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  1. #1
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    Yankee Brass Notifies Agents- No Multiyear Deals

    According to Tim Briwn of Yahoo, inquiring agents have been notified that the Yankees will not offer any contracts beyond this season in an effort to curtail significant spending for 2014. The Yankees only need to be under the $189m luxury tax threshold for that one season to avoid the significant jump in luxury penalties.


    If this is legit, I guess we need to get ready for a dull offseason of one year scrap heapers.
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    BREAKING NEWS: Sources tell me it's official. We stink.

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    The Yankees have approached Tori Hunter with only a one-year deal. So if the Dodgers or others are willing to go to two years, the Yankees probably aren't going to be signing Hunter unless a trade freeing up payroll precedes the deal.
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    Quote Originally Posted by leoharris View Post
    The Yankees have approached Tori Hunter with only a one-year deal. So if the Dodgers or others are willing to go to two years, the Yankees probably aren't going to be signing Hunter unless a trade freeing up payroll precedes the deal.
    to be honest this is a good thing, i'm happy to hear this. It's only one year we have to be under.
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    Quote Originally Posted by leoharris View Post
    The Yankees have approached Tori Hunter with only a one-year deal. So if the Dodgers or others are willing to go to two years, the Yankees probably aren't going to be signing Hunter unless a trade freeing up payroll precedes the deal.
    Austerity measures are in effect...
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    I don't get how one year deals helps the team get under the budget for 2014 anyway. Unless they plan on throwing a ton of minor leaguers out there no matter what.

    Next offseason the Yankees will have holes at C, 2B, SS, RF, CF, DH, #2, #3, #4 starters if they stick to one year deals for everyone. That'll be fun to try and handle while also staying under the budget.

    Not saying they should be giving a Hunter or Ichiro two years, but if theres a younger guy they like they shouldn't be worried about giving more than one year.

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    this is great to here no bad contracts will be handed out for the Yankees. there are alot of guys looking to rebuild their value so this could be a blessing in disguise for the Yankees

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    If the way I understand the loophole in the luxury tax is correct, it's the smart play by the yanks.

    I believe that 2014 represents the 5th year in a row ( or something like that) that the Yanks would be over the threshold. If they do stay over, the tax penalty skyrockets to 50% or some crap......if they go under for only one year, it drops to like 14% for the next five.

    My numbers are probably off, but that's the general gig.

    Hence, a HUGE deal to be under $189m in 2014.
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    I'm fine with this. It opens up flexibility for us to talk about trades and ways the Yankees can improve on the cheap.

    Outfielders like Ichiro Suzuki, Scott Hairston, Juan Rivera, Reed Johnson, Jason Bay, and Grady Sizemore are names to consider because they just became realistic targets.

    Reclamation project pitchers like Dallas Braden, Scott Baker, Fausto Carmona, Joe Blanton, or Tim Stauffer all seem to fit the bill. ( Carl Pavano and Javier Vazquez are also Free Agents )

    And in the bullpen, I'm upset if this takes us out of the Joakim Soria sweepstakes but a lot of relievers will look to rebuild value and take one year deals, so no harm or foul done there.

    Last year, Ibanez and Chavez were one year deals and they contributed in big ways. I'm perfectly fine with this mentality if it means a big 2013-2014 Offseason. This is a weak market anyway.
    Last edited by DerekJeterDan; 11-10-2012 at 09:11 PM.

  9. #9
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    Quote Originally Posted by leoharris View Post
    If the way I understand the loophole in the luxury tax is correct, it's the smart play by the yanks.

    I believe that 2014 represents the 5th year in a row ( or something like that) that the Yanks would be over the threshold. If they do stay over, the tax penalty skyrockets to 50% or some crap......if they go under for only one year, it drops to like 14% for the next five.

    My numbers are probably off, but that's the general gig.

    Hence, a HUGE deal to be under $189m in 2014.
    It is not a loophole. The system was designed that way, but your interpretation and numders are wrong.

    By resetting the penalty in 2013, the Yankees will pay 22.5% tax in 2014 if they exceed the threshhold. For starters, that is a substantial number. Second, if they go over again within that five year window it jumps to 30% and then 40% if they go over a third time from 2014 to 2018.

    Basically, to avoid additional penalties of 30 and 40%, the Yankees can only go above the threshhold once every 5 years.

    Im not 100% sure my interpretation is correct...but Im 98% sure. Ive researched this on 3 occassions.
    Last edited by Dugmet; 11-11-2012 at 05:51 AM.
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    Quote Originally Posted by Dugmet View Post
    It is not a loophole. The system was designed that way, but your interpretation and numders are wrong.

    By resetting the penalty in 2013, the Yankees will pay 22.5% tax in 2014 if they exceed the threshhold. For starters, that is a substantial number. Second, if they go over again within that five year window it jumps to 30% and then 40% if they go over a third time from 2014 to 2018.

    Basically, to avoid additional penalties of 30 and 40%, the Yankees can only go above the threshhold once every 5 years.

    Im not 100% sure my interpretation is correct...but Im 98% sure. Ive researched this on 3 occassions.
    I think it's the opposite. They only have to be under once every five years to avoid that giant tax hike.
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    Quote Originally Posted by leoharris View Post
    I think it's the opposite. They only have to be under once every five years to avoid that giant tax hike.
    Tell ya what. Here is a decent summary on Fangraphs. Read it over and see what you think.

    The Yankees have paid the luxury tax every season since the tax’s inception. In 2011, the Yankees’ tax rate was 40% — the highest possible rate under the previous CBA. That means the team’s tax rate in 2012 is 42.5% and will be 50% in 2013. But if the Yankees keep payroll below $189 million in 2014, it not only avoids the tax that season, but it also lower the team’s luxury-tax rate for 2015 to only 17.5%. That’s right, avoiding the luxury tax for just one year re-sets a team’s tax rate to the lowest under the CBA. Even for the Yankees, the difference between a 50% tax rate and a 17.5% tax rate is significant.

    So, for example, if a team’s payroll for 2012 was $185 million, that team would be taxed on $7 million ($185 million – $178 million). But what’s the tax rate? That depends. The rate is tied to a team’s luxury tax history. If the team wasn’t assessed a tax in the prior season, then the tax rate is 20%. If the team paid the luxury tax in 2011 at a 22.5% rate, then the tax rate for 2012 is 30%. A 30% luxury tax rate in 2011 would yield a 40% rate for the same team in 2012. And a 40% luxury tax rate in 2011 would mean a 42.5% rate in 2012. For the seasons 2013 through 2016, the initial rate goes down (from 20% to 17.5%), the 30% and 40% tax rates stay the same and the 42.5% rate shoots up to 50%.
    Based on everything I read. It's a simple rate progression. You can reset it, but it will climb annually if you exceed the threshold. I won't argue this is conclusive. I have not read anything that clarifies it 100%. It makes a lot of sense to hit the reset button, but the monkey climbs back on and takes a 5-year ride up the hill with you if you stay over.
    "The 90 wins is about challenge. It's about changing the conversation. It's about framing questions for ourselves as to how we get there. So I stand by the notion that we need to get better, and in doing so we need to set concrete goals for ourselves so that we have sort of specific conversations among ourselves about how we're going to get there." -- Mr. Alderson

  12. #12
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    Quote Originally Posted by Dugmet View Post
    Tell ya what. Here is a decent summary on Fangraphs. Read it over and see what you think.



    Based on everything I read. It's a simple rate progression. You can reset it, but it will climb annually if you exceed the threshold. I won't argue this is conclusive. I have not read anything that clarifies it 100%. It makes a lot of sense to hit the reset button, but the monkey climbs back on and takes a 5-year ride up the hill with you if you stay over.
    Good find. That's basically what I meant. If they reset every five years, they save that 33%.

    Heck, if I was Hal I'd mandate that we never go over $189m. I mean, it is just throwing away loot.
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  13. #13
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    Quote Originally Posted by leoharris View Post
    If the way I understand the loophole in the luxury tax is correct, it's the smart play by the yanks.

    I believe that 2014 represents the 5th year in a row ( or something like that) that the Yanks would be over the threshold. If they do stay over, the tax penalty skyrockets to 50% or some crap......if they go under for only one year, it drops to like 14% for the next five.

    My numbers are probably off, but that's the general gig.

    Hence, a HUGE deal to be under $189m in 2014.
    so we are going to do this eveyr five years basically?
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    I love everyone agreeing with the Yankees staying under $$189 million.. I don't know my exact feelings yet, I'm still trying to get used to it actually, but I do know one thing.. The large majority of you who agree with the Yankees now being financially "smart" will be *****ing the second we don't make the playoffs.

    It's simple we have about $110 million dedicated to 6 players... This team isn't going to get much better with these 1 year contracts. Also don't forget we are stuck with some of these players for a longgg time... Looks like tomorrow will be a lot like today.



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    Quote Originally Posted by pear1jamten View Post
    I love everyone agreeing with the Yankees staying under $$189 million.. I don't know my exact feelings yet, I'm still trying to get used to it actually, but I do know one thing.. The large majority of you who agree with the Yankees now being financially "smart" will be *****ing the second we don't make the playoffs.

    It's simple we have about $110 million dedicated to 6 players... This team isn't going to get much better with these 1 year contracts. Also don't forget we are stuck with some of these players for a longgg time... Looks like tomorrow will be a lot like today.
    It's a TON of money if we're not under the cap for that one year. But we can do that without being stupid.

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