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| 27th December, 2008 - 6:49 pm | Yahoo! - The Yankees believe that all of baseball benefits when they field a strong, highly-paid team.
"The philosophy of George Steinbrenner, which has been continued by Hal and Hank, is that the Yankees are a sacred trust to their fans and they believe in continually reinvesting in the team rather than reinvesting in themselves," team president Randy Levine said Wednesday. "We follow all the rules of baseball, we pay millions of dollars to other teams and we are essential to the revenues generated by Major League Baseball and its networks and other entities."
The Yankees have already spent $423.5 million this offseason on CC Sabathia, A.J. Burnett and Mark Teixeira.
The rest of MLB has only shelled out $296.6 million thus far.
"We are usually in the top of road attendance and we get some of the highest television ratings, both when we play national games and when we visit other teams," Levine said. He said if the Yankees' new stadium, which will be ready for the 2009 season, allows the team's revenue to increase, then "so will the revenues of the rest of the game." [READ] |
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