The CBT has increasingly become an issue for Yankees owner Hal Steinbrenner. As it stands, the Yankees are a fourth-time CBT payor and expected to pay north of $43 million in luxury tax, according to Cot’s Baseball Contracts.

New York Yankees owner Hal Steinbrenner admitted that "it's difficult" for MLB team owners to compete with the Los Angeles Dodgers' spending, but also believes his team is better than it was at this time last year.

The Yankees were valued at $7.55 billion by Forbes, the fourth-most valuable sports franchise in the world, ahead of the Dodgers.

Jon Heyman of the New York Post is reporting that Tommy Kahnle is close to a deal with the Detroit Tigers, as the New York Yankees have seemed to move on from

The New York Yankees' bullpen will look a lot different this coming season, especially after losing a familiar face. On Wednesday, right-handed relief pitcher T