$20-Million

The Yankees had eight arbitration cases and they settled all of them. From Chasen Shreve getting 800k to Didi getting ten-times that, the payroll is ow set. The final number is a little over $20-million under the luxury tax threshold.

So what happens now? Barring another trade of salary, the Yankees probably only want to spend a portion of that figure. They will want to leave room for possible in-season trades. That probably means they won’t be players for any of the big name free agents. Remember that it is the annual average value of a contract that is used for luxury tax calculations, so signing a player and backloading the contract doesn’t make a difference. I suspect it will allow Todd Frazier to return on a one-year deal if he is agreeable to that.