Earlier this week, I wrote about Yankees owner Hal Steinbrenner looking to refinance $1.02 billion dollars worth of debt incurred from the construction of the new Yankee Stadium.
Although the club is worth an estimated $3.4 billion, the cost cutting efforts of the front office have been in effect for the past two offseasons, as a limited number of impactful acquisitions have been felt on the field of play.
Now no one is saying the Steinbrenner family is hurting for money, but the tightening of the bootstraps has way more to do with simply wanting to develop the farm system and finally playing the prospects.