New York Yankees have conducted business during this offseason under a mandate from principal owner Hal Steinbrenner. The team's payroll must be under the $189 million luxury tax threshold for 2014.
As ESPN's Jayson Stark explains, the Yankees have exceeded the luxury tax three times since the penalty was established in 2003. If the Yanks go over that $189 million limit for 2014, they'll be taxed 50 percent on every dollar spent beyond that threshold.
With the directive to limit payroll, the Yankees and general manager Brian Cashman have been surprisingly quiet this offseason. In past years, pursuing top free agents like Josh Hamilton and Zack Greinke or making a trade for Justin Upton would have been a given.
Instead, the Yankees ...
Read Full Article at Bleacher Report - New York Yankees
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