• Hank: The Yankees Tax Gives Us Right To Spend As We Want

    Posted by on February 18th, 2009 · Comments (3)

    Via the AP -

    Boston Red Sox owner John Henry renewed his call for a salary cap on Wednesday after an off-season in which the New York Yankees added three free agents for $423.5 million.

    Or, as Red Sox president Larry Lucchino said, “the Yankees have spent like the U.S. Congress.” That drew a quick response from Yankees co-chairman Hank Steinbrenner.

    “Along with a few other teams, we’re basically baseball’s stimulus package,” he said.

    New York thinks it has the right to spend after paying at least $110 million in revenue sharing and luxury tax last year.

    “As long as we’re doing that and giving all this money to other teams in revenue sharing, a staggering amount, we should be able to spend on salaries what we want to,” Steinbrenner said. “Because of revenue sharing and because of the popularity nationwide, the Yankees are critical to baseball.”

    I doubt even those who are not too crazy about the Hankster can argue with that.

    Comments on Hank: The Yankees Tax Gives Us Right To Spend As We Want

    1. antone
      February 19th, 2009 | 9:52 am

      Score one for Hank.

    2. thenewguy
      February 19th, 2009 | 9:53 am

      I doubt even those who are not too crazy about the Hankster can argue with that
      ——-

      Argue, or agree?

    3. Evan3457
      February 19th, 2009 | 3:17 pm

      I would just like to ask John Henry one question:

      Considering the Sox have been 2nd or 3rd in team payroll for several years now, where does he think the cap should be; $1 dollar more than the Sox team payroll, perhaps?

    Leave a reply

    You must be logged in to post a comment.