Teixeira signing fallout wide-ranging
Posted: Friday, December 26, 2008 3:23 PM
The Yankees' pre-Christmas strike to land Mark Teixeira impacts teams, players (especially someone named Manny) and fans. Let’s take a look:
THE FANS: If you are a fan of the Yankees how can you be upset with the trio of CC Sabathia, A.J. Burnett and Mark Teixeira wearing pinstripes? Wednesday’s New York Times outlined the ticket prices for the new Yankee Stadium. The cheapest seat in the second deck is $40. That’s the left-field foul pole against Kansas City on a Monday night in May at $40 per ticket.
How do the Yankees make sure those seats stay filled? How do the Yankees make sure telecasts of their games on the regional sports network they own deliver strong ratings which lead to top-dollar ad buys despite the serious downturn economically? The answer: provide value.
It has long been held that the entertainment industry weathers well bad economic times but those new prices the Yankees are charging will test that belief. The Yankees are following the philosophy that value is more important in lean times. And a fan buying a Yankee Stadium ticket knows the chances are great that he or she will get their money’s worth.
RED SOX: They have the money to pay Teixeira, they had the need for him but they didn’t close the deal. The easy verdict is to say the Red Sox need a bat to replace Manny Ramirez, yet they were one game from the World Series last season. General manager Theo Epstein made the sensible comment about looking at every decision in both the long and short term and his track record commands faith. The owner publicly wailed about the Yankees spending but how much sympathy could a team generate when its payroll is $140 million?
MANNY RAMIREZ: Were those recent stories about the Yankees’ reported interest in giving Ramirez a three-year, $75 million deal planted in a Dominican Republic newspaper? The Yankees were seen as the fallback for Ramirez but now the Yankees are out of the picture. The Angels say they are out and so the Dodgers seem to stand alone in having an interest in Ramirez. Unless another team arises, the Dodgers hold the leverage over Ramirez and his agent Scott Boras. And how is Ramirez going to get the minimum three-year deal needed to save face after the disgraceful way he forced a trade from the Red Sox last July?
NATIONALS: Where do they turn after losing out on Teixeira? Their pursuit of him marked the first run they have made at a signature player but Teixeira never appeared to take them seriously. Signing Daniel Cabrera won’t do much to excite fans.
BREWERS: The Brewers not only got stung when CC Sabathia signed with the Yankees, they got stung again when the Angels lost Mark Teixeira to the Yankees. That’s because Teixeira’s free-agent rating in the Elias Sports Bureau rankings was slightly higher than Sabathia so under the rules of compensation for teams losing Class A free agents the Angels get the Yankees’ first-round pick in the June 2009 draft while the Brewers get the Yankees’ second-round selection. The compensation for both teams also includes each getting a sandwich pick between the first and second rounds. All of what’s gone with the Yankees and their doling out $423.5 million on three players has Brewers owner Mark Attanasio calling for a salary cap.
ANGELS: Getting the Yankees’ first-round pick in June’s draft is of little consolation for the loss of Teixeira as the Angels spent less on 2008 draftees than any MLB team as their player development has slowed. Angels owner Arte Moreno has been stellar in his stewardship of the club but has yet to receive an October reward. Teixeira was supposed to change that. Now the Angels’ ledger is tilted with more losses (Teixeira, Francisco Rodriguez, Garret Anderson and Jon Garland) than gains (re-signing Juan Rivera). They Angels are in the hunt for free-agent closer Brian Fuentes and reports have them making a play in the trade market for Jake Peavy. But there is work ahead for this team to maintain its dominance atop the AL West.
ANDY PETTITTE: Following the signing of Teixeira, there’s much speculation that the Yankees may pull their one-year, $10 million offer that Pettitte has yet to accept. The team is well insulated against any negative backlash. But why would this $10 million really matter to the Yankees? Their revenue sharing payment will drop with the write off of many costs associated with the opening of the new Yankee Stadium.
REST OF THE AL EAST: Baltimore’s bid for Teixeira, a Maryland native, failed but the Orioles’ rebuilding is just beginning to show progress. Tampa Bay has shown no willingness to budge from its plan. Then there is Toronto. They have tried to play with the big boys, finishing ahead of Boston in 2007 and spending big to keep Vernon Wells but they must feel like baseball’s Sisyphus. How much patience can Toronto have with the current system?