The Yankees have been called many things in the past decade by different people: Cheap. Cost Effective. "Smart Baseball". Is this still the case?
The perception of the New York Yankees being "cheap" over the last decade can be attributed to several factors, though whether this is a fair characterization depends on the context and specific areas of their spending.
While they have made strategic financial decisions, including attempts to stay under the luxury tax threshold, their overall spending remains among the highest in MLB. The perception of being "cheap" likely stems from specific expectations and comparisons rather than a reflection of their actual financial outlays.