Cost Of Yankees Acquisition Examined

from National Public Radio
December 26, 2008

There appears to be no economic slowdown in the front office of baseball's New York Yankees. Earlier this week, it capped a $423.5 million spree by signing coveted first baseman Mark Teixiera. Sportswriter Stefan Fatsis says the Yankees reduced last year's payroll by more than $88 million, giving the team budget room. "They have massive cash flow," he says.

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