Rumors surfaced that the Yankees were hoping to cut payroll to get below $300 million, and owner Hal Steinbrenner addressed those rumors earlier this week.

“Would it be ideal if I went down 9with the payroll)? Of course,” Steinbrenner told reporters, via SNY . “But does that mean that’s going to happen? Of course not. We want to field a team we know can win a championship, or we believe could win a championship. It all depends on what’s out there and what the possibilities are and how much I feel we’re able or we need to pull the trigger on those possibilities.”

The Yankees ’ payroll finished at $319 million in 2025.

The Yankees last won the World Series in 2009. They returned to the Fall Classic in 2024 but ultimately fell to the Los Angeles Dodgers. In 2025, they were eliminated

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