Well, the Yankees have done it again. I mentioned last week after the signing of CC Sabathia that the Yankees are what is wrong with baseball. I realize that they are not doing anything against the rules, however this off season is the perfect example of the need of a salary cap in Major League Baseball.
With the signing of Mark Teixeira for $180M over the next 8 years the Yankees have now spent just under $430M in the past month. Let's look at that number again, $430,000,000.00.
So, that got me wondering and I hit the research lab. Here are some tidbits that I came up with:
* With $430M dollars the Yankees could purchase nearly one quarter of General Motors, and help the entire US economy by doing so.
* The Yankees now have the rights to the four highest paid players in baseball, Alex Rodriguez, Derek Jeter, Mark Teixeira and CC Sabathia. They owe those players $805M dollars throughout the life of their contracts.
* The Yankees just received a $26.9M bill from commissioner Bud Selig for the luxury tax the Yankees owe from the 2008 season. That is more than the entire Florida Marlins team salary last season.
And the tough one for any Pirates fan to read...
* Through the Pirates current streak of 16 consecutive losing season the team has spent a TOTAL of $478.2M in salary over those 16 seasons. The Yankees spent nearly that much in the past few weeks.
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