The baseball team’s disappointing season seems to prove a study that theorizes that clubs whose budget is spent on a handful of big salaries are less competitive.
The 2023 New York Yankees paid $278 million for their worst season in a generation. Now, Yankees management must figure out how to turn around one of the most expensive failures in modern sports history.
For a team long committed to the idea that money can buy superstars and success, it’s an uncomfortable position.
For decades, big market teams have made a habit of outspending the smaller guys for talent, and often winning because of it. Yet nothing is guaranteed.
This year, the three top-spending franchises—tthe New York Mets, the Yankees, and the San Diego Padres—ffailed to make the playoffs. Injuries, bad team chemistry, and individual declines in performance are among the reasons why cutting big checks didn’t work.
