After missing the playoffs for just the second time in 19 seasons, the New York Yankees have made themselves relevant again by going on a huge offseason spending spree. Much like they did after missing the playoffs in 2008, Hal Steinbrenner and Brian Cashman have spent an unfathomable amount of money to keep the Bombers from slipping into obscurity.
Heading into the offseason, the Yankees’ front office understood that something had to be done in order to avoid an elongated rebuilding period. Steinbrenner had the goal of keeping the 2014 payroll under $189 million while maintaining a competitive team on the field, but that goal proved unrealistic.
With an abundance of talented free agents on the market, New York could not simply sit idly by. The front office realized the revenue that would be generated by spending more to field a competitive team was much more than would be had by keeping the payroll at $189 and fielding a mediocre team. Therefore, the Yankees opened up the checkbook.
What ensued was a $471 million spending spree that brought superstars Brian McCann, Jacoby Ellsbury, Carlos Beltran and Masahiro Tanaka to the Bronx. But that’s not all. New York also re-signed Hiroki Kuroda, Derek Jeter, Brett Gardner and Ivan Nova to one-year deals as well as bringing in Brian Roberts and Kelly Johnson to add some depth to the infield.
This spree may sound a bit excessive but not for the Yankees. An extended rebuilding period would not be acceptable to New Yorkers. Fans expect the Yankees to win now. The idea of bringing up talent from the farm system is nice, but that process takes time. By signing these big name players, the Yankees have the ability to contend for the World Series in 2014 and in years to come. It worked in 2008; let’s hope history repeats itself.