Showing posts with label Yankees Owner. Show all posts
Showing posts with label Yankees Owner. Show all posts

Wednesday, November 8, 2017

Article Revisit: Donald Trump Wants to Own the Yankees


Written and reported on back on this day in 2015, oh what could have been. Enjoy.




Yes, please!


According to recent reports Donald Trump, the billionaire businessman and Republican Party Presidential hopeful, wants to own the New York Yankees. Trump grew up in New York City and made his millions in the greatest state, in my humble opinion, in the United States and would like to return there if he could land an ownership role in any sports team.


George Steinbrenner and Trump were known associates, business partners and friends and the similarities don’t stop there. Heads would roll when the team didn’t make the postseason in two consecutive years and player contracts would be eaten when they were no longer useful. Trump would own, run and manage the team like the $3.5 billion powerhouse that it is.


Trump would do is smart though, in my opinion. He wouldn’t be a tyrant, he would just do whatever was necessary to turn a profit. Trump understands the added revenue, attendance, merchandise sales and the growth to the brand that comes with the playoffs and would basically demand that the team make it there every season. He would also give Brian Cashman the power he had from 1998-2009 along with a blank check.


Trump was just asked a question and he answered it, he isn’t seriously considering making a run at buying the team and there is no speculation that the Steinbrenner family is interested in selling. This is the offseason and it’s time to dream and that’s what I did with this article, hopefully it’s taken that way by the reader. Enjoy as we dream about the return of the GREEDY Pinstripes.

Friday, May 19, 2017

My Thoughts on the Hal Steinbrenner Interview


I am not sure if this is a good thing or a bad thing but it is what it is right now. Hal Steinbrenner is not his father. He doesn’t have to have an interview after every Yankees loss, trade or interview and for the most part he pretty much stays out of the limelight like, in my opinion, an owner should. Just write the checks, pay the bills, bring in the players and shut the hell up. I’m sorry to be so brash but that’s just how I feel although when the owner does talk I do tend to listen. This week Steinbrenner spoke and here are my thoughts on his interview.

The Yankees are in first place in the American League East Division as we speak this morning and the first thing Steinbrenner was asked in his recent interview was whether the Yankees would be buyers, sellers or both at the July 31st trading deadline. Steinbrenner responded by saying that the Yankees “may” add but they will definitely not be selling this summer meaning New York may add a new starting pitcher in a couple months and we may see a new arm added to the bullpen or two but all signs point to us being stuck with Chris Carter for the remainder of the season. Darn.

Steinbrenner also reiterated his desire to get the team’s luxury tac payroll under $197 million next year, which with the injection of youth in recent years and the massive contracts of CC Sabathia and Alex Rodriguez coming off the books after the season seems to be attainable, so that the Yankees can cut their luxury tax penalty from 50% on every dollar to 20% on every dollar. Just in time to sign Bryce Harper, Manny Machado and possibly Clayton Kershaw thus starting the process all over again. Hey, one can dream can’t we?

I will also say I continue to be impressed with Steinbrenner’s knowledge (or poker face) regarding the Yankees farm system He has proven that he is either in tune with what’s going on down on the farm or is being briefed before every interview because he knows the names, he knows the affiliates and he really seems to know his stuff regarding Yankees prospects. Maybe he reads us and Pinstriped Prospects?


He’s still cheap though. Open up the purse strings brother! Have a great day everyone. 

Friday, April 7, 2017

Derek Jeter the Potential Owner!


Major League Baseball, are you ready for the return (potentially) of the great Derek Jeter to the game? No the Yankees shortstop is not returning to the field as a player but the future Hall of Fame player is trying to get back into the game in another way, as an owner. The Miami Marlins are reportedly up for bid and Derek and his wife Hannah are one of three potential bidders for the franchise.

Jeter, who is represented by Gregory Fleming in the potential transaction, is joined by former Florida Governor Jeb Bush and a group of businessmen from Goldman Sachs as potential buyers for the franchise.

Jeffrey Loria bought the team back in 2002 for a whopping $158 million and the potential price tag for Mr. Jeter or Mr. Bush could go anywhere from an estimated $800,000 to $1.6 billion. Loria is putting the team up for sale after reports came out that stated he may be nominated by President Trump to become ambassador for the United States to France.


You know what I am going to say to the potential return of Derek Jeter to the sport and game we all love. Yes please. I’m rooting for you Jeter! Good luck. 

Tuesday, February 28, 2017

Meet a Prospect: George Steinbrenner


George Michael Steinbrenner III is the final Meet A Prospect post that we will do for Prospects Month on The Greedy Pinstripes. The Boss was born on July 4, 1930 and passed to hang with the baseball Gods on July 13, 2010. George bought the New York Yankees organization in 1973 and held the ownership for 37 years until his death and subsequent transfer of ownership to his sons Hank and Hal, who we also showcased in our Meet A Prospect series this week. George would see the Yankees win seven World Series championships and 11 American League pennants in his tenure as the Yankees owner, the longest tenure in club history. George was not always the "hands on" owner, fiery figure head, and one to meddle in every day operations, drive up players prices, and investigate free agents before signing them. George was not always the one to hire, fire, and re-hire managers at an alarming rate. Let's meet George Steinbrenner before he was known as "The Boss."


George was born in Bay Village, Ohio as the only son of Rita Haley Steinbrenner and Henry George Steinbrenner II. His mother was an Irish immigrant who had her name changed from O'Haley to Haley and his father was of German descent who eventually made his name in the freight shipping business. George III was named after his paternal grandfather, George Michael Steinbrenner II, and had two younger sisters growing up, Susan and Judy. George spent his college years at the Culver Military Academy starting in 1944 and graduated in 1948 only to go back to college to get his B.A. from Williams College in Massachusetts in 1952. George was quite the social butterfly and athlete in school with highlights such as being a member of the Delta Kappa Epsilon fraternity, being a very successful hurdler on the varsity track and field team, played piano in the band, played halfback on the football team his senior year, and served as the field editor for The Williams Record. After college George immediately joined the United States Air Force and was commissioned as a second lieutenant. George would have an honorable discharge in 1954 and would go back to school to complete his masters degree in physical education at Ohio State University.


While at Ohio State George would be the coaches assistant in the year the Ohio State Buckeyes would go undefeated and win the Rose Bowl and National Championship in 1954.George would meet his soon to be wife, Elizabeth Joan Zieg, in Columbus, Ohio in 1956 and would marry and have two sons, Hank and Hal Steinbrenner. They also had two daughters Jessica Steinbrenner and Jennifer Steinbrenner Swindal. In 1957 Steinbrenner would join the Kinsman Marine Transit Company, a company his great grandfather Henry purchased in 1901, and would be rebuilt and revitalized before George would purchase the company a few years later from his family. George would later buy the American Shipbuilding Company and see annual revenue sales soar over $100,000,000. Steinbrenner did not initially use that new found wealth to get into baseball though because his first sports team investment was the Cleveland Pipers of the American Basketball League against the advice of his father. The Pipers would hire the first African American coach in professional basketball in John McClendon and would see an ABL Championship in the 1961-1962 season before the ABL folded in 1962. Steinbrenner paid his debts and took his talents to Broadway briefly in a 1967 play named The Ninety Day Mistress, the 1974 Tony Award nominated Seesaw, and the 1988 Legs Diamond play.

In 1971 George Steinbrenner attempted to buy the Cleveland Indians and failed but would buy the New York Yankees from CBS, with help from investors, in January of 1973. The original sale of the organization was $10,000,000 but the deal included two parking garages that CBS bought back after the deal was final for $1,200,000 making the final total for George and company coming in at $8,800,000. George wasted no time causing controversy and hiring and firing personnel as he went through 20 managers in his first 23 seasons including hiring and firing Billy Martin five times and went through 11 general managers in 30 seasons. George did win two World Series in 1977 and 1978 behind Billy Martin and Reggie Jackson though while the Bronx was Burning. George also ruled with an iron fist creating the policy that all Yankees players, managers, and male executives were forbidden to have any facial hair other than a mustache and Yankees players hair was not allowed to touch the collar of the shirt, which is still the Yankees policy today. George and his policy is the reason that Goose Gossage grew, and still has to this day, the extreme mustache that he has now after George forced Gossage to shave the beard that he was growing in 1983. Don Mattingly was even benched in 1991 after refusing to cut his mullet hair cut that did not fall within Yankees policy which causes a media backlash. Mattingly would not learn from the incident though as he would be back in the Yankees facial hair spotlight as he started to grow a goatee in 1995 and saw Mattingly trim it to just a mustache.


George also caused a ton of talk after handing out Dave Winfield a 10 year contract worth $23,000,000 making him the highest paid player in the game at the time. George bashed Winfield in the 1985 season after a poor September performance calling Winfield "Mr. May" and saying that the Yankees needed a "Mr. September or Mr. November, not a Mr. May." This criticism would cause players like Ken Griffey Jr. to publicly state that he would never play for the New York Yankees because of George Steinbrenner. On July, 30 1990 George was officially banned from the game permanently as far as day to day operations go by MLB commissioner Fay Vincent for paying a gambler to "dig up dirt" on Winfield. Winfield was suing the Yankees because they did not contribute $300,000 to his foundation which was a stipulation of his 10 year contract. These were just some of the reasons that Winfield went into the Hall of Fame as a San Diego Padre and no a member of the New York Yankees. With George out of the game how would baseball, and specifically the Yankees, respond you ask? Keep reading...



George was reinstated back into baseball in time for the 1993 season and it was just in time for the 1994 MLB strike and the beginning of a Yankees dynasty. George was willing to leave the day to day operations to Gene Michael these days and even got behind a Yankees farm system and letting players like Bernie Williams, Derek Jeter, Mariano Rivera, Andy Pettitte, and Jorge Posada to develop rather than be traded for veteran players. George saw this new found patience pay off as the Yankees were in the AL East chase all the way until September before losing the title to the Toronto Blue Jays. The Yankees were also leading the AL East before the 1994 strike wiped all the hard work away, the season, and for the second time ever the World Series. Obviously anyone reading this knows the rest as we saw the Yankees make the playoffs for the first time since 1981 when they were the first Wild Card winner in the 1995 season and saw the Yankees win World Series titles in 1996, 1998, 1999, 2000, and 2009. The Yankees made the playoffs ever year from 1995 - 2009 except for the 2008 season, Joe Girardi's first season, and saw World Series losses in the 2001 and 2003 Fall Classics.


George would officially retire from being the Yankees principal owner and would transfer the day to day operations to his sons, Hank and Hal, in 2006. From 2006 until his eventual death in 2010 George spent most of his time at his home in Tampa, Florida while rarely showing his face at the stadium or giving interviews and sound bites. George did make a special appearance at the 78th Annual MLB All Star Game which was held in Yankees Stadium in it's final season in 2008 in the Bronx. George was wearing dark sunglasses and walked slowly onto the field with the help of many people helping him walk. George would get one last ring in 2009 and was presented with the ring in person by Derek Jeter and manager Joe Girardi on April 13, 2010 in his stadium suite leaving, according to reports, Steinbrenner almost speechless. Steinbrenner, if anyone, deserved this private ceremony as he built the Yankees brand to the first sports team to have a net worth over $1,000,000,000 plus having a $1,200,000,000 television network aptly named the Yankees Entertainment and Sports network, or the YES Network.



George died on July 13, 2010, the same day as the 81st annual All Star Game, at Saint Joseph's Hospital in Tampa due to a heart attack. His death came just nine days after his 80th birthday and just two days after long time Yankees announcer Bob Shepard passed away. The Yankees would wear a patch honoring Steinbrenner and Shepard from July 14th until the end of the 2010 season to commemorate these two Yankees legends. The Steinbrenner family also added a monument in Monument Park to honor their late family member in September of 2010 to honor George. George was buried at Trinity Memorial Gardens in Trinity, Florida. The Boss, Manager George, George Steinbrenner, whatever you call him or known him as you know he will never be forgotten, replaced, or emulated. May George rest in peace now.


We want to take this time to honor and thank George Steinbrenner for everything he did as the owner of the Yankees. If it were not for Steinbrenner the Yankees would not be who they are today, both in class and in championships, and we would not be the site that we are today. The Yankees would not be the financial super power they are today, would not be as respected league wide as they are today, and may have went by the wayside in the 70's and 80's if it were not for the boss. Thank you George and I hope you are reading this from up in Heaven, we love you!

Wednesday, February 22, 2017

Meet A Prospect: Hank Steinbrenner


Henry George "Hank" Steinbrenner III was born April, 2 1957 in Culver, Indiana to parents George and Elizabeth Steinbrenner. Hank is the older son of former Yankees principal owner George Steinbrenner and is currently involved in the day to day operations as owner of the Yankees today. Steinbrenner's little brother Hal is the other half of the Steinbrenner duo that inherited the team when The Boss passed away in 2010 and Hank also has two sisters in Jessica Steinbrenner and Jennifer Steinbrenner Swindall. Henry, or Hank, was named after his grandfather, Henry George Steinbrenner II, who made the family fortune in the shipping business.

From 2007 to the present George Steinbrenner stepped down from the day to day operations of the New York Yankees and the job was left to both Hank and Hal Steinbrenner. It would take until November, 8 of the 2008 season before Major League Baseball owners approved the shift of power to the Steinbrenner Brothers. Hank is more like his father in the fact that he is the more outspoken Steinbrenner brother and is considered to be a bit of a hot head. He also likes to talk without speaking a lot as seen below in this quote from Hank in a 2008 interview:
"Red Sox Nation? What a bunch of bullshit that is...That was a creation of the Red Sox and ESPN, which is filled with Red Sox fans...Go anywhere in America and you won't see Red Sox hats and jackets, you'll see Yankee hats and jackets. This is a Yankee country. We're going to put the Yankees back on top and restore the universe to order."


Hank would receive a Red Sox nation membership card a few days later from Red Sox owner John Henry and also received team newsletters, bumper stickers, pins, Green Monster seats, and a Boston Red Sox hat autographed by none other than David Ortiz. I have to say that is a pretty awesome gesture by the Red Sox and even generated a laugh from a Yankees fan, good work.


Hank has disappeared from the front of the stage in recent years while his brother Hal has taken full control over the team and the organization. Hank was last seen on a gold course smoking cigarettes and about 50 lbs. lighter, no exaggeration. I'm not quite sure what's going on with Hank but I truly wish he's okay both mentally and physically. He's still a Steinbrenner and he's still a Yankee.

Sunday, November 20, 2016

This Day in New York Yankees History 11/20: Moose Retires



On this day in 2008 Mike Mussina officially announced his retirement following his first 20 game winning season. Moose spent 10 years with the Baltimore Orioles before spending his last eight seasons with New York. Moose finished with a 270-153 record with a 3.68 ERA combined in his soon to be Hall of Fame career.

Also on this day in 2008 the 35 year run of George Steinbrenner being the owner of the New York Yankees officially ended as the MLB owners unanimously approved of his sons, Hank and Hal Steinbrenner, taking over the Yankees. George, with his failing health, appointed his sons as the chairmen of the team in 2007 before this was made official.

Wednesday, October 26, 2016

Quick Hit: Yankees to Renovate Yankee Stadium, Add Social Gatherings


Good morning ladies and gentleman and Happy Wednesday to all. This news is a couple days old but in case you missed it I wanted to touch on it for a minute. Renovations are coming to the new Yankee Stadium and, as shocking as this is to say, it is coming at the expense of capacity in the stadium. You mean Hal Steinbrenner and company actually listened to their fans and sacrificed empty seats that they “could” sell to make the fans happy? Say it ain’t so.

The Yankees will see Yankee Stadium’s capacity reduced by 2,100 seats so that they can bring in seven new social gathering spaces in the stadium. A children’s zone with an artificial surface and mini baseball field will be created in the right field upper deck and playground equipment will be included as well as a replica World Series trophy as well as open-air spaces added to the left and the right of the restaurant in center field. This alone will add a new family dynamic to the stadium while also removing obstructions from the bleacher seats. You can even charge your phones in this open-air space. Always a plus.


Bars, sports lounges and other amenities will be added and it looks like a bunch of other cool stuff. Things like this make me happy, when the organization actually listens to the fans. Plus removing obstructed seats never hurt either. Good job Yankees. Good job indeed. 

Tuesday, May 3, 2016

Joe Girardi & His Hypothetical Leash


In the immortal words of George Steinbrenner, before presidential nominee Donald Trump made them cool, the words “you’re fired” came out far more times than the Yankees would like to admit in the 70’s, 80’s and into the 90’s. Steinbrenner was a passionate fan and the Yankees were his passion and his hobby, he had made his money before buying the team and regularly operated in the red due to payroll, and when a manager wasn’t cutting it then he got cut. Simple as that. The only constant was change but ever since the Hal Steinbrenner and Brian Cashman regime took over in the Bronx right around the 2008/2009 timeframe there has been one man at the helm and in the dugout for New York but on a long enough timeline everyone moves on or gets fired so after this putrid start in 2016 you have to wonder how long Joe Girardi’s leash is with the club.  

Obviously this is all pure speculation as I am not an insider, contrary to popular belief Hal does not have me on speed dial and I know no more than you. Again, I like to use common sense, history and a little bit of speculation and predictions in posts like this. The Yankees are a well-oiled business marketing machine that makes the Steinbrenner family an absolute ton of money but if history has told us one thing about this team it’s this, they don’t make as much money when they are losing as they do when they are winning. When a team is losing and when the management wants to shake things up the first person to go is usually the manager and you have to wonder how much patience the AL Wild Card Round trip to the postseason last season bought Girardi from the Steinbrenners. 

I know I sound like a spoiled brat right now but this is the worst start and possibly the worst team I have ever seen in my lifetime. I started watching religiously in 1994 at just eight years old, I would later turn nine after the World Series, and I’ve been spoiled and come to expect the best out of this team. I was crushed when Girardi took over and the Yankees missed the postseason in the final year of Yankee Stadium and I am even more crushed thus far this season because this team is so loaded down with talent. What frustrates me is that the team had obvious needs this winter, the middle of the lineup and the starting rotation specifically, and the GM did nothing to address either. That’s not as much Girardi’s doing and fault as it is Cashman’s but we all know how this works. The manager goes first and so does his coaching staff before the organization realizes it was the GM’s fault all along so if Girardi wants to remain in pinstripes he needs to turn things around quickly, preferably now, or he may be headed to the free agent market. My opinion only. 

Listen I like Joe Girardi. Sure he frustrates the hell out of me with his constant veteran over prospects decisions, see Stephen Drew and Andruw Jones as recent examples of this, and I would be a liar if I said I didn’t want to take his binder (which is now an iPad) and light the thing on fire before breaking it into a million pieces. I do. The thing is though he has shown an uncanny ability to work with a bullpen and piece together a game for a victory that the Yankees had no business winning. He took the same exact bullpen that fell apart time after time in 2007 for Joe Torre and turned them into a powerhouse in 2008 and has in every single season since and that I will miss. I have to say though, there isn’t a whole lot more that I would miss. Especially when Girardi gives me a day when I’m ready to pump out another two or three articles. 

Saturday, April 23, 2016

You May Miss George Steinbrenner But You Shouldn’t


You may miss George Steinbrenner, hell I do too, but if it is only because we would “fix” this mess the team is in right now, well you shouldn’t. George Steinbrenner was a great man God rest his soul and he was a great owner for the most part as well. Sure he meddled where he didn’t need to meddle and sure he stuck his nose and check book where it didn’t always belong but he treated this team like his hobby and not like his only source of income. This was not a job for him, this was what he did in his down time and it showed in his passion for the team and the way he handled it. Passion can lead to knee jerk reactions though, bad trades and even worse signings and that’s what George would be doing right now, not necessarily fixing things.

I mean zero disrespect in this post but let’s use his track record and the history of the franchise under his tenure to dissect what we think would happen if he were still running this team today. First and foremost you can kiss the Yankees young guns goodbye. You say you’re attached to Luis Severino, Aaron Judge, Gary Sanchez, Robert Refsnyder, James Kaprielian, Domingo Acevedo, Ian Clarkin and others? Sorry, they are all gone. Mateo is in San Diego right now and Craig Kimbrel is in the Bronx. The team wouldn’t have an average age under 30-years old like they do now, it’s be more like 35-years old after the bulk of these players would likely be traded for aging veterans and hired mercenaries. Again, we’re using history as an indicator of the future as I have no crystal ball and I barely watch ESPN let alone use my psychic ESPN…..

There wouldn’t be all bad though. You think George would shy away from eating the contracts of CC Sabathia, Alex Rodriguez or Chase Headley if they continued to struggle and didn’t lead the team to their ultimate goal, their 28th World Series championship? You don’t think George would flip Jacoby Ellsbury for another bad contract like Shin-Soo Choo of the Texas Rangers just to be rid of the devastating contract to the organization? Many of you would love to wake up and see the news that both Joe Girardi was fired and Brian Cashman is cleaning his desk out as we speak, FYI I wouldn’t, and many of you would then jump for joy when the next flavor of the week is hired in their places.

“If George were alive…” Enough. George is not alive and if he were I am not certain things would ultimately be any better. Sure the team would have more big names and wouldn’t treat the organization like we’re clipping coupons and qualifying for food stamps just to keep the doors open but at the same time I’m not sure how much the team would be any better. Let’s remember, again using history as an indicator of the future, that it took George being banned from baseball completely to undo everything that was done and to build the Core Four and a perennial World Series winner. It was when this core grew older, key parts moved on and when George had too much say in the free agent market that the team began losing in the first round of the playoffs year in and year out.

Reaching the Wild Card Round or ALDS is not good enough for me and it wouldn’t be good enough for George either. Unfortunately it’s good enough for Hal and it would unfortunately be all we would see if George were still here running the show. It’s a different game now, you can’t just throw money at a problem and make it go away. Injuries will happen and so will declines and that’s where you need depth and a strong farm system. One last piece of history for you and I’ll stop because I know I ruffled a few feathers with this post. It was in 2005 that a high priced veteran-laden roster fell apart that George Steinbrenner assembled and threw money at and it was a Yankees farm system that George tried to trade away on numerous occasions (let’s remember it is well documented that Cashman did not want Alex Rodriguez and that Robinson Cano was offered in the A Rod deal) that saved that team and led them to another trip to the playoffs.

History and science are the only two things that theoretically can never lie.


Monday, March 14, 2016

Most Popular Article of the Week: Bloomberg: 1% Share of New York Yankees is For Sale!


According to Bloomberg you, anyone reading this, can be a part-owner in the New York Yankees for the low-low price of just $24 million. The team is worth anywhere from $2.75 billion to $3.25 billion depending on where you read and a minority owner is selling their share, 1% to be exact, on the open market right now. At this time it is not known who is selling their stake in the company but Hal Steinbrenner has once again shot down any rumors of it being anyone in the Steinbrenner family. The Steinbrenner’s are not selling the Yankees anytime soon. Hal’s lips to my blog.


Club 9 is the company handling the sale and for their paperwork purposes they have the team valued at $3 billion. The company then applies a 20% discount to the average cost per percent of the team’s value to come up with their $24 million price tag. Time to cash in your piggie banks Yankees family, let’s buy us some Yankees!

Thursday, March 10, 2016

Quick Hit: Yankees Owner Buys the Memphis Redbirds


No, not that Yankees owner. Not Hal or Hank Steinbrenner but one of the Yankees minority owners, Peter Freund, has purchased a franchise from the St. Louis Cardinals. Nearly two years about being bought by St. Louis the Memphis Redbirds have a new owner in Freund.

The Memphis Redbirds are a minor league affiliate that plays in the Pacific Coast League (Triple-A) and is just one of the umbrella organizations that makes the St. Louis Cardinals the most profitable team in all of Major League Baseball according to FORBES Magazine. Redbirds GM Craig Unger will remain with the team and will be promoted to president and general manager as a part of the transaction.

The St. Louis Cardinals will maintain a minority ownership stake with the team and the team will remain a Cardinals affiliate going forward, at least that’s the plan now, and will remain in the city of Memphis. This is not unprecedented, just as an FYI, though as Freund also principally owns the Class-A Williamsport Crosscutters (Philadelphia Phillies minor league team in the New York-Penn League) and the Charleston Riverdogs in Low-A for the Yankees.


What does this mean to us and the New York Yankees in general? Absolutely nothing, don’t fret. Just a nice little nugget of information I figured I would pass along thing morning. Enjoy and have a great day!

Sunday, March 6, 2016

Bloomberg: 1% Share of New York Yankees is For Sale!


According to Bloomberg you, anyone reading this, can be a part-owner in the New York Yankees for the low-low price of just $24 million. The team is worth anywhere from $2.75 billion to $3.25 billion depending on where you read and a minority owner is selling their share, 1% to be exact, on the open market right now. At this time it is not known who is selling their stake in the company but Hal Steinbrenner has once again shot down any rumors of it being anyone in the Steinbrenner family. The Steinbrenner’s are not selling the Yankees anytime soon. Hal’s lips to my blog.


Club 9 is the company handling the sale and for their paperwork purposes they have the team valued at $3 billion. The company then applies a 20% discount to the average cost per percent of the team’s value to come up with their $24 million price tag. Time to cash in your piggie banks Yankees family, let’s buy us some Yankees!

Monday, February 29, 2016

Meet a Prospect: George Steinbrenner

George Michael Steinbrenner III is the final Meet A Prospect post that we will do for Prospects Month on The Greedy Pinstripes. The Boss was born on July 4, 1930 and passed to hang with the baseball Gods on July 13, 2010. George bought the New York Yankees organization in 1973 and held the ownership for 37 years until his death and subsequent transfer of ownership to his sons Hank and Hal, who we also showcased in our Meet A Prospect series this week. George would see the Yankees win seven World Series championships and 11 American League pennants in his tenure as the Yankees owner, the longest tenure in club history. George was not always the "hands on" owner, fiery figure head, and one to meddle in every day operations, drive up players prices, and investigate free agents before signing them. George was not always the one to hire, fire, and re-hire managers at an alarming rate. Let's meet George Steinbrenner before he was known as "The Boss."
George was born in Bay Village, Ohio as the only son of Rita Haley Steinbrenner and Henry George Steinbrenner II. His mother was an Irish immigrant who had her name changed from O'Haley to Haley and his father was of German descent who eventually made his name in the freight shipping business. George III was named after his paternal grandfather, George Michael Steinbrenner II, and had two younger sisters growing up, Susan and Judy. George spent his college years at the Culver Military Academy starting in 1944 and graduated in 1948 only to go back to college to get his B.A. from Williams College in Massachusetts in 1952. George was quite the social butterfly and athlete in school with highlights such as being a member of the Delta Kappa Epsilon fraternity, being a very successful hurdler on the varsity track and field team, played piano in the band, played halfback on the football team his senior year, and served as the field editor for The Williams Record. After college George immediately joined the United States Air Force and was commissioned as a second lieutenant. George would have an honorable discharge in 1954 and would go back to school to complete his masters degree in physical education at Ohio State University.
While at Ohio State George would be the coaches assistant in the year the Ohio State Buckeyes would go undefeated and win the Rose Bowl and National Championship in 1954.George would meet his soon to be wife, Elizabeth Joan Zieg, in Columbus, Ohio in 1956 and would marry and have two sons, Hank and Hal Steinbrenner. They also had two daughters Jessica Steinbrenner and Jennifer Steinbrenner Swindal. In 1957 Steinbrenner would join the Kinsman Marine Transit Company, a company his great grandfather Henry purchased in 1901, and would be rebuilt and revitalized before George would purchase the company a few years later from his family. George would later buy the American Shipbuilding Company and see annual revenue sales soar over $100,000,000. Steinbrenner did not initially use that new found wealth to get into baseball though because his first sports team investment was the Cleveland Pipers of the American Basketball League against the advice of his father. The Pipers would hire the first African American coach in professional basketball in John McClendon and would see an ABL Championship in the 1961-1962 season before the ABL folded in 1962. Steinbrenner paid his debts and took his talents to Broadway briefly in a 1967 play named The Ninety Day Mistress, the 1974 Tony Award nominated Seesaw, and the 1988 Legs Diamond play.
In 1971 George Steinbrenner attempted to buy the Cleveland Indians and failed but would buy the New York Yankees from CBS, with help from investors, in January of 1973. The original sale of the organization was $10,000,000 but the deal included two parking garages that CBS bought back after the deal was final for $1,200,000 making the final total for George and company coming in at $8,800,000. George wasted no time causing controversy and hiring and firing personnel as he went through 20 managers in his first 23 seasons including hiring and firing Billy Martin five times and went through 11 general managers in 30 seasons. George did win two World Series in 1977 and 1978 behind Billy Martin and Reggie Jackson though while the Bronx was Burning. George also ruled with an iron fist creating the policy that all Yankees players, managers, and male executives were forbidden to have any facial hair other than a mustache and Yankees players hair was not allowed to touch the collar of the shirt, which is still the Yankees policy today. George and his policy is the reason that Goose Gossage grew, and still has to this day, the extreme mustache that he has now after George forced Gossage to shave the beard that he was growing in 1983. Don Mattingly was even benched in 1991 after refusing to cut his mullet hair cut that did not fall within Yankees policy which causes a media backlash. Mattingly would not learn from the incident though as he would be back in the Yankees facial hair spotlight as he started to grow a goatee in 1995 and saw Mattingly trim it to just a mustache.
George also caused a ton of talk after handing out Dave Winfield a 10 year contract worth $23,000,000 making him the highest paid player in the game at the time. George bashed Winfield in the 1985 season after a poor September performance calling Winfield "Mr. May" and saying that the Yankees needed a "Mr. September or Mr. November, not a Mr. May." This criticism would cause players like Ken Griffey Jr. to publicly state that he would never play for the New York Yankees because of George Steinbrenner. On July, 30 1990 George was officially banned from the game permanently as far as day to day operations go by MLB commissioner Fay Vincent for paying a gambler to "dig up dirt" on Winfield. Winfield was suing the Yankees because they did not contribute $300,000 to his foundation which was a stipulation of his 10 year contract. These were just some of the reasons that Winfield went into the Hall of Fame as a San Diego Padre and no a member of the New York Yankees. With George out of the game how would baseball, and specifically the Yankees, respond you ask? Keep reading...


George was reinstated back into baseball in time for the 1993 season and it was just in time for the 1994 MLB strike and the beginning of a Yankees dynasty. George was willing to leave the day to day operations to Gene Michael these days and even got behind a Yankees farm system and letting players like Bernie Williams, Derek Jeter, Mariano Rivera, Andy Pettitte, and Jorge Posada to develop rather than be traded for veteran players. George saw this new found patience pay off as the Yankees were in the AL East chase all the way until September before losing the title to the Toronto Blue Jays. The Yankees were also leading the AL East before the 1994 strike wiped all the hard work away, the season, and for the second time ever the World Series. Obviously anyone reading this knows the rest as we saw the Yankees make the playoffs for the first time since 1981 when they were the first Wild Card winner in the 1995 season and saw the Yankees win World Series titles in 1996, 1998, 1999, 2000, and 2009. The Yankees made the playoffs ever year from 1995 - 2009 except for the 2008 season, Joe Girardi's first season, and saw World Series losses in the 2001 and 2003 Fall Classics.


George would officially retire from being the Yankees principal owner and would transfer the day to day operations to his sons, Hank and Hal, in 2006. From 2006 until his eventual death in 2010 George spent most of his time at his home in Tampa, Florida while rarely showing his face at the stadium or giving interviews and sound bites. George did make a special appearance at the 78th Annual MLB All Star Game which was held in Yankees Stadium in it's final season in 2008 in the Bronx. George was wearing dark sunglasses and walked slowly onto the field with the help of many people helping him walk. George would get one last ring in 2009 and was presented with the ring in person by Derek Jeter and manager Joe Girardi on April 13, 2010 in his stadium suite leaving, according to reports, Steinbrenner almost speechless. Steinbrenner, if anyone, deserved this private ceremony as he built the Yankees brand to the first sports team to have a net worth over $1,000,000,000 plus having a $1,200,000,000 television network aptly named the Yankees Entertainment and Sports network, or the YES Network.



George died on July 13, 2010, the same day as the 81st annual All Star Game, at Saint Joseph's Hospital in Tampa due to a heart attack. His death came just nine days after his 80th birthday and just two days after long time Yankees announcer Bob Shepard passed away. The Yankees would wear a patch honoring Steinbrenner and Shepard from July 14th until the end of the 2010 season to commemorate these two Yankees legends. The Steinbrenner family also added a monument in Monument Park to honor their late family member in September of 2010 to honor George. George was buried at Trinity Memorial Gardens in Trinity, Florida. The Boss, Manager George, George Steinbrenner, whatever you call him or known him as you know he will never be forgotten, replaced, or emulated. May George rest in peace now.
We want to take this time to honor and thank George Steinbrenner for everything he did as the owner of the Yankees. If it were not for Steinbrenner the Yankees would not be who they are today, both in class and in championships, and we would not be the site that we are today. The Yankees would not be the financial super power they are today, would not be as respected league wide as they are today, and may have went by the wayside in the 70's and 80's if it were not for the boss. Thank you George and I hope you are reading this from up in Heaven, we love you!

Tuesday, February 23, 2016

Meet A Prospect: Hank Steinbrenner


Henry George "Hank" Steinbrenner III was born April, 2 1957 in Culver, Indiana to parents George and Elizabeth Steinbrenner. Hank is the older son of former Yankees principal owner George Steinbrenner and is currently involved in the day to day operations as owner of the Yankees today. Steinbrenner's little brother Hal is the other half of the Steinbrenner duo that inherited the team when The Boss passed away in 2010 and Hank also has two sisters in Jessica Steinbrenner and Jennifer Steinbrenner Swindall. Henry, or Hank, was named after his grandfather, Henry George Steinbrenner II, who made the family fortune in the shipping business.

From 2007 to the present George Steinbrenner stepped down from the day to day operations of the New York Yankees and the job was left to both Hank and Hal Steinbrenner. It would take until November, 8 of the 2008 season before Major League Baseball owners approved the shift of power to the Steinbrenner Brothers. Hank is more like his father in the fact that he is the more outspoken Steinbrenner brother and is considered to be a bit of a hot head. He also likes to talk without speaking a lot as seen below in this quote from Hank in a 2008 interview:
"Red Sox Nation? What a bunch of bullshit that is...That was a creation of the Red Sox and ESPN, which is filled with Red Sox fans...Go anywhere in America and you won't see Red Sox hats and jackets, you'll see Yankee hats and jackets. This is a Yankee country. We're going to put the Yankees back on top and restore the universe to order."
Hank would receive a Red Sox nation membership card a few days later from Red Sox owner John Henry and also received team newsletters, bumper stickers, pins, Green Monster seats, and a Boston Red Sox hat autographed by none other than David Ortiz. I have to say that is a pretty awesome gesture by the Red Sox and even generated a laugh from a Yankees fan, good work.

Hank has disappeared from the front of the stage in recent years while his brother Hal has taken full control over the team and the organization. Hank was last seen on a gold course smoking cigarettes and about 50 lbs. lighter, no exaggeration. I'm not quite sure what's going on with Hank but I truly wish he's okay both mentally and physically. He's still a Steinbrenner and he's still a Yankee.

Monday, February 1, 2016

The Swindler Has Been Swindled


The New York Yankees owner may have a reason for being “so cheap.” According to documents filed in Chicago federal court by attorneys for a sports memorabilia executive charged with fraud Yankees owner Hal Steinbrenner may have had more than $30,000 stolen from him. According to those same documents the company Mastro Auctions is being accused of something they call “shill bidding” where the bookkeeper taking your bid actually raises the price of the bid to pocket some of the money involved. Call it a bid tax if you will.

Former Mastro president Doug Allen is accused of the shill bidding with Steinbrenner on more than a dozen lots in 2007 and 2008 before Mastro closed its doors in 2009. The court papers do not reveal what Steinbrenner was bidding on but some Mastro Auctions catalogues that have since been turned in as evidence show that Steinbrenner bought thousands of dollars’ worth of unopened packs of late 60’s and early 70’s Topps Baseball cards.

Allen has since pled guilty to wire fraud and is expecting to go before a U.S. District Judge this month to receive sentencing. The government estimated that Steinbrenner had about $35,000 stolen from him through shill bidding while defense attorney’s for Hal state that the Yankees owner loss $2,000 or less. Who knows? Steinbrenner declined to comment.


This is terrible news for Hal, not that he will miss the money by any means, and I hope it gets worked out quickly for him. 

Wednesday, January 13, 2016

Back to my Powerball Dreaming this Wednesday Morning…


So I and around a million other people didn’t win the big Powerball lottery drawing on Saturday that reached to above $900 million in winnings. When I was at my local gas station buying mine I spoke to a man who flew in from overseas, and me being in a hurry I didn’t ask where exactly but I know it was Europe,  just to purchase his ticket and apparently had big plans for the winnings much like I highlighted in my last post regarding it. I outlined how I would add players to the Yankees via free agency and give other players their walking papers but if I win it tonight this time I’m shooting for the moon. With the winnings expected to be well over $1 billion dollars I plan on getting an investment crew together and I plan on buying the New York Yankees.

Obviously this is totally fictional as I’m not going to win the lottery with their 1-in-500 million odds or whatever it is and Hal Steinbrenner is very unlikely to sell off the Yankees. Could you imagine though? So let’s have fun with this “what if.”

The first thing I would do is walk into Hal Steinbrenner’s office and introduce myself. I wouldn’t make an appointment and I wouldn’t stop at his receptionist’s desk. I just won the biggest Powerball in US history, no introduction is needed. I’d have the contract all drawn out and the price and terms would be left blank. Even Hal knows how to fill in the blanks on his own I presume. When a price was agreed upon by myself, the Steinbrenner family and my group of investors I would shake his hand, walk out of his office and the real fun would begin.

I’d start at the top. Pink slips for all. Randy Levine gets the honor of the first but, and I know a lot of people are ready to click off this post now, Brian Cashman can stay. We don’t know what kind of GM Cashman is because he’s never received a chance to do his thing uninterrupted. He has two years left on his deal and I’d let them see it to fruition. I’d also keep Joe Girardi and his staff, albeit with a short leash, because I don’t want to see anyone necessarily lose their jobs. 

At the bottom I would immediately lower ticket prices and parking pass prices. Would they go back to how cheap they were in the old Yankee Stadium? I doubt that’s feasible but the stadium would return back to the fans regardless when I am the owner. Suits don’t cheer and they don’t deserve to be in the ballpark if they aren’t a fan. 


The fans would take back the Yankees and the Yankees organization would have to once again answer to the fans… and all because of a little two dollar ticket I bought at my local gas station. You’re welcome. 

Friday, November 20, 2015

This Day in New York Yankees History 11/20: Moose Retires



On this day in 2008 Mike Mussina officially announced his retirement following his first 20 game winning season. Moose spent 10 years with the Baltimore Orioles before spending his last eight seasons with New York. Moose finished with a 270-153 record with a 3.68 ERA combined in his soon to be Hall of Fame career.

Also on this day in 2008 the 35 year run of George Steinbrenner being the owner of the New York Yankees officially ended as the MLB owners unanimously approved of his sons, Hank and Hal Steinbrenner, taking over the Yankees. George, with his failing health, appointed his sons as the chairmen of the team in 2007 before this was made official.

Monday, November 9, 2015

Most Popular Article of the Week: Donald Trump Wants to Own the New York Yankees

"You kidding me Amare? You're fired!"

Yes, please!


According to recent reports Donald Trump, the billionaire businessman and Republican Party Presidential hopeful, wants to own the New York Yankees. Trump grew up in New York City and made his millions in the greatest state, in my humble opinion, in the United States and would like to return there if he could land an ownership role in any sports team.


George Steinbrenner and Trump were known associates, business partners and friends and the similarities don’t stop there. Heads would roll when the team didn’t make the postseason in two consecutive years and player contracts would be eaten when they were no longer useful. Trump would own, run and manage the team like the $3.5 billion powerhouse that it is.


Trump would do is smart though, in my opinion. He wouldn’t be a tyrant, he would just do whatever was necessary to turn a profit. Trump understands the added revenue, attendance, merchandise sales and the growth to the brand that comes with the playoffs and would basically demand that the team make it there every season. He would also give Brian Cashman the power he had from 1998-2009 along with a blank check.


Trump was just asked a question and he answered it, he isn’t seriously considering making a run at buying the team and there is no speculation that the Steinbrenner family is interested in selling. This is the offseason and it’s time to dream and that’s what I did with this article, hopefully it’s taken that way by the reader. Enjoy as we dream about the return of the GREEDY Pinstripes.

Friday, November 6, 2015

Donald Trump Wants to Own the New York Yankees

"You kidding me Amare? You're fired!"

Yes, please!

According to recent reports Donald Trump, the billionaire businessman and Republican Party Presidential hopeful, wants to own the New York Yankees. Trump grew up in New York City and made his millions in the greatest state, in my humble opinion, in the United States and would like to return there if he could land an ownership role in any sports team.

George Steinbrenner and Trump were known associates, business partners and friends and the similarities don’t stop there. Heads would roll when the team didn’t make the postseason in two consecutive years and player contracts would be eaten when they were no longer useful. Trump would own, run and manage the team like the $3.5 billion powerhouse that it is.

Trump would do is smart though, in my opinion. He wouldn’t be a tyrant, he would just do whatever was necessary to turn a profit. Trump understands the added revenue, attendance, merchandise sales and the growth to the brand that comes with the playoffs and would basically demand that the team make it there every season. He would also give Brian Cashman the power he had from 1998-2009 along with a blank check.


Trump was just asked a question and he answered it, he isn’t seriously considering making a run at buying the team and there is no speculation that the Steinbrenner family is interested in selling. This is the offseason and it’s time to dream and that’s what I did with this article, hopefully it’s taken that way by the reader. Enjoy as we dream about the return of the GREEDY Pinstripes. 

Thursday, March 19, 2015

Derek Jeter Hints at Wanting to Own MLB Team Again


Derek Jeter has always kind of hinted at wanting to own a Major League baseball franchise and also flirted with the idea of purchasing part of the Buffalo Bills as recently as this offseason. Jeter once again hinted towards wanting to be an owner of an MLB team this week when he was asked while promoting his trip to Japan this weekend to host a charity baseball game with Hideki Matsui. More on that a little later in the day but the nugget I took from that is Jeter still seems genuinely serious and interested in owning a MLB franchise one day.

Jeter’s exact quote when asked about owning a team was:


"I need to get away from (baseball) for a little while," Jeter said at a press conference. "I've been doing it professionally for 23 years, at this moment now I'm not thinking about getting back in the game. My ultimate dream is to one day own a team but that's in the future."