In tough economic times, three sources of investment can speed up a sluggish economy: personal, commercial and government. However, in the rough economic waters of the modern baseball landscape, only one group appears poised to lift their fellow boats: the New York Yankees.
Thursday, virtuoso AP scribe Ronald Blum wrote that the 3.6 percent increase in the average Major League salary “was the smallest since 2004, when the average declined 2.5 percent from the previous season.” Clearly the national GDP isn’t the only growth that’s stalled.
Blum also notes that while the Yankees maintained their spot atop the Major League payroll mountain, their “average of $6.86 million [per player] was down from a record $7.47 million last year.”
So while the Yankees’ recent spree of offers sounds like a six-year-old reading the Toys R’ Us catalogue — I want that one and that one and that one — or preppy Freshman girls reading the orientation facebook — I want a CC and an A.J. and a Mark and a Bobby and a Derek — their strategy of not just beating the offers of their competitors but blowing them away by $40 million, is actually a calculated strategy to raise the average Major League salary back to pre-recession levels. The Yankees are doing their part to save the economy.
Now you get out there and max out those credit cards, just like Uncle Hank. That’s change redistribution we all can believe in.







