What does $500 million plus get you when you go on a shopping spree in Major League Baseball you ask? According to PECOTA 2014 it will get you 82 wins, one game above .500, and a third place in the American League East. SEE HERE for yourself from Baseball Prospectus.
Here is the AL East:
Tampa Bay Rays (89-73)
Boston Red Sox (88-74)
New York Yankees (82-80)
Toronto Blue Jays (80-82)
Baltimore Orioles (77-85)
It is also worth mentioning that teams like Los Angeles Angels, Texas Rangers and the Seattle Cano's would all be ahead of us in the hypothetical second Wild Card race. Ouch.
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Sorry for the Capatcha... Blame the Russians :)