How much does it cost to hold the World Series trophy? Well if you’re the New York Yankees it’s somewhere in the neighborhood of $3.4 billion. Yes that’s billion with a ‘B’.
They may have only spent a league leading $209 million team salary this year, but that figure doesn’t include the past eight seasons where they’ve blown a total of $1.4 billion failing to win the World Series (what do you expect when
your general manager’s name is Brian Cashman). Chip in another $10-12 million a year on an overpaid coaching staff and you start to see where this is headed.
So that’s 1.7 billion, where’s the rest?
Struggling the past few years the Yankees decided to build a new stadium… Errr well it’s not quite a new stadium, it’s a bandbox. 20 games into this season they had already hit 75 homeruns providing the Yankees with one of the most egregious home field advantages in baseball. How bad is it? Well when ESPN’s Peter Gammons calls the new Yankee Stadium “the biggest joke in baseball” you know there’s a problem.
And the price tag on the new digs $1.5 billion. But don’t leave out the $320 million on the parking garage and another $50 million on the demolition of the old stadium.
So enjoy it while it last Yankee fans, you’ve earned it… and uh definitely paid for it.