Yankees team owner Hal Steinbrenner is making a new pitch to return the team to profitability.
With interest rates hovering near record lows, the team is seeking to refinance more than $1 billion in debt that went toward building Yankee Stadium, which opened in 2009.
Shaving perhaps as much as $10 million annually from the stadium loans could make the team profitable, said a source familiar with the team’s finances.
The Yankees borrowed $1.2 billion to build the stadium.
The annual net debt payment will rise from $73 million this year to $76 million in 2018.