Tex goes to the Bronx

[ZB9]

Re: Tex goes to the Bronx

What an absolute disgrace, joke, and/or sham. They're making a mockery out of Major League Baseball.

I hope they find a way to go completely bankrupt and vanish from the world of sports.

the Yankees have been outspending everyone in MLB for around 80 years now. It's certainly not a new development.

[Misfit]

Re: Tex goes to the Bronx

Do the Yankees have to foot that entire $800 MM bill in one shot? How does that work?

I saw one argument that if they can shell out $400 MM in one offseason then they can pay $800 MM for their stadium.

But, that $400 MM is being spread out over 8 years. That makes it more financially possible to payout. I can't see the Yankees being able to afford $800 MM for a stadium in one year.

Then again, I asked because I don't know how that works out. If it were something that was spread out over 20 years then they should have no issues.

Its pretty much all done through bonds with the government. The Yankees will owe taxes on half of it and interest as well, though I don't know if the details of these bonds are available. As in, how much interest do the Yankees have to pay back for these loans, if any, or if they'll just be taxed on half of it. The Yankees will likely make a monthly payment for many years so no, they won't pay out 800 million up front.

And no, the Yankees truly had no leverage in this scenario. The team would never move out of the city for the fan outrage would be enormous. They also, if forced to, could afford a new stadium without public funding. If the Patriots can afford to do it, I'm sure the Yankees can. I don't be-grudge them for looking into getting a little help from the local government, but to throw money around at players and repeatedly go back to the city during these economic times for more public financing is more than tactless.

[CoRruPt-]

Re: Tex goes to the Bronx

The system is so broken right now.

When only the Tigers and Yankees are paying the luxury tax, you know something is wrong.

I don't mind the uncapped salaries so much, but please, 2 teams out of 32 paying the tax, the MLB might as well just scrap the luxury tax because basically all of it is coming out from the Yankees. The Tigers only pay something like ~$2M in taxes with a 160MM payroll. That's ridiculous.

Teams that want to spend needs to be hit hard. Anything >100MM should be taxed dollar-for-dollar and anything >150M 2-for-1.

Unfortunately this isn't going to be solved overnight. If MLB ever gets a cap, the players would've went on strike and a season would be scrapped. I don't think that'll happen for a long time.

[slickdtc]

Re: Tex goes to the Bronx

The system is so broken right now.

When only the Tigers and Yankees are paying the luxury tax, you know something is wrong.

I don't mind the uncapped salaries so much, but please, 2 teams out of 32 paying the tax, the MLB might as well just scrap the luxury tax because basically all of it is coming out from the Yankees. The Tigers only pay something like ~$2M in taxes with a 160MM payroll. That's ridiculous.

Teams that want to spend needs to be hit hard. Anything >100MM should be taxed dollar-for-dollar and anything >150M 2-for-1.

Unfortunately this isn't going to be solved overnight. If MLB ever gets a cap, the players would've went on strike and a season would be scrapped. I don't think that'll happen for a long time.

Everyone is arguing for that now. But when the season starts, all that crap disappears and then we just get down to playing the games. If the Yankees win, everyone will cry for a cap. If they don't win, everyone will say the system is fine. There's no winning. Nothing is going to change. It's baseball, remember? They waited until this year to finally put in a form of replay.

[Knight165]

Re: Tex goes to the Bronx

M.K. I will not argue about the cities financial situation. I know 1st hand, I work in Non-Profit & we depend on City Tax $ to help provide services to the clients we serve. Due to the deficit we will have to cut down on services meaning some of my co-workers will not have jobs @ the end of this budget cycle (June 09) but the reality is Wall Street/Stock Market is really the main cause of the budget cuts thru-out the state. Could collecting taxes on these stadiums help with the budget deficit. Yes, but more than likely we would still be in a deficit & services would still have to be cut.

Personally I think people would've been more pissed (including myself) if the city fully financed the stadium for both the Yanks & Mets. As for the Yankee spending as a Yanks fan I have no problem with it because they are putting the $ they make back into the team.

No matter what thought M.K. I hope WE make it thru these tough times & NYC comes together to help ease the burden we are facing now & in the coming years..

Happy Holidays to you & yours

I agree with you there Joe....
I'm sorry I didn't respond before the holiday...I was working yesterday and today....so I hope you and everyone here had a Happy Holiday!
Let's hope we can have better times in '09 and just continue to improve from year to year!

M.K.
Knight165

[Speedy]

Re: Tex goes to the Bronx

Tex is an awesome player but he's been shuffled thru a lot of teams the past 2 years - Texas, Atlanta, LAA and finally NYY. I understand Boras is the driving force but I think his character might be lacking a bit...I lost a lot of respect for him after his less than classy departure from Atlanta.

[raidersbball20]

Re: Tex goes to the Bronx

The Yankees are going to be unstoppable this year, and unstoppable online

[TheMatrix31]

Re: Tex goes to the Bronx

Tex is an awesome player but he's been shuffled thru a lot of teams the past 2 years - Texas, Atlanta, LAA and finally NYY. I understand Boras is the driving force but I think his character might be lacking a bit...I lost a lot of respect for him after his less than classy departure from Atlanta.

Less than classy departure?

[jpup]

Re: Tex goes to the Bronx

Less than classy departure?

Yeah, damn him for being traded. That's crazy.

[bigfnjoe96]

Re: Tex goes to the Bronx

I agree with you there Joe....
I'm sorry I didn't respond before the holiday...I was working yesterday and today....so I hope you and everyone here had a Happy Holiday!
Let's hope we can have better times in '09 and just continue to improve from year to year!

M.K.
Knight165

NP, M.K. as for my holiday it went very well. Got to spend some time with my grand dad who may not have many more holidays. That 4 me was the best gift I could receive.

[CMH]

Re: Tex goes to the Bronx

Tex is an awesome player but he's been shuffled thru a lot of teams the past 2 years - Texas, Atlanta, LAA and finally NYY. I understand Boras is the driving force but I think his character might be lacking a bit...I lost a lot of respect for him after his less than classy departure from Atlanta.

Teixeira was traded for reasons similar to most; those teams took advantage of his quality bat to either win a division or collect prospects.

[Speedy]

Re: Tex goes to the Bronx

Less than classy departure?

I watched nearly every single Braves telecast I could this past year. When Teixeira left for the angles, they did an interview with him right when he got to LA clubhouse and he was throwing off his former teammates....As I said, he's a wonderful player but seeing him play pretty much a full season's worth in Atlanta, he just didn't seem like a team player to me.

[jetercanoturn2]

Re: Tex goes to the Bronx

I can't wait to see him in Pinstripes. A switch hitting, consistent, hitter with more pop then a coke can and a gold glover and the most important quality of any (Yankee) "Clutch"

[SoxFan01605]

Re: Tex goes to the Bronx

I can't wait to see him in Pinstripes. A switch hitting, consistent, hitter with more pop then a coke can and a gold glover and the most important quality of any (Yankee) "Clutch"

lol...clutch? I didn't think Tex was particularly clutch. He doesn't step up his game when it counts and isn't known as "the one guy you want up" when it counts. Still, he doesn't drop off much from his normal play, so he's clearly not a scrub in the clutch either.

In the end, I guess it doesn't matter. He's an excellent player and should help the Yankees out quite a bit (obviously). From what I understand he just didn't want to play for or live in Boston under any circumstances which worked out well for the Yankees. We'll see how it works out.

[jetercanoturn2]

Re: Tex goes to the Bronx

Well I didn't mean for you to interpret that as Billy Martin clutch lol. But he's not near Billy Buckners level of choking either. Just playing with you Soxfan