“150 million of it is pure waste”: MLB fans react as Yankees projected to surpass $300 million luxury tax payroll -TH
“150 million of it is pure waste”: MLB fans react as Yankees projected to surpass $300 million luxury tax payroll
The New York Yankees are projected to surpass $300 million in salary payroll for 2024, putting them in the luxury tax bracket for the first time. Fans, though, believe that it’s a waste of money.
The New York front office have added three high-profile players to their roster this winter through trades and also signed Marcus Stroman from free agency. Barring further trades, the Yankees’ salary payroll is projected to be $304.3 million for next season, making it the third highest in the league.
The New York Yankees are coming off a disappointing season, failing to make the playoffs after being overly dependent on Aaron Judge for most of the season. In the winter, they missed out on some of the biggest free agents in the market but added Juan Soto, Trent Grisham and Alex Verdugo through trades. They also signed Stroman from agency on a two-year, $37 million contract.
Following these players’ arrival, New York is set to cross the $300 million mark in salary for the first time. It means they would be subject to a $48.4 million in luxury tax.
Fans trolled the team on social media, as they believe that the additions are subpar and not worth the expense.“150 million of it is pure waste,” tweeted one fan.
“They still aren’t going to win,” added another.
Here are the top reactions on X:
Yankees owner Hal Steinbrenner appears willing to cross $300 million threshold
New York Yankees chairman and managing general partner Hal Steinbrenner once said that the team does not need a $300 million payroll to land their next World Series.
However, with the additions made by the front office, he seems willing to go back on his words to build a championship-winning team. Moreover, the New York front office may not be done yet and might add another arm to bolster their rotation of bullpen.
There’s still plenty of time for MLB teams to make moves before they have a final figure on their payroll for 2024.
