We like to complain a bit here at It’s About the Money about how the Yankees are taking in huge mountains of our money and not putting enough of it on the field. Obviously, baseball is a business (if a weird one that isn’t 100% about maximization of profits; many owners care more about winning than the bottom line), and the owners of baseball teams deserve to make money. That’s why teams that make less revenue spend less on payroll for the most part. Yankee fans don’t expect the Steinbrenners to go broke for the Yankees. I do think they expect to spend in proportion to the revenue the bring in.
Graph: The Yankees Are Underspending on Payroll
