Apparently this offseason the Yankees have spent a total of $491 million dollars in contracts.
FOUR HUNDRED AND NINETY-ONE MILLION
Because they are spending all of that in 1 season, and not over multiple players over multiple seasons!
Because none of them have opt-outs or performance metrics/incentives to reach those values!
Because there's no luxury tax penalties for spending that money!
Because baseball isn't awash in money from increased attendance, TV/internet deals and licensing deals!
Because none of these deals will result in additional revenue from overseas!
Because none of the currently contracted Yankees will ever come off the books ala Bobby Bonilla, mitigating the impact of these signings!
Anyway, salary cap and salary floor with dedicated 80% spending on player personnel guaranteed, and I'm with it.