Do not hold your breath if you are expecting the Yankees to feel apologetic about all the money they are spending. After the team’s third major off-season signing, the Yankees’ president, Randy Levine, surveyed the criticism of the club and said, in effect, that a really good Yankee team is beneficial to baseball.
“The philosophy of George Steinbrenner, which has been continued by Hal and Hank, is that the Yankees are a sacred trust to their fans and they believe in continually reinvesting in the team rather than reinvesting in themselves,” Levine said Wednesday in reference to the team’s principal owner and his two sons. “We follow all the rules of baseball, we pay millions of dollars to other teams and we are essential to the revenues generated by Major League Baseball and its networks and other entities.”
In signing C. C. Sabathia and A. J. Burnett to big free-agent contracts and reaching agreement with Mark Teixeira on an eight-year, $180 million deal, the Yankees have now spent far more money this off-season than the other 29 major league teams combined. For those keeping score, it is $423.5 million to $296.6 million. That kind of discrepancy is too much for some commentators and for the Milwaukee Brewers’ owner, Mark Attanasio, who on Tuesday resurrected the idea of a salary cap as a way of reining in the Yankees.
Levine will have none of it. He said that the Yankees, by spending substantially on players, were making sure they remained a top asset in the sport.
“We are usually in the top of road attendance and we get some of the highest television ratings, both when we play national games and when we visit other teams,” he said. He said if the Yankees’ new stadium, which will be ready for the 2009 season, allows the team’s revenue to increase, then “so will the revenues of the rest of the game.”
Levine added: “We are sensitive to the economic times and our fans. We believe it is good for the franchise and good for the fans to put the best product possible on the field, and that is what we strive to do.”
Levine singled out the criticism that he said some ESPN’s commentators had directed at Yankee spending and said he wondered why they were not criticizing their own network for reinvesting in its product by outbidding Fox by millions of dollars to acquire the rights to the Bowl Championship Series.
No apologies, and a little feistiness. And less than two months until spring training.
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