April 12, 2021

Yankees Have Over Half A Billion Dollars On Books Past 2020 (MLB Trade Rumors)

2020 salary terms are set to be hammered out in the coming days. But what about what’s owed to players beyond that point? The near-term economic picture remains questionable at best. That’ll make teams all the more cautious with guaranteed future salaries.

Every organization has some amount of future cash committed to players, all of it done before the coronavirus pandemic swept the globe. There are several different ways to look at salaries; for instance, for purposes of calculating the luxury tax, the average annual value is the touchstone, with up-front bonuses spread over the life of the deal. For this exercise, we’ll focus on actual cash outlays that still have yet to be paid.

We’ll run through every team, with a big assist from the Cot’s Baseball Contracts database. Next up is the Yankees:

Yankees Total Future Cash Obligation: $612MM

*Giancarlo Stanton (after 2020) and Gerrit Cole (after 2024) can opt out

*total reflects that Marlins to pay $30MM if Stanton does not opt…

Read “Yankees Have Over Half A Billion Dollars On Books Past 2020” at MLB Trade Rumors