{"id":304346,"date":"2025-11-24T19:22:08","date_gmt":"2025-11-24T19:22:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/304346\/"},"modified":"2025-11-24T19:22:08","modified_gmt":"2025-11-24T19:22:08","slug":"new-york-yankees-owner-hal-steinbrenner-declines-to-say-he-supports-salary-cap-but-might-support-salary-floor","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/304346\/","title":{"rendered":"New York Yankees owner Hal Steinbrenner declines to say he supports salary cap but might support salary floor"},"content":{"rendered":"

NEW YORK (AP) \u2014 New York Yankees<\/a> owner Hal Steinbrenner declined to say Monday whether he favors a salary cap proposal in the next collective bargaining agreement but reiterated he might support a salary floor.<\/p>\n

\u201cI don\u2019t feel like I\u2019m in position right now research-wise, knowledge-wise to answer that question,\u201d Steinbrenner said in a video conference from Tampa. \u201cWe\u2019ll always be among the highest payroll-wise. We always have been. We always will be.\u201d<\/p>\n

In February, Steinbrenner said he might support a salary cap proposal as long as it contains a provision mandating minimum payrolls. MLB has had a luxury tax in place since 2003 but is the only one of the four major U.S. professional leagues without a salary cap.<\/p>\n

\u201cSomething that would be reasonable enough that it would improve competitive balance significantly in the sport,\u201d Steinbrenner said when asked about a possible salary floor. \u201cMany fans already argue it\u2019s not been enough. I think we made strides the last 10 years in some of the things we\u2019ve done but as an industry probably not near where we need to be, at least that\u2019s what the majority of the fans believe and there\u2019s a number of ways to attack.\u201d<\/p>\n

At the end of the regular season and not including contract bonuses, the Yankees had a $301 million payroll and projected luxury tax bill of $62 million. The Yankees had Major League Baseball\u2019s highest payroll for 15 straight years through 2013 but have not led in payroll since then, though they have paid the luxury tax in 21 of 23 seasons for a total of more than $500 million.<\/p>\n

The crosstown Mets signed Juan Soto<\/a> to a record $765 million, 15-year contract after his only season with the Yankees and missed the playoffs with a $340 million payroll and a luxury tax of $89 million.<\/p>\n

The Dodgers won their second straight World Series by beating the Toronto Blue Jays<\/a> in seven games and ended the regular season with a $341.5 million payroll and a luxury tax bill of $168 million \u2014 and that did not include the $6.5 million signing bonus for Roki Sasaki<\/a> on a minor league contract.<\/p>\n

Six of the 12 postseason teams have payrolls of $200 million or more, with the Boston Red Sox<\/a> about $500,000 short of the mark.<\/p>\n

Since 1995 when expanded playoffs began, 22 teams won a World Series ranked in the top 10 in Opening Day payroll. Since the Yankees last won a title in 2009, only four teams won a World Series ranked in the top three of payroll: the 2018 Red Sox, and the 2020, 2024 and 2025 Dodgers.<\/p>\n

Baseball\u2019s collective bargaining agreement expires Dec. 1, 2026, and management lockouts have become the norm, which shifts the start of a stoppage to the offseason. During the last negotiations, the sides reached a five-year deal on March 10 after a 99-day lockout, salvaging a 162-game 2022 season that was delayed by a week.<\/p>\n

A management salary cap proposal could contain a salary floor and a guaranteed percentage of revenue to players. Baseball players have endured nine work stoppages, including a 7 1\/2-month strike in 1994-95 that fought off a cap proposal.<\/p>\n

The Yankees retained Trent Grisham<\/a> after he accepted the $22 million, one-year qualifying offer. Grisham was among a record four players to accept along with Detroit second baseman Gleyber Torres<\/a>, Chicago Cubs<\/a> left-hander Shota Imanaga<\/a> and Milwaukee right-hander Brandon Woodruff<\/a>.<\/p>\n

The Yankees are expected to make an aggressive bid to retain Cody Bellinger<\/a>, who was paid $27.5 million last season.<\/p>\n

The Cubs sent $5 million to the Yankees when they traded Bellinger and the versatile outfielder batted .272 with 29 homers and 98 RBIs under the first of two player options as part of an $80 million, three-year contract.<\/p>\n

\u201cWould it be ideal if I went down (with our payroll)? Of course,\u201d Steinbrenner said. \u201cBut does that mean that\u2019s going to happen? Of course not. We want to field a team we know we believe could win a championship.<\/p>\n

\u201cIt just hasn\u2019t changed which is why payrolls have gone up probably every year. It doesn\u2019t mean they won\u2019t go slightly down one year and then up the year after that. It all depends on what\u2019s out there and what the possibilities are and how much I feel we\u2019re able to or we need to pull the trigger on those possibilities.\u201d<\/p>\n

___<\/p>\n

AP MLB: https:\/\/apnews.com\/hub\/mlb<\/p>\n

Larry Fleisher, The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 New York Yankees owner Hal Steinbrenner declined to say Monday whether he favors a…\n","protected":false},"author":2,"featured_media":304347,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[435],"tags":[49,48,462,82],"class_list":{"0":"post-304346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mlb","8":"tag-ca","9":"tag-canada","10":"tag-mlb","11":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/304346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=304346"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/304346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/304347"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=304346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=304346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=304346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}