This Day in New York Yankees History 1/6: The Greedy Pinstripes is Born

On this day in 2009 the Cleveland Indians signed oft-injured starting pitcher Carl Pavano, formerly of the New York Yankees. Pavano signed a one year deal worth $1.5 million for his age 32 season after only making 26 starts for the Yankees in four seasons and making $40 million.

Also on this day in 2006 the New York Yankees finished the year with a then record payroll of $207.2 million. That staggering number was $90 million more than the second highest spending Boston Red Sox. The World Series champion Chicago White Sox only spent $73.2 million while the Tampa Bay Devil Rays had the lowest payroll at $26.6 million.