The New York Yankees have World Series aspirations and are hoping to sign Juan Soto to a long-term deal, but owner Hal Steinbrenner warns that the club might be cutting some corners.
\"I\'m gonna be honest, payrolls at the levels we\'re at right now are simply not sustainable for us financially,\" Steinbrenner said at the owners\' meeting. \"It wouldn\'t be sustainable for the vast majority of ownership [groups], given the luxury tax we have to pay.\"
The Yankees have a payroll in excess of $300 million this season, which puts them deep in luxury-tax territory.
However, they have nearly $100 million coming off the books this offseason.
