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Jeter deal leaves Yanks about $80M before tax (Yahoo Sports)

jeter,leaves,yanks,about,before,yahoo,sports

NEW YORK (AP) – Derek Jeter’s new contract has increased the Yankees’ luxury tax payroll to $97.71 million for seven signed players next year. That leaves New York with about $80 million to spend on the rest of its roster if the team wants to get under the 2014 tax threshold.

Jeter and New York agreed Friday to a $12 million, one-year contract. Major League Baseball determined its value for purposes of the luxury tax is $12.81 million.

The Yankees’ captain, injured for most of this year, was playing under a three-year contract with a player option for 2014 that wound up being worth $9.5 million and was replaced by the new salary.

Baseball’s luxury tax uses the average annual values of contracts as defined by the sport’s collective bargaining agreement. Determining Jeter’s payroll figure for the tax is complicated by the option and the new salary, and New York may contest his 2014 evaluation.

The Yankees want to re-sign free agents Robinson Cano, Curtis Granderson and Hiroki Kuroda, and need to fill roster holes after missing the playoffs for just the second time in 19 years. The team figures to be interested in free-agent pitchers and catcher Brian McCann.

Managing general partner Hal Steinbrenner has said getting under the $189 million tax threshold for 2014 is a hope but is not essential.

”It’s a goal that we have if it’s possible,” general manager Brian Cashman said last month. ”There’s a lot of benefits to staying under that, but it’s not a mandate if it’s at the expense of a championship run. It just depends on what the opportunities are before us, and the costs associated with it.”

New York’s other signed players are Alex Rodriguez ($27.5 million), CC Sabathia ($24.4 million), Mark Teixeira ($22.5 million), Ichiro Suzuki ($6.5 million), Alfonso Soriano ($4 million) and Vernon Wells ($0).

The impacts of Soriano and Wells on New York’s luxury tax payroll were reduced because of cash being paid by their former clubs attributable to 2014. The Yankees will receive $18.6 million from the Los Angeles Angels as part of the acquisition of Wells last March and $13 million from the Chicago Cubs as a result of July’s deal for Soriano.

Rodriguez’s payroll impact for 2014 would drop to $2.5 million if arbitrator Fredric Horowitz upholds a 211-game suspension imposed on the third baseman by MLB for alleged violations of the sport’s drug agreement and labor contract. Rodriguez, who is contesting the discipline, has a $25 million salary for next year, and the Yankees would not have to pay him for any period he is suspended.

Payrolls for the luxury tax include the entire 40-man roster and a 1-30th portion of the cost of benefits and extended benefits for all major leaguers. That category totals items such as health insurance premiums, pension payments, club medical costs and payroll, unemployment and Social Security taxes.

The 2013 figure will not be completed until next month. For 2012, each team’s payroll was assessed $10,779,500.

New York has paid luxury tax for every season since the provision was put in place for 2003, a total of $224.56 million. The Yankees will pay again for 2013, when the threshold was $178 million.

But there are large benefits if the Yankees get under the threshold in 2014. The team’s tax rate would drop from its current 50 percent to 17.5 percent in 2015, and New York would be eligible to get back a portion of its revenue-sharing payments.

Read The Original Article

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Yankees miss playoffs for 2nd time in 19 years

THE BIG APPLE – The New York Yankees did not make the playoffs for under the second time in 19 years, getting mathematically eradicated Wednesday evening earlier than an 8-three loss to the Tampa Bay Rays.

Hobbled by age and harm, the Yankees (eighty two-seventy six) have been trailing 7-3 in the eighth inning once they had been knocked out as the Cleveland Indians accomplished a 7-2 win over the Chicago White Sox. There was no response from the Yankee Stadium crowd when the Indians end result was posted on the scoreboard.

Brendan Ryan, Robinson Cano, Mark ReynoldsAP Photo/Kathy WillensA long evening capped a long season for Robinson Cano and the Yankees, who had been formally eliminated from playoff competition with Cleveland’s win against the White Sox.

Regardless of baseball’s highest opening-day payroll at $230 million, the Yankees failed to assert one of the 10 playoff berths.

Since beginning the latest run of success in 1995, New York had missed the playoffs solely in 2008 – when the group bid goodbye to previous Yankee Stadium. This time, the Yankees are saying goodbye to Mariano Rivera and Andy Pettitte, who are retiring when the season ends Sunday.

“We did not get to the place we wanted to get,” manager Joe Girardi said after it was finished.

“It is extremely disappointing, and again to the drafting board. It hurts.”

Since starting the latest run of success in 1995, New York had missed the playoffs solely in 2008 – when the group bid goodbye to old Yankee Stadium.

Earlier than a quiet crowd of 37,260, the Yankees lost for the eighth time in 11 games and were eradicated from contention for a playoff berth on their very own subject for the first time since 1991.

Fans figure to be more exuberant throughout Thursday evening’s house finale, when Rivera will make his last Yankee Stadium appearance.

“I’ll be there for the fans. They deserve it,” the 43-year-outdated said. “But it do not imply anything. I am not used to pitching for something that doesn’t mean anything. I needed to pitch for one thing that means something.

“It’s disappointing. Can’t do anything about it now. It’s carried out. It is disappointing. We fought onerous the entire yr and we fell brief.”

Phil Hughes (four-14) allowed three runs and 7 hits in two innings-plus Wednesday night, strolling slowly to the dugout and searching up to the stands when he was removed from what doubtless was his final begin with the Yankees.

“Just a robust approach to end issues right here – not making the postseason,” Hughes mentioned.

A key part of the Yankees’ 2009 title group as a reliever, Hughes went 0-7 with a 6.09 ERA in thirteen begins since beating Minnesota on July 2. He is eligible without spending a dime company after the World Collection.

“Plenty of good times. Lots of dangerous times, I guess,” he said. “That is the best way life is sometimes.”

Joba Chamberlain, additionally eligible free of charge company, didn’t even await mathematical elimination to organize for his departure. Before batting practice, he began placing his locker belongings into a large box.

New York started the season 30-18 and was in first place on the morning of Could 26, but the solid begin was not sufficient to beat accidents to four All-Star regulars: shortstop Derek Jeter, third baseman Alex Rodriguez, first baseman Mark Teixeira and center fielder Curtis Granderson.

Hobbled by the ankle he broke in final yr’s AL Championship Series opener, Jeter did not make his season debut till proper earlier than the All-Star break and wound up playing simply 17 video games due to recurring leg injuries.

Teixeira, who injured a hand while with the U.S. workforce at World Baseball Basic, performed in just 15 games and wanted season-ending surgery. Rodriguez, getting back from hip surgery, and Granderson, who broke a forearm and pinkie when hit by pitches, every played about one-third of the season.

In all, the Yankees had a major league-main 28 stints on the disabled checklist by 21 completely different players, in response to STATS, and have missed 1,461 days – more than 4 years’ value.

New York’s house runs dropped from a staff-report 245 final 12 months to 143 this season – on tempo to be the Yankees’ fewest in a non-strike season since 1989. The departure of free brokers Raul Ibanez, Nick Swisher, Russell Martin and Eric Chavez contributed to the ability outage.

“It is a really sad feeling,” said Robinson Cano, the All-Star second baseman who figures to secure a 9-determine contract this offseason. “The fun part of this recreation is playoffs. I am really sad right now, and it is going to stick in my head, in my thoughts, until next season.”

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How the Yankees set nearly $100 million on fire with injured players and the luxury tax

(BLS Illustration)

If you drive a Ferrari, then spending $seventy five if you fill up on the gasoline station isn’t as eye-popping as it to an everyday person. It’s a part of the show. And once you’re the

New York Yankees

, the most invaluable sports activities franchise in America, having a season where you are charged a $29 million luxurious tax comes with the very, very excessive-priced turf.

The $29 million figure, greater than the Houston Astros’ whole payroll, is being reported by Bob Nightengale of USA Today and it represents a 50 p.c tax for the Yanks being over the $178 million payroll threshold. The Yankees payroll this season is $236.2 million, so that they’re paying 50 p.c of the difference. Wow. Even in the event you’re a Ferrari proprietor, that is a lot of money.

But for these 2013 Yankees, with their getting old stars and a number of disabled-listing journeys, that is just the start of the cash that’s being wasted. Take into account that they are paying Alex Rodriguez $28 million and he’s played in 31 video games (and counting). Mark Teixeira, along with his $22.5 million contract, played in 15 games before his season ended with injury.

The Yankees got 28 video games out of Kevin Youkilis, who signed a $13 million contract within the offseason. Outfielder Curtis Granderson has played in 44 video games of a season in which he’s getting paid $15 million. Then there’s The Captain, Derek Jeter. He is played in 17 video games. His salary is $thirteen million. And as of Wednesday, he’s achieved for the season.

 

 

So how much money have the Yankees misplaced to injury this season? Right now, that determine is at $75.four million. Add the luxurious tax invoice and it totals $104.5 million

There’s another $four.5 million still on the table with 17 video games left for A-Rod and Granderson. Will each of them play every recreation? With A-Rod a bit beat up recently, the Yankees will, most likely, eat slightly bit more cash.

But before anyone tsk-tsk’s the Yankees an excessive amount of, we have now to note some of this will be coming back to them by way of insurance insurance policies. It’s been reported that insurance coverage will cover nearly $19 million of Teixeira’s wage. His case is somewhat totally different because he was injured in preparation for the World Baseball Traditional, and a particular MLB insurance coverage policy will cowl $7 million.

We know the Yankees have insurance coverage policies on A-Rod, though since he made it again from harm this year, we do not know what’s lined exactly. And if the Yankees took out policies out for A-Rod and Teixeira, it is a pretty good wager that they insured the rest of their massive contracts, Jeter and Youkilis particularly.

So we won’t say exactly how a lot money the Yankees are just throwing right into a bonfire this season, however two things we all know for certain: It’s a complete heck of much more than you and I have within the bank. And it will probably purchase Ferraris in your entire household.

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Derek Jeter’s back (again) and the Yankees are almost the Yankees

(Getty Photographs)

Derek Jeter, the hobbled Captain of the New York Yankees, makes his return to the lineup on Monday. Again. For the third time. It is solely Jeter’s sixth sport this season, between these three disabled listing trips

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And while you may make all the “how long earlier than he gets damage once more?” jokes you want, probably the most attention-grabbing part of Jeter’s return is that we’re the closest we’ve been all year to seeing the 2013 Yankees as they were supposed.

Jeter’s hitting second and enjoying shortstop, whereas A-Rod is sharing that half of the diamond with him, enjoying third and hitting sixth. Curtis Granderson is in the lineup too, as is Robinson Cano. All that is lacking, really, is first baseman Mark Teixeira, who is out for the 12 months with injury. Recent acquisition Alfonso Soriano plays the a part of new-man-we’re-pretty-acquainted-with, which was the injured Kevin Youkilis’ role earlier within the yr.

In the case of A-Rod and Jeter, it will be their first time playing together for the reason that 2012 postseason, which was not a fun time for either gent. That’s when Jeter broke the ankle that started him on the frequent-disabled-checklist program. A-Rod, in the meantime, was benched for his lackluster performance.

Will their luck be any different this time around? Nicely, it may well’t get much worse. Unless Jeter breaks one other ankle and Bud Selig marches onto the sphere and drags A-Rod away by his ear.

The Yankees, for as damage-jinxed and drama-filled as they’ve been this season, are still legit wild card contenders. They’re solely three-and-a-half video games behind the Oakland Athletics for a playoff spot.

Could having (most of) their nucleus again give the Yankees the push they need? Solely time will inform, however a very good begin could be having Jeter within the lineup for every week straight.

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Almost official: Alfonso Soriano traded back to the New York Yankees

(Getty Pictures) We’ve identified it was coming for a couple of days, however now the commerce is closer than ever: Alfonso Soriano is an official announcement away from re-joining the New York Yankees, the group with whom he started his profession.

Soriano, 37, was pulled out of the Chicago Cubs lineup before Thursday’s recreation, signaling that a deal was nearly finished. Cubs beat writers — including Gordon Wittenmyer of the Chicago Solar-Times and Carrie Muskat of MLB.com — are saying Soriano later boarded a New York-bound pink-eye flight from Arizona, the place the Cubs were enjoying the Diamondbacks.

Now we’re simply lacking just a few particulars: Specifically who the Yankees are giving back to the Cubs — various stories have indicated it would be a “low-degree pitching prospect.” And how the Cubs and Yankees plan to separate up the $25 million that Soriano is owed by way of the tip of subsequent season. It sounds just like the Cubs shall be eating an excellent quantity.

From Wittenmyer:

Because the Cubs are together with a considerable part of the remaining $25 million of Soriano’s contract within the deal, it requires MLB approval, delaying an announcement.

(Getty Pictures) Soriano waved his no-trade clause to go back to the Bronx, where he was a star for the Yankees from 1999-2003. He was then sent to the Texas Rangers within the trade that brought Alex Rodriguez to the Yankees. Soriano played a year with the Washington Nationals before signing an eight-year, $136 million take care of the Cubs.

The energy-depleted Yankees are getting a long-ball boost in Soriano, who has hit 17 homers this season. He hit 32 last 12 months. As a crew the Yankees have seven homers in July (tied for the worst in baseball), while Soriano himself has eight (tied for the most in baseball).

With Curtis Granderson and Mark Teixeira out of the lineup for a lot of the season — and A-Rod doing A-Rod things — the Yanks have relied on Vernon Wells and Travis Hafner for energy. That worked out OKAY earlier within the season, but Wells hasn’t homered since Could 15 and Hafner, second on the workforce in homers behind Robinson Cano, has two since June sixteen.

While the homers sound good, Soriano is hitting just259/.287/.467 and hasn’t hit above270 since 2008. As Sports Illustrated’s Joe Sheehan notes, buying and selling for Soriano adds another to the Yankees’ assortment of big contracts — even when the Cubs are paying loads of it.

This has become the Yankee way in 2013: Buying past-their-prime gamers that teams need to unload, contracts be damned. If the Yankees need to make the playoffs out of the competitive AL East, they’ll need Soriano to play prefer it’s 2002 — when he was an MVP candidate — not 2013 when he grew to become expendable on a fourth-place team.

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Robinson Cano leaves All-Star Game after getting hit on knee by Matt Harvey pitch

NEW YORK — Oh, no. Another New York Yankees star injured? Exactly what they don’t need.

He tried to stay on the field, but slugger Robinson Cano left the All-Star Game in the first inning Tuesday after getting hit with a pitch on the side of the right knee. X-rays showed no break, but an injured right quad was reported by Fox Sports’ Ken Rosenthal.

Matt Harvey of the New York Mets, the starting pitcher for the National League in his home ballpark of Citi Field, drilled Cano with a fastball after Mike Trout led off the game with a double to right field. The crowd gasped, groaned and seemed to tense up.

[Photos: 2013 MLB All-Star highlights]

Cano seemed to be in obvious discomfort as the trainer looked him over, but he decided to take his base as Miguel Cabrera came to the plate. After Harvey struck out Cabrera, Cano came off the field, through the dugout and into the trainer’s room. There’s no free substitution in MLB’s All-Star Game, so Cano was finished for the evening.

Update: Outside of the American League clubhouse, Cano told reporters, “I’ll be good for Friday.”

Dustin Pedroia of the Red Sox replaced Cano on the bases, and Harvey continued to settle down, retiring Chris Davis on a short fly to center and striking out Jose Bautista to end the first inning.

Matt Harvey told Erin Andrews of Fox Sports that the pitch was an accident.

“I tried to go in, that sometimes happens. I didn’t mean to, obviously … my apologies go out to him.”

The Yankees appear to have dodged a serious problem. They have been without Derek Jeter, Alex Rodriguez, Mark Teixeira, Curtis Granderson and Kevin Youkilis for most of the season. If the Yankees were to lose Cano for an extended period, they probably could count on falling way behind in the AL East. As of Tuesday, they’re 51-44 and six games behind the Red Sox.

Congratulations to Vernon Wells, who is believed to be the only healthy Yankee! An exaggeration, but only slightly.

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Derek Jeter shut down until after All-Star break with quad strain, Yankees announce

The Yankees will shut down Derek Jeter through the All-Star break after he suffered a Grade 1 quad strain on Thursday, his first game of the season after coming back from a broken ankle.

“We’re going to play it safe for the weekend and see what happens,” Yankees general manager Brian Cashman said at a Friday news conference. “We’re going to evaluate sometime after that.”

Holding Jeter out for the weekend, the Yankees hope, combined with the All-Star break will give their captain enough time to avoid another disabled-list stint. The Yankees return to game action after the break on July 19 at Boston.

(Getty Images) Jeter’s return to the Yankees started out triumphant. He legged out an infield single in the first inning and eventually scored a run. His left ankle — broken in the 2012 postseason and saddled with setbacks since the spring — looked fine. Later in the game, however, Jeter hurt his right quad running to first base. An MRI revealed the Grade 1 strain.

Cashman said at the Friday news conference that maybe the Yankees bringing Jeter back sooner than expected contributed to the injury, but it was hard to say for sure. Jeter was supposed to return to the lineup Friday, per the Yankees rehab plans. He was scheduled to DH in Triple-A on Thursday, but Cashman decided it wouldn’t be much different if Jeter DH’d for the Yankees. In his own defense, Cashman noted that Jeter could have strained his quad in Triple-A too.

Yahoo! Sports’ Jeff Passan says Jeter missing a week would be the best case scenario. Such a quad injury, Passan says, usually takes two or three weeks to heal, and could sideline Jeter until August.

Losing Jeter, 39, to the disabled list again would be a big blow for the Yankees — not only because they need bodies, but also mentally. They’ve already had Curtis Granderson, Mark Teixeira and Kevin Youkilis return from injury this season, only to go back on the disabled list shortly after. Adding Jeter to the body count would be crushing.

“We just have to give it some time and see how he responds,” Cashman said.

Judging from the Yankees’ luck this year, Cashman better be crossing every finger and toe he has.

“It’s frustrating. I don’t know what else you want me to say. I worked hard to get to the point of rejoining the team yesterday. It’s not how you draw it up, but hopefully I’ll be back out there soon and help this team win some games.”

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Yankees will get back almost $19 million on Mark Teixeira’s salary from insurance policies

(Getty Images)

For the New York Yankees, a team that’s been getting bad news upon bad news this year, here’s something good: EPSN New York is reporting that insurance will cover close to $19 million of Mark Teixeira’s $22.5 million salary this season. The Yankees announced earlier this week that their injured slugger would need season-ending wrist surgery.

It’s not the kind of news that’s necessarily going to help the Yankees in the standings — unless the savings push them to make a trade — but it sure will help their bank account.

Teixeira played in only 15 games this season, an on-the-field spurt book-ended by injuries. He initially hurt himself during the lead-up to the World Baseball Classic. Since he was hurt during WBC prep, insurance provided by MLB covers $7 million of his salary. Teixeira re-aggravated the wrist injury a few weeks back and was placed on the disabled list.

A Yankees insurance policy, according to an ESPN source, will now cover another larger chunk of Teixeira’s contract. All told, insurance is expected to eat $18.7 million of what Teixeira will be paid this year.

Now what about A-Rod? Aren’t there some insurance issues in play there? Glad you asked. Let’s kick it over to ESPN New York for that one:

If A-Rod were to miss the entire season because of his hip, the Yankees would not receive the full $28 million he is owed from his temporary insurance. The most they would save is $9 million because of how the policy is set up.

The big score for the Yankees would be if Rodriguez’s hip won’t allow him to play again. If this were to happen, the Yankees would put in a claim on their permanent policy and, possibly, could recoup about 80 percent the approximate $100M Rodriguez is still owed.

Between A-Rod, Teixeira and all the rest of their injuries, anybody else wondering what the Yankees insurance premiums are going to look like next year? Wowzers.

Baseball season’s in full swing. Don’t miss a thing.
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