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Posted onDecember 20, 2011 - 6:10 am by Admin | 0 Comments

The New York Yankees apparently didn't get the memo that the U.S economy is in its worse condition since the Great Depression. With a new stadium for 2009 and its last World Series title more than five years ago, the Yankees signed five players in the off season for a record $441 million to boost their roster and attendance. This was two and a half times more than the rest of the American League. The Los Angeles Dodgers were number two in spending in Major League Baseball during the off season, committing a paltry $106 million.

The American League's Off Season Spending

Remarkably, the other thirteen American League teams, not including the Yankees, committed only $176 million during the off season. With thirty-seven players signed, that averages just under $5 million per contract. By contrast, the five Yankee players received $88 million per contract. No question the Steinbrenner family, the owners of the Yankees, is looking to buy another championship.

The National League's Off Season Spending

While the sixteen National League teams nearly doubled the spending of the American League at nearly $358 million, they still committed just shy of $100 million less than the Yankees. The NL averaged $6 million per contract, $82 million less than that of the Yankees.


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