While the economy continues to look grim, and many baseball teams are cutting back on salary, the Yankees apparently did not get the memo. The Yankees have already signed the highest free-agent pitcher contract of all time in CC Sabathia and Pitcher A.J. Burnett. Today the Yankees made another move signing 1st baseman Mark Teixera.
Now it looks more and more each day like the Yankees are getting closer and closer to signing Future hall of fame outfielder Manny Ramirez. While the Yankees are making all of these moves, no other team has increased salary by more than $8 million from last season.
While a spread the wealth mentality is not an idea the Yankees like, many owners around the league are going to fight for it, and a salary cap is very likely within the next five to 10 years in Major League Baseball.