Here are the facts and figures (payroll numbers are as reported in the Biz of Baseball, revenues are from Forbes):
The average payroll in baseball equals 46.4% of average team revenues. So in this sense, the Yankees have an average payroll.
Aren’t statistics fun?
Yes, I understand: the Yankees do not have a small payroll. The truth is, the Yankees have huge revenues. If the Yankees spent revenue on payroll at the same percentage as the Tigers, the Yankees could add another $80 million in player salaries! They could add Ryan Howard, John Lackey, Matt Holliday and Roy Halladay, with money left over.
Scary. The Yankees are actually showing salary restraint?
The numbers also show that the Red Sox have a large payroll. Our neighbors to the north spend aggressively on their 25-man roster.
I’ll close with a statistic about the Red Sox payroll, to match the statistic from Mark Attansio about the cost of the Yankees infield:
- The salaries for five part-time Red Sox players spend more on salaries for five part-time players (David Ortiz, Mike Lowell, Bill Hall, Jeremy Hermida and Jason Varitek) represent more total* money than the Padres spend for their entire team.