Yankees Spend Another $180 Million

Wretched Excess

Updated Apr. 25, 2017 4:37PM EDT / Published Dec. 24, 2008 3:13AM EST

Duane Burleson/AP

Recession? What recession? The New York Yankees, already owners of the league's highest payroll, are spending like there's no tomorrow, signing free-agent first baseman Mark Teixeira to a $180 million eight-year contract. The Yankees already made waves this off-season by signing pitchers C.C. Sabathia and A.J. Burnett to top dollar contracts, putting their spending this offseason at a mind-blowing $420 million.

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Yankees Spend Another $180 Million

Duane Burleson/AP