Following the $100M+ the Red Sox shelled out for Daisuke Matsuzaka last offseason, I – like many Red Sox fans – was besieged with claims from (jilted) Yankees fans that “we were just like them.” That by virtue of that single capital expenditure, we were at once on equal financial footing with the Evil Empire. The media, true to form, picked up on this theme, debating such brain teasers as “would it be as fun to win now,” or “have we sold our souls?” Which obviously, I’ll ignore.
Herculean as my efforts were, however, I was entirely unsuccessful in persuading Yankees fans and good people alike that the two clubs remained quite distinct, in fact, in financial terms.
For while it’s convenient for fans of small market clubs like the A’s and Twins to lump all of the big market teams into a single bucket, the fact remains that we weren’t within hailing distance of the Yankees in terms of payroll numbers (the Matsuzaka posting fee aside, which I’ll get to in a moment). This inclination is understandable, given the respective payroll deltas. According to an AP report today, the gap between our roster and Tampa’s last year, for example, was $123.6, against the $62.9 million the Yankees spent above and beyond our costs.
So how are we different, in light of those numbers? Well, fortunately Allan Wood over at the Joy of Sox answered that question for you this past August:
Meaning you could take the Red Sox’s current payroll, add the salaries of
and still be about $1 million shy of the Yankees’ current payroll.
And that was with a payroll differential of $66M, not $62M.
We spend more than most every other club, it’s true. But please, can we drop the fiction that we’re the same as the Yankees?
Oh, and that monster posting fee which doesn’t get counted against officially reported payroll? Well, amortizing the fee over the 6 year life of the deal, I come out with a figure of $8.5 million per season. A hefty chunk of change for you and me, but not one that alters the above argument meaningfully.