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George Steinbrenner and The Truth About the MLB Money Flood

Don SpielesCorrespondent INovember 3, 2016

When a group of investors led by George Steinbrenner bought the New York Yankees in 1972, so began a new era in baseball: the Money Flood Era.  It was two years after that Catfish Hunter was released from his contract with the Athletics and was picked up by Georgie and the Yankees for $2.85 million over four years.

That amount almost laughable now, but at the time is was an unheard of salary.  So began the steady climb of salaries that Alex Rodriguez thanks God for every time he kneels down before bedtime.

 

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