“It’s about, to me, being fiscally responsible,” he said. “I know everybody looks at our attendance and our revenues and all that. But you also have to look at our expenses — $100 million a year in revenue sharing; we pay for every dollar of the debt service on the bonds that build the stadium, which doesn’t cost the taxpayers anything. We pay it every year. We have significant expenses along with those significant revenues, believe me.” – Hal Steinbrenner
Last spring, Steinbrenner said that he was looking to the team’s younger pitchers — Manny Banuelos, Dellin Betances and Michael Pineda among them — to develop. Thus far, their returns have been minimal, but Steinbrenner said he remains hopeful that the progress of the Yankees’ prospects can help their financial objectives.
“In order to achieve that goal, these young players have to step up and get the job done,” Steinbrenner said. “How many World Series-winning teams the last 10 years had a payroll over $189 [million]? One. You don’t have to have a $200 million payroll to do that. And I’m a big believer in that.
I guess what he wants us to believe is that it’s complicated. Well, it’s not that it’s complicated, it’s that it is very complicated. Please understand that is really very complicated. Believe in that.