- Mike Petriello, ESPN Insider
For just the second time since the 1994 strike, the New York Yankees missed the playoffs, and as you'd expect, they're not taking that setback lightly.
ESPN New York's Andrew Marchand reported that the Yankees are considering a $300 million spending spree this winter to put the team back into contention, while still planning to stay below the $189 million luxury tax threshold they've been working to avoid for years. The last time the Yankees did that, they followed up their 2008 playoff miss with a $423 million offseason run that brought them A.J. Burnett, CC Sabathia and Mark Teixeira -- and helped them win the 2009 World Series.
Of course, part of the reason they're in the situation they are today is because of that 2009 spree. Those three players cost them $64.5 million this year (including the portion of Burnett's contract they're paying for him to pitch in Pittsburgh) and brought them just 2.5 Wins Above Replacement, with Teixeira injured and Sabathia declining. Still, in the short term, that helped them to a championship, and the hope is that they can do it again.
But while $300 million is certainly an impressive number, is it actually enough to propel the Yankees back to glory? Probably not.