State Of The Budget: 12/3/13

Well, there goes the budget. The Yankees just went nuts and paid $169 million for Ellsbury, as well as grabbing McCann for $85 million. The Winter Meetings haven’t even arrived yet!

So on one hand, the budget is still doable, it’s tough but doable. On the other, maybe this was a bluff the whole time. Like 2008, the team looks ready so spend, and the free agent market is full of quality players. Maybe they figured that this was the offseason to spend big, and the $189 million claims were their way of gaining an upper-hand on unsuspecting teams.

Here’s what we’re working with so far.

1- C: Brian McCann (5/$85MM) $17.000MM
2- 1B: Mark Teixeira (8/$180MM) $22.500MM
3- 2B: Dean Anna (Min) $0.511MM
4- 3B: Kelly Johnson (1/$3MM) $3MM
5- SS: Derek Jeter (1/$12.81MM) $12.810MM + $7.000MM Bonuses
6- LF: Jacoby Ellsbury (8/$169MM) $21.175MM
7- CF: Brett Gardner (Arb 3) $4.000MM
8- RF: Alfonso Soriano (8/$136MM) $17.000MM
9- DH: Vernon Wells (7/$126MM) $18.000MM
10- BN: Brendan Ryan (1/$2MM) $2.000MM
11- BN: Eduardo Nunez (Min) $0.511MM
12- BN: Ichiro Suzuki (2/$13MM) $6.500MM
13- BN: Francisco Cervelli (Arb 1) $1.000MM
14- SP1: CC Sabathia (5/$122MM) $24.400MM
15- SP2: Ivan Nova (Arb 1) $2.800MM
16- SP3: David Phelps (Min) $0.511MM
17- SP4: Adam Warren (Min) $0.511MM
18- SP5: Michael Pineda (Min) $0.511MM
19- CL: David Robertson (Arb 3) $5.500MM
20- RP: Shawn Kelley (Arb 2) $1.500MM
21- RP: Preston Claiborne (Min) $0.511MM
22- RP: Dellin Betances (Min) $0.511MM
23- RP:
24- RP: Vidal Nuno (Min) $0.511MM
25- RP: Cesar Cabral (Min) $0.511MM

Total: $170.384MM

40-Man Roster

26- SP: Manny Banuelos (Min) $0.040MM
27- SP: Nik Turley (Min) $0.040MM
28- SP: Brett Marshall (Min+) $0.080MM
29- SP: Jose Ramirez (Min) $0.040MM
30- SP: Shane Greene (Min) $0.040MM
31- SP Jose Campos (Min) $0.040MM
32- RP:
33- RP: David Huff (Min+) $0.080MM
34- RP: Bryan Mitchell (Min) $0.040MM
35- C: Austin Romine (Min+) $0.080MM
36- C: Gary Sanchez (Min) $0.040MM
37- C: J.R. Murphy (Min) $0.080MM
38- OF: Ramon Flores (Min) $0.040MM
39- OF: Zoilo Almonte (Min+) $0.080MM
40- OF: Slade Heathcott* (Min) $0.040MM

Total: $0.84MM

Final Calculations
Total Roster Owed: $170.464MM
Cash Considerations: -$13MM (From Cubs for Soriano), -$18MM (From Angels for Wells)
Player Benefits: $12MM
Cushion For Non 25-Man Players: $3.5MM

Current Budget Owed: $154.964MM

Current Budget Remaining: $34.036MM

So the Yankees still have $37 million left to figure out second base, third base, and the rest of their pitching staff. This obviously doesn’t include Rodriguez. I don’t think $189 million is happening.

UPDATE (12/4/13): Looks like the Yankees will agree to a $3 million deal with Kelly Johnson. I’ve added those figures as well. Just $34 million left. Also, if there’s any confusion over the calculations, please refer to the original budget post, which has the details for the 15 40-man roster players, the cash considerations, and minimum salaries.

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Mike is the co-Editor-in-Chief of It's About The Money. Outside of blogging baseball, Mike is also a musician, a runner, and a beer lover.

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