We have done these types of posts multiple times this winter
and throughout the spring, but this time may be the FINAL time this offseason
that we take an in-depth look at the payroll. All the major contracts have been
signed and all the players that are going to be extended likely have been by
now, so let’s take a look at the Yankees payroll heading into the 2019 season.
Guaranteed 2019 Contracts (AAV in
Parenthesis)
Giancarlo
Stanton -
$26 million ($25 million)
13-year
deal worth $325 million with a full no-trade clause, an opt-out clause after
the 2020 season, and a 2028 team option worth $25 million with a $10 million
buyout. Stanton also receives $50,000 for each All-Star appearance, Silver
Slugger Award and Gold Glove Award. Stanton also receives $100,000 per MVP
Award and $500,000 for each World Series MVP Award achieved throughout the
contract. If Stanton does not opt-out after the 2020 season the Miami Marlins
will retain $30 million in Stanton’s salary.
Masahiro
Tanaka -
$22 million ($22,142,857 million)
Seven-year
deal worth $155 million with a full no-trade clause.
Jacoby
Ellsbury -
$21,142,857 million ($21,857,143 million)
Seven-year
deal worth $153 million including a team option for the 2021 season worth $21
million and a $5 million buyout. Ellsbury also contains a full no-trade clause
written into his contract.
Aroldis Chapman - $15 million plus $2.2 million signing bonus ($17.2 million)
Five-year
deal worth $86 million including an $11 million signing bonus paid in equal
increments ($2.2 million) annually throughout the length of the contract.
Chapman has an opt-out clause after the 2019 season and a full no-trade clause
through 2019. Chapman has a modified no-trade clause for 2020 and 2021 if he
does not exercise his opt-our clause that keeps him from being traded to a West
Coast team.
JA
Happ -
$17 million ($17 million)
Two-year
deal worth $34 million including a vesting option for 2021 worth $17 million if
Happ pitches 165 IP or makes 27 starts in 2020.
Zack
Britton -
$13 million ($13 million)
Three-year
deal with an opt-out after two years if the fourth-year team option and player
option is not picked up by the club after the second year. The contract could
be anywhere from two-years and $26 million, three-years and $39 million if the
fourth-year option is declined but Britton does not opt-out, to four-years and
$53 million. Britton will also receive $1 million if he is traded any time
throughout the contract.
DJ
LeMahieu -
$12 million ($12 million)
Two-year
deal worth $24 million
Adam Ottavino - $9 million ($9 million)
Three-year
deal worth $27 million including a $3 million signing bonus.
CC
Sabathia -
$8 million ($8 million)
One-year
deal worth $8 million
Brett
Gardner -
$7.5 million ($7.5 million)
One-year
deal worth $7.5 million
Troy
Tulowitzki -
$555K ($555K)
One-year
deal worth $555K (remaining salary paid by the Toronto Blue Jays) with a full
no-trade clause.
Aaron Hicks - $6 million ($10 million)
Seven-year deal worth $70 million with a $2 million signing bonus
spread out in equal increments over the next seven seasons with a club option
for the 2026 season worth $12.5 million and a $1 million buyout. Hicks also has
a trade assignment bonus of $1 million if he is traded and does not have a
no-trade clause written into his contract.
Luis Severino - $4 million ($10 million)
Four-year
deal worth $40 million with a $2 million signing bonus and a club option for a
fifth year worth $23 million with a $2.75 million buyout.
Total: $163,397,857
million ($173,255,000 million)
All salaries via Spotrac.com
Pre-Arbitration 2019 Salaries – Valued at $555K
each (waiver options in parenthesis)
Albert
Abreu (3)
Domingo
Acevedo (3)
Chance
Adams (3)
Miguel
Andujar (2)
Luis
Cessa
Thairo
Estrada (3)
Clint
Frazier
Domingo
German
Chad
Green
Joe
Harvey
Ben
Heller
Kyle
Higashioka
Jonathan
Holder (2)
Aaron
Judge
Jonathan
Loaisiga (3)
Jordan
Montgomery
Gary
Sanchez
Stephen
Tarpley
Gleyber
Torres (3)
Luke
Voit (3)
Tyler
Wade
Total: $11,655,000
million (21 players x $555K each)
Without
waiver options for the Minor Leagues the players without a waiver option by
their name cannot be sent down to Triple-A without first clearing waivers and
cannot be sent down without their consent.
All
courtesy of Spotrac.com
2019 Contracts for
Arbitration-Eligible Players (MLBTR Projections in Parenthesis)
Dellin
Betances (Arb
3) – $7.125 million ($6.4 million)
Greg
Bird (Arb
1) – $1.2 million ($1.5 million)
Didi
Gregorius (Arb
4) – $11.75 million ($12.4 million)
Tommy
Kahnle (Arb
2) – $1,387,500 million ($1.5 million)
James
Paxton (Arb
3) – $8.575 million ($9.0 million)
Austin
Romine (Arb
3) – $1.8 million ($2.0 million)
Total: $31,837,500 ($32.8 million)
Retained Salaries per Spotrac
Brett Gardner – $2 million buyout of his 2019 team
option
Alex Rodriguez – $4 million in deferred salary
Total: $6 million
The Final Tallies
2019 Total Yankees
Salaries As of 1/12/19
$229,890,357 million
2019 Luxury Tax
Threshold According to MLB.com
$206 million
According to
Fangraphs and Spotrac you have to include an extra $17 million to your luxury
tax to cover medical expenses, travel expenses, minor league contracts etc.
according to the Collective Bargaining agreement. Either way, the Yankees are
over the luxury tax threshold.
For teams that are exceeding the
luxury tax threshold for the first time, which the Yankees are after resetting
their penalties by getting under the luxury tax threshold last season, the
penalty for every dollar spent over the $206 million luxury tax threshold is a
20% penalty up to $20 million. To use even numbers, for every $10 million the
Yankees go over the threshold the team must pay an extra $2 million to the
league in penalties, obviously meaning $20 million would force the team to
incur $4 million in penalties. If the team exceeds $20 million over the cap,
but spends under $40 million over the luxury tax threshold, the penalty grows to
32% after a 12% surtax. Exceeding $40 million over the cap penalizes a team
62.5% (42.5% surtax on top of initial 20% tax) on every dollar as well as
costing the team 10 places in the Rule 4 MLB Draft. The top six picks are
protected, but a team with a 7th overall pick or later would
see their highest selection in the MLB First Year Players Draft moved back 10
places. If your team falls in the top six of the MLB Draft, which the Yankees
do not, they would see their second highest pick in the draft moved back by 10
places instead.
Estimated Yankees tax bill for 2019 - $3,678,500
#CHEAP
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Sorry for the Capatcha... Blame the Russians :)