budget that enables the Yankees to annually compete for a playoff spot, even though they could easily afford to make the club overwhelming favorites to win the World Series. They also know that this will keep millions of Yankee fans passing through the gates to buy hot dogs and beer (and now sushi and steak!), in spite of having to pay the highest ticket prices in all of baseball.

“How can this be?” you ask. “ESPN tells me that the Yankees have a bigger payroll than every other team.”

This is a true fact, but it’s not very meaningful until you put it in the context of team revenue. Imagine you have two uncles who give you a Channukah present. Uncle Shlomo, a small town public defender, knows you love books, so he uses a good part of his discretionary budget to buy you a $150 gift certificate to Amazon. Next, Uncle Randy tosses you his gift, a new cellphone: not the latest Android, but a pretty nifty, brand name 3G thing that set him back about $230. Flashing a wide grin, Uncle Randy says, “See how much more I love you than the rest of your family does?”

This is essentially the situation Yankee fans are in. Yes, ownership does spend more money than everyone else, and they do put out a team that makes the playoffs almost every year. That’s a luxury of which most MLB fans are jealous. However, the Yankees are in a position to do quite a bit more for their fans. According to Forbes, the Yankees spent $236 million on players in 2010 (including salaries, benefits, and bonuses). Compare that to the team that beat the Yankees in the ALDS — the Tigers spent $150 million on player expenses in 2010. The Yankees spent 57% more than the Tigers.

Now, let’s take a look at how much their respective fans are paying the clubs. After revenue sharing, the Yankees generated $427 million in stadium revenues for 2010. Detroit took in $192 million. The Yankees made 122% more than the Tigers just at the stadium. However, the Tigers reinvested 78% of the fans’ money directly back onto the field in the form of player salaries. The Yankees only put 55% of the fans’ money back into the team.

On this alone, Yankee fans should feel a bit slighted.

The situation is even more pathetic than the Forbes revenue numbers let on. That data only includes stadium receipts. Read a little more closely and Forbes shares this nugget:

The YES Network, the team’s 34%-owned regional sports channel, is the most profitable RSN in the country and had over $400 million in revenue last year. The Yankees own a stake in Legends Hospitality Management, which manages stadiums, and generates $25 million in operating income.

That gives the Yankees an extra $160 million to work with.

If we were to just ask the Yankees to match the Tigers’ commitment to winning and put 78% of their revenues into player salaries, the Yankees would have a payroll budget of about $460 million. We have to account for the luxury tax, which is currently 42.5% of every dollar spent over $178 million. In 2013, that will rise to 50%, so let’s use that figure. Under the 2013 luxury tax regime, the Yankees could comfortably afford to spend about $350 million on players and still net a profit margin that is the same as the Tigers in terms of rate, and much bigger in absolute terms.

Making proper use of the fans’ hard-earned money over the last two years, the Yankees could have signed Cliff Lee, CJ Wilson, and their choice of EJax, Kuroda, or Buehrle to fill in the rotation behind Sabathia. They could have inked Jose Reyes as the long-term replacement for Jeter instead of Eduardo Nunez. They probably could have even signed Albert Pujols. None of these signings would have guaranteed them a championship. However, they wouldn’t be in a pack of other teams with less odds to win the World Series than the front-running Philadelphia Phillies.

Should Yankee fans really demand that the Yankees match the Tigers in terms of budget to revenue ratio? That’s for you decide on your own. However, the Yankees used political back-channels to extract hundreds of millions of dollars from citizens to help finance their own personal stadium — a stadium which they then used to generate colossal revenues by gouging fans.

When the Yankees claim that they cannot make any significant additions to the team due to self-imposed budget limits, they are just trying to make fools out of fans.



Jorge Posada: Through the years

January 8, 2012 | 62 comments | in Featured | by SJK

For full size image, click here.

A NoMaasian look back at Jorge Posada

January 7, 2012 | 41 comments | in Quick Analytical Blurbs | by SJK

A selection of Jorge Posada images from the NoMaas archives…










From the weirdos who visit NoMaas, v3 (w/ possibly the greatest video of all-time)

January 4, 2012 | 48 comments | in Quick Analytical Blurbs | by SJK

A few weeks ago, we encouraged our readers to email us whatever they wanted and we’d post our favorites. Enjoy the third edition of “From the Weirdos Who Visit NoMaas.”

From Alfredo Griffin:

Possibly the greatest thing we’ve ever seen.




From Tight Sweatpants:

Back when they both played shortstop and actually liked each other.




From Brent:

How could we forget The Anthem!



To take your shot at internet immortality, email us at admin@nomaas.org or use our contact form.

Rodriguez partied in Germany after plasma treatment

January 3, 2012 | 22 comments | in Quick Analytical Blurbs | by Louis Winthorpe III

By now, we’ve all heard about Arod’s Kobe Bryant-inspired plasma-injection treatment in Germany.

However, what we didn’t know until now, is that Alex partied hard in the Deutschland after the medical procedure.



VOTE: What will the new year bring?

January 2, 2012 | 59 comments | in Featured | by SJK

With primary season upon us, the staff at NoMaas thought it would only be appropriate to call for a vote of our own.




You’re not supposed to kick a man when he’s down, but…

January 2, 2012 | 21 comments | in Quick Analytical Blurbs | by SJK

Back in mid-November, we posted a rebuttal to a Fangraphs article in which Dave Cameron states the Yankees are not subject to financial opportunity cost.

Using this offseason to-date as evidence, we were right and Cameron was wrong. And while we don’t want to kick a sabermetric pioneer when he’s down, we felt the need to highlight this:

Buster Olney, Jan 2:

NYY like Edwin Jackson, but signing of Rafael Soriano last winter has taken up 8-figure part of their budget. Unless budget grows, no room.


Jeter preps Manhattan apartment for New Year’s party

December 31, 2011 | 38 comments | in Featured | by SJK



Current Yankee rumors

December 30, 2011 | 37 comments | in Quick Analytical Blurbs | by Vizzini



Bombers go fishing

December 29, 2011 | 37 comments | in Featured | by Vizzini

MLB.COM:

The Yankees will offer Hideki Okajima a chance to help fill out their bullpen, agreeing to terms with the former Red Sox left-hander on a Minor League contract with an invitation to Spring Training.

Okajima, 36, was an effective force for Boston in his first few seasons after coming to the Majors, but fell out of favor with the Red Sox and spent most of this season at Triple-A Pawtucket.

We’re just kind of casting a wide net to see if we can nail something in the spring,” Cashman said. “Some years you have better success at that than others.”



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