The Yankees have said for two years that they plan to lower their payroll beneath the $189 million luxury-tax threshold by 2014.
The head of the players union is not yet sold on Hal Steinbrenner’s vision.
“I imagine Mr. Steinbrenner is sincere when he says that,” said Michael Weiner, executive director of the MLBPA. “But like a lot of things, I’ll believe it when I see it.
The Yankees can reduce their luxury-tax rate from 50% to 17.5% if they stay below the threshold. Weiner believes their ability to spend in the years after that would make up for it.
Weiner added that there “were certain incentives built in for the Yankees to drop their payroll. . . . I’m not concerned, because they’re dropping their payroll to put themselves in position to greatly increase their payroll the next year.”
Read more: http://www.nydailynews.com/sports/baseball/yankees/thrifty-bombers-puzzle-union-bigwig-article-1.1275498#ixzz2MCPS02Kz
Yankees new under-budget style surprising to MLB union executive director Michael Weiner
New York Daily News | Feb 28