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01/04/2009 05:21 AM ID: 75964 Permalink   

Yankees Pay Players Too Much, Need Taxpayers to Pay Off Stadium

 

In a staggering move by the New York Yankees, the tax payers of New York are being asked to pony up $259 million in tax-free bonds and an additional $111 Million dollars in traditional financing to finish their new stadium.

This news of course comes after the Yankees decided to buy 223 million dollars worth of players for this years roster. Forbes reported that last year the Yanks actually lost 47 million dollars.

Some New Yorkers are wavering from their diehard fanship when faced with such a new tax. Especially one that comes at such a shaky time in the American economy, one has to ask, is this really the time for a baseball tax?

 
  Source: www.nypost.com  
    WebReporter: mrmarler Show Calling Card      
  Recommendation:  
ASSESS this news: BLOCK this news. Reason:
   
  18 Comments
  
  Gah  
 
Oh fricking please if you can buy your supposed dream team then don't ask the tax payers to pay for it. Should have kept the old stadium then asshole.
 
  by: TaraB     01/04/2009 06:06 AM     
  Hmmm  
 
I still don't see why they would need taxpayer help for the stadium though. If they operate at a loss they can use it to their advantage when it comes time to share profits among the league teams.I really think George is just losing it big time as he gets older. You can buy good players but it doesn't automatically make them a good team.
 
  by: arkan351   01/04/2009 07:06 AM     
  Yeah  
 
and his son is right there next to him. You know thats why I like the Patriots(yes football not baseball I know) they find the ones that are under the radar and bring out the abilities. Cassell and Welker are 2 that come to mind right away.

Big money doesn't always equal Big Talent
 
  by: TaraB     01/04/2009 07:09 AM     
  WTF???????????  
 
Please excuse me, all, I must now go and shake my head for a while and see if I can find a way to speak to this topic without being banned from this site forever.

@sport fans: STOP worshiping these people!! Those of you who buy these overpriced tickets and garbage trinkets with your favorite "team's" logo are financing this lunacy.

OK, rant over.... let the flames begin!

BB
 
  by: bbeljefe     01/04/2009 08:16 AM     
  If the tax payers are going to pay for the stadium  
 
I think we should get free tickets to at least one game. I can’t afford $50 to see a game yet I’m supposed to shell out my hard earned money for what? Nothing! FU Yankees! I ‘used’ to be a Yankee fan, operative word ‘used’. They are pulling this same sh!t here in Minnesota with the Vikings. Give us something for our money, FREE TICKETS. I wouldn’t even call them ‘FREE’ because we have already paid for them. Why is it the rich think they are entitled to 'free money' from the poor? I think it should be the other way around.
 
  by: valkyrie123     01/04/2009 02:53 PM     
  Just like that crappy athletic fee  
 
they were considering for my college. I don't care about sports, I don't eant to go to the games, and I don't care if they make it to the sugar bowl. Why should I pay for it.
 
  by: Jaded Fox     01/04/2009 03:20 PM     
  Wow!  
 
I'm speechless.

Why not enforce a pay cut for all these extremely over paid players.
 
  by: greatwarrior1   01/04/2009 08:55 PM     
  I'm in favor of paying this tax  
 
If all the players agree to play naked. At least everyone will get a genuine laugh for watching the games. About all they are worth, to me.
 
  by: white albino   01/04/2009 09:26 PM     
  Ridiculous!  
 
There is a sizeable population that won’t attend or otherwise pay patronage to these types of events, as in they care nothing for sports nor sport affiliated events. Why must those people suffer with a largely unnecessary tax? Give your already overpaid players LESS MONEY if you can’t afford it, don’t buy more players and pay them more.
 
  by: vash_the_stampede     01/04/2009 09:34 PM     
  Professonal sports are a joke  
 
Criminals and drug-addicts get paid millions upon millions in contracts and endorsements to do what many people would do for free. It is not about the love of the game, and is instead a sideshow of a popularity contest. Teams are businesses, and the majority of the players are not from the areas they represent. I do not support professional sports in any way, shape, or form. I do support college sports, but even THAT attitude is changing.

Football, baseball, basketball, etc. are keeping Americans lazy, fat and ignorant while they watch millionaires play a game. NOBODY should get paid millions of dollars to throw a god damned ball around.
 
  by: Mr. Wright     01/05/2009 12:52 AM     
  @Mr Wright  
 
preach it brother.

Sports and cars... destroying america since the 1900's!
 
  by: mrmarler     01/05/2009 01:57 AM     
  Over Paid and they Under Play  
 
I am a Marlins Fan and our team won 2 series with a payroll of less than 50 million, last year we where in 1 place for weeks and our payroll was less than 20 million. Our payroll is 1 Yankee player.
 
  by: thedrewman   01/05/2009 05:41 AM     
  @valkyrie123  
 
"Why is it the rich think they are entitled to 'free money' from the poor? I think it should be the other way around. "

It's called Capitalism. Okay, you can go ahead and flame me too. Haha :)
 
  by: blac   01/05/2009 08:21 AM     
  @ blac  
 
Actually, that'd be socialism for the wealthy. Just because the rich get richer doesn't make it capitalism -- people just like to hide behind unfair economics, calling it 'capitalism', instead of calling it what it really is: rich people getting in over there heads and begging for handouts.
 
  by: velger   01/05/2009 08:18 PM     
  If wasn't for  
 
pro sports, all of these assholes would be selling crack on the corner. And you people who pay $100 or more to watch them are just pathetic.
 
  by: elzorro   01/05/2009 10:33 PM     
  @article  
 
Professional athletes do get paid WAY too much, I do agree on that.
But do you know how many people are willing to pay for the new stadium? The small businesses operating around it. Why? Because the new stadium will bring business to them which could end up paying for the new tax or lost moneys. Build a stadium for a popular team and boost the economy. Is it right to ask the tax payers? Not really.
The Yankees were always the team to fined because they go over their league cap for money they can pay to players. But they pay the fine and keep going season to season doing the exact same thing. So them overspending is not anything new but now with the economy the way it is, maybe not the best decision to make with the money considering the loss suffered last season.
Hmm over spending, asking for money from taxes... sound familiar? **BAIL OUT**
 
  by: lanicus   01/06/2009 06:07 AM     
  @thedrewman  
 
A Marlins fan,heh? Aren't they the Red Sox Farm team? I heard the Red Sox want Hanley Ramirez back. :)
On another note, do you still think your boss is so smart? Does he still think Matt Cassel sucks? 11-5 Patriots! hmmmm, not bad!
 
  by: juniorbob   01/06/2009 02:55 PM     
  HA  
 
I am so glad I do not live in NY I would tell them to go F%^* themselves! I am not responsible for your stupid mistakes even with all those players you still lose!
 
  by: rogeratvfan   01/07/2009 05:40 PM     
 
 
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