Yankees settle with 6, on track to get under tax threshold

NEW YORK — The Yankees reached one-year contracts with their remaining six players eligible for arbitration, leaving their projected luxury tax payroll at $177 million — $20 million below the threshold.

Shortstop Didi Gregorius agreed at $8.25 million Friday, pitcher Sonny Gray at $6.5 million and setup man Dellin Betances at $5.1 million. Also reaching deals were relievers Adam Warren ($3,315,000) and Chasen Shreve ($825,000), and backup catcher Austin Romine ($1.1 million).

New York’s luxury tax payroll rose to $149,927,500 for 15 players with agreements, and the projected total is well under the $197 million tax threshold. The projection includes $10 million for the rest of the 40-man roster, $14,044,600 for benefits and a $3 million charge for cash transactions: a $5.5 million payment to Houston as part of the Brian McCann trade, a $500,000 payment to San Diego as part of the Chase Headley deal and a $3 million credit from Miami as part of the Giancarlo Stanton acquisition.

Yankees owner Hal Steinbrenner has vowed to end the team’s streak of 15 straight years of paying tax. If New York gets under the threshold, its base tax rate would reset from 50 per cent to 20 per cent in 2019 — better positioning the Yankees to pursue next off-season’s free agents, who could include Bryce Harper, Manny Machado and possibly Clayton Kershaw.

Gregorius established career bests with a .287 batting average, 25 home runs and 87 RBIs, hitting mostly fourth through sixth in the batting order. He made $5.1 million.

Grey was acquired from Oakland for three prospects at the July 31 trade deadline and went 4-7 with a 3.72 ERA in 11 starts for the Yankees. He finished 10-12 with a 3.55 ERA in 27 starts overall and made $3,575,000.

Betances lost to the Yankees in arbitration last winter and was awarded $3 million rather than his request for $5 million. After the decision, Yankees President Randy Levine said “five million dollars goes to elite closers, people who pitch the ninth inning and have a lot, a lot and a lot of saves.”

Betances filled in for suspended closer Aroldis Chapman last April and made his fourth straight AL All-Star team but struggled with his mechanics and control late in the season and was relegated to a …read more

Source:: Sportsnet.ca


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