FanPost

Yankee's Revenue

If anyone is interested in wrapping their brains around some massive numbers - from SI.com article (http://sportsillustrated.netscape.cnn.com/ns/sports/storymain.jsp?number=1d&floc=sp-main-1-l1)

The team's revenue that season [2002] was about $223 million. Almost 44% ($98 million) came from the 3.5 million people filling the seats at Yankee Stadium. Payroll was $141 million. Corporate sponsors like Adidas, Anheuser-Busch and JP Morgan Chase kicked in a total of $30 million, which is about 13% of the team's total revenue.

In 2001, the Yanks made about $58 million off television contracts. The team likely wasn't satisfied with that, because it started its own cable channel. It's a move that industry insiders estimated would triple the team's television income. Team officials did not respond to my request for detailed financial data.

By my attendance, that means the Yanks annual revenue stream should be about $320-$340m

Attendance ~$100m
TV ~$150-170m
Sponsors $30m
Other $40m

If this is close to accurate, when you factor in revenue sharing and the luxury tax, the Yanks have to be very close to leaving the black, with their payroll topping $200m and roughly 80% of it guaranteed through at least 2006, it'll be interesting to see how much noise they make this coming offseason.

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