Hal Steinbrenner admits its difficult for Yankees most teams to compete with Dodgers spendin
The owner of the Yankees says most baseball owners cannot financially compete with another ownership group. In an interview with YES Network that aired Tuesday night, Hal Steinbrenner looked at the Frank Robinson Jersey powerhouse Dodgers who beat the Yankees in the World Series and then added several significant pieces to blow away the rest of the sport financially and acknowledged other ownership groups can only peer up at the Guggenheim Partners, who control the Dodgers. Its difficult for most of us owners to be able to do the kinds of things that theyre doing. Well see if it pays off, Steinbrenner told Meredith Marakovits. They still have to have a season relatively injury-free for it to work out for them. Its a long season as you know, and once you get to the postseason anything can happen. Weve seen that time and time again. Hal Steinbrenners Yankees reached the World Series in 2024. Charles Wenzelberg / New York Post After knocking off the Yankees in five games with a roster that had added Shohei Ohtani for $700 million and Yoshinobu Yamamoto for $325 million, the Dodgers have added , and as an international amateur free agent, among others. Explore More Before the expected signing of Kirby Yates, which is not official, the Dodgers are running a 2025 payroll for luxury tax purposes that is around $370 million, according to FanGraphs. The next highest spenders in MLB hover around the highest Competitive Balance Tax threshold of $301 million: the Phillies ($308 million), Yankees ($303 million) and Mets ($294 million), according to FanGraphs projections. Los Angeles Dodgers pitcher Blake Snell stands for a photo during a news conference on Dec. 3, 2024, in Los Angeles. AP The Yankees are routinely among the top spenders in the sport, but they no longer are the far-and-away top spender. The Dodgers who have made deferred payments a habit and are believed to be making a fortune on the busine s that is Ohtani led baseball with a payroll of about $353 million last season. Executive Vice President and General Manager of the Los Angeles Dodgers Brandan Gomes, left, poses with left-handed reliever Tanner Scott and Andrew Friedman president of baseball operations right, at an introduction news conference at Dodger Stadium in Los Angeles on Thursday, Jan. 23, 2025. AP Steve Cohens Mets ($347 million) were second and Steinbrenners Yankees third ($316 million). The this offseason on a record 15-year, $765 million pact in a sweepstakes in which the Yankees finished second. The Yankees have responded by spending plenty in bringing in Max Fried, Cody Bellinger, Paul Goldschmidt and Devin Williams, but they are seemingly conscious of the final rung of the luxury tax thresholds. I think we have a better team right now than we did a year ago today, Steinbrenner said. Pete Rose Jersey
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