how is it the yanks can have such a high payroll? don't they have a salary cap in baseball?
2006-10-08 03:46:17 · 9 answers · asked by Anonymous in Sports ➔ Baseball
They have a system by which they pay into a fund, called a luxury tax, if the payroll goes over a certain amount but the Yankees accept this and go after the players they want.
2006-10-08 03:50:43 · answer #1 · answered by ligoneskiing 4 · 2⤊ 0⤋
There is a cap, but they also have a luxary tax for teams that exceed the cap. Both Boston and the Yankees (Yankees at 200 million) exceed the cap and pay this luxary tax. For Steinbrenner, however, no amount is too much.
They need to do away with such a thing and have a finite, set amount, somewhere in the range of 125 million.
2006-10-08 03:58:12 · answer #2 · answered by Adam C 4 · 0⤊ 0⤋
No, they don't have a salary cap. I'm no economics expert, but I'm pretty sure you can mostly blame this one on Players' Union President Donald Fehr. If there is to be a salary cap, both MLB and the players association have to agree on it, and as long as Fehr makes sure that all the players don't want a cap, there won't be a cap. Make no mistake, this guy is on of the most powerful people in sports.
2006-10-08 04:24:19 · answer #3 · answered by milerman01 3 · 1⤊ 0⤋
They don't have a salary cap, but even money cannot buy a Championship team.
2006-10-08 05:25:38 · answer #4 · answered by TopSpin 5 · 1⤊ 0⤋
nope there is no salary cap in baseball.
their manager steinbrener has alot of money.
well i think they need 2 stop going after sluggers and go for defensive all around type of players,and get a deep bullpen,and pitching that wont get injured.
2006-10-08 03:55:34 · answer #5 · answered by Compton,CA 4 · 0⤊ 1⤋
there is no salary cap
2006-10-08 06:48:49 · answer #6 · answered by Matt 2 · 0⤊ 1⤋
its simple - they can afford and salary cap is not needed...
2006-10-08 03:48:55 · answer #7 · answered by jadfritz 2 · 0⤊ 1⤋
not for old George Steinbrenner.
2006-10-08 03:51:21 · answer #8 · answered by ? 6 · 0⤊ 1⤋
i agree
2006-10-08 04:00:12 · answer #9 · answered by Anonymous · 0⤊ 1⤋