AP NewsBreak: Yankees set another payroll record Print
Written by Admin   
Wednesday, 23 January 2008 11:50
MLB Headline News

 NEW YORK (AP) -The Yankees did finish first in something last year - spending.
While their streak of AL East titles ended at nine, the Yankees wound up with a record payroll of $218.3 million.
The World Series champion Boston Red Sox were a distant second at $155.4 million, according to information received by clubs from the commissioner's office. The Los Angeles Dodgers were third at $125.6 million, followed by the New York Mets ($120.9 million), Chicago Cubs ($115.9 million), Seattle ($114.4 million), Los Angeles Angels ($111 million), Philadelphia ($101.8 million), San Francisco ($101.5 million) and the Chicago White Sox ($100.2 million).
At the back end were Tampa Bay ($31.8 million), Florida ($33.1 million), Washington ($43.3 million) and Pittsburgh ($51.4 million).
In all, teams spent $2.71 billion on players last year, up from $2.49 billion in 2006 and $2.35 billion in 2005.
The 30 clubs estimate they took in $6.075 billion last year, an increase from $5.2 billion the previous season and $4.7 billion in 2005.
New York has had the highest payroll for nine straight years. The Yankees' total rose from $207.5 million in 2006 and $206.6 million in 2005.
The Yankees were set to fall under the $200 million mark before signing Roger Clemens, who increased their payroll by $17.4 million. He went 6-6 with a 4.18 ERA in 18 appearances.
In addition to the largest payroll, the Yankees have the highest revenue in the majors. New York took in $415 million last year, giving about $100 million of it away in the sport's revenue-sharing plan.
New York is on track to lead the major leagues in payroll again but its total appears likely to drop. The Yankees have committed $198.6 million to 19 signed players on their 40-man roster. Adding in the midpoints for their three players remaining in arbitration - Chien-Ming Wang, Robinson Cano and Brian Bruney - the total increases to $207.6 million.
Payroll figures are for 40-man rosters and include salaries and prorated shares of signing bonuses, earned incentive bonuses, non-cash compensation, buyouts of unexercised options and cash transactions. In some cases, parts of salaries that are deferred are discounted to reflect present-day values.
 

MLB Team Pages

Top MLB Public Bets

#1 968 Detroit Tigers 85%
#2 975 New York Yankees 84%
#3 952 New York Mets 79%
#4 978 Kansas City Royals 75%
#5 955 Washington Nationals 75%
#6 954 Cincinnati Reds 73%
#7 980 Tampa Bay Rays 73%
#8 962 Los Angeles Dodgers 71%
#9 958 San Francisco Giants 68%
#10 973 Toronto Blue Jays 68%
View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

MLB Futures

MLB TEAM WORLD SERIES ODDS CURRENT
OAKLAND ATHLETICS 5/1
LOS ANGELES DODGERS 11/2
DETROIT TIGERS 11/2
SAN FRANCISCO GIANTS 9/1
LOS ANGELES ANGELS 9/1
WASHINGTON NATIONALS 10/1
ST LOUIS CARDINALS 12/1
BALTIMORE ORIOLES 16/1
MILWAUKEE BREWERS 16/1
NEW YORK YANKEES 18/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com