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Hal Steinbrenner Recasts Yankees Finances, Says Payroll Should Come Down

He pointed to large off‑field expenses, with openness to a cap tied to a floor, drawing sharp media pushback.

Overview

  • Steinbrenner said it is not accurate to claim the Yankees profited in 2025, citing a $100 million annual payment to New York City and heavy spending on scouting, player development and performance science.
  • He described lowering payroll as ideal after a 2025 outlay reported between roughly $301 million and just under $305 million, with a projected $62 million luxury‑tax bill.
  • The Yankees owner said he would consider a salary cap if paired with a “reasonable” salary floor, a stance framed by some outlets as groundwork ahead of future CBA talks that run through December 1, 2026.
  • Column pieces questioned the return on the club’s sizable development and analytics spending, pointing to a string of stalled prospects and limited recent impact from the pipeline.
  • Radio host Mike Francesa criticized the remarks as poorly timed and challenged claims about profitability, as broader coverage revisited the team’s frequent luxury‑tax payments over the past two decades.