It is no secret that the New York Yankees are one of the wealthiest teams in sports history. As of 2025, they have a payroll of $319 million.

Despite the numbers and the history, their owner, Hal Steinbrenner , the son of George Steinbrenner, won't acknowledge the franchise's profitability, per Bryan Hoch of MLB.com. Specifically, Steinbrenner mentioned a yearly expense the franchise has to pay to New York City.

“I don't want to get into it, but that's not a fair statement or an accurate statement, he said. “Everybody wants to talk about revenues. They need to talk about our expenses, including the $100 million expense to the City of New York that we have to pay every February 1, including the Covid year. So it all starts to add up in a hurry.”

As of now, the Yankees

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