Legal - Baseball Wiretap

Randy Levine: 'Unfair' Yankees Pay More Than Mets In Revenue Sharing

Mar 26, 2016 3:13 PM

Randy Levine believes the MLB's current revenue-sharing system is unfair as the New York Yankees pay considerably more than the New York Mets.

The MLB's current CBA expires on Dec. 1st.

"What is very burdensome to us -- and is unfair -- is the amount of money we have to pay in revenue sharing compared, for example, to teams in our market that pay 10 times less than us," Levine told Fox Sports. "Hopefully that is something that will get looked at in the next labor agreement."

 

The Yankees' estimated payroll in 2015 was $211.75 million -- the second highest in the majors behind the Los Angeles Dodgers -- while the National League champion Mets had MLB's 10th-lowest payroll at $94.76 million.

Levine told Fox Sports that the Yankees paid approximately $90 million in revenue sharing for the 2015 season. The Yankees also paid $26.1 million in luxury taxes because their 2015 payroll was above baseball's $189 million threshold, raising their total to $297.97 million in tax payments since the system began in 2003.

ESPN

Tags: New York Mets, New York Yankees, Legal

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Chapman In Process Of Becoming U.S. Citizen

Mar 7, 2016 7:59 AM

Days after receiving a 30-game suspension for violating MLB's domestic violence policy, new Yankees closer Aroldis Chapman has said he is seeking United States citizenship, according to a report.

"I am in the process right now," Chapman told The New York Post on Friday.

Chapman said he started the process last year but has yet to know when it will be completed.

ESPN.com

Tags: New York Yankees, Legal, Misc Rumor

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Hal Steinbrenner Has No Intention Of Selling $3.2B Yankees

Mar 4, 2016 1:01 PM

Hal Steinbrenner says the New York Yankees are not for sale and he'd like the club to remain with the family for generations to come.

"I think all of us feel that way," Hal Steinbrenner, the youngest of George Steinbrenner's four children told ESPN in a wide-ranging interview this week in his office at the spring training facility that bears his father's name.

"This is a family business and we're all involved," he said, referring to siblings Hank, Jennifer and Jessica. "We all love being a part of this. We all know our dad wanted us to be a part of us, and we all know he's watching down on us and happy that we're all a part of it. Believe it or not, to us, that's a big deal. The idea is, let's keep it going."

A syndicate headed by George Steinbrenner purchased the Yankees in 1973 for $8.3 million, some $5 million less than the previous owner, CBS, had paid for it nine years earlier.

 

The Yankees are now worth $3.2 billion.

Wallace Matthews/ESPN

Tags: New York Yankees, Legal

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