5 Ways Yankees Can Spend the $19 Million Saved on Teixeira’s Contract This July
June 28, 2013 · Adam Wells · Jump to comments
Article Source: Bleacher Report - New York Yankees
Just when you thought the New York Yankees couldn’t catch a break, along comes the Insurance Fairy to provide the team with a life line heading into what figures to be a very busy trading season next month.
According to Andrew Marchand of ESPN New York, thanks to Mark Teixeira’s problematic wrist this season, first in the World Baseball Classic and then again on June 16, the Yankees are going to collect nearly $19 million in insurance money.
It is no secret that the Yankees have a lot of roster problems right now, Teixeira being just one of them right now, and will likely need to make a move or two if they want to be serious playoff contenders come September.
It is also well known that the front office has been reluctant to spend a lot of money in hopes of getting under the $189 million luxury tax threshold next year. The silver lining of Teixeira’s injury, aside from the money, is that because the season has already started, any additional money added to the team for this season won’t count for their luxury tax.
When Boston signed Adrian Gonzalez to an extension early in the 2011 season, it didn’t become official until after the team could declare his $6.5 million salary toward the luxury tax (h/t Sean McAdam of Comcast SportsNet New England).
So with this new financial wealth at their disposal, here are the best moves the Yankees could make.
Note: All player salaries courtesy of Cot’s Baseball Contracts unless otherwise noted.
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