The New York Yankees spending spree

By jackdboards

It’s fairly obvious at this point that the U.S is knee deep in economic crisis. The recession continues, but most people want to believe we have hit rock bottom. Millions of Americans are losing their jobs, cash flow, and way of life. The crisis has affected major professional sports as well. The AFL has been suspended for the entire 2009 season. All professional sports franchises are cutting back on employees and costs. Less and less fans can afford to attend these high priced sporting events and are finding new ways to entertain themselves. Before the economic these sporting events were escapes for people who wanted a distraction to take them away from their everyday jobs and normal mundane activities. Now these sporting events seem arbitrary and ridiculous, when so many people are suffering financially. However, there is still one sports franchise in America that maintains its high prices and confident negligence of spending funds. The New York Yankees continue spending money like the economic crisis was merely a speed bump, that they have already passed over. This offseason has been very important for the Yankee organization and it’s millions of fans. The Yankees moved out of Yankee stadium into a new billion dollar state of the art facility, that apparently requires an offensively high pay-roll. After missing the playoffs for the first time in more than a decade the Yankees have answered back with a vengeance. They signed three of the five highest profile free agents of this off season. C.C Sabathia, A-J Burnett, and Mark Teixera were signed to contracts that added up to a sum of over 300 million dollars. Adding to a roster that already was the highest paid team in baseball. While the rest of us are scraping by to survive, the Yankees are lavishly spending money without the slightest hesitation. Whats even more absurd are the ticket prices the Yankees are offering for their brand new stadium. There are some seats that they are charging over 2,000 dollars a game! I know the Yankees are expected to play for a championship every year, but buying one just because you can is ridiculous.

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