Yankees, Cashman Agree To Extension

TUESDAY: The Yankees officially announced Cashman's new three-year deal, tweets Mark Feinsand of the New York Daily News.

FRIDAY: Theo Epstein is gone, Andy MacPhail isn't coming back, and Andrew Friedman appeared to entertain the idea of leaving. But the longest-tenured general manager in the American League East is staying put. The Yankees have agreed to an extension with GM Brian Cashman, according to Jon Heyman of SI.com (on Twitter). The sides agreed to a three-year deal, according to Joel Sherman of the New York Post (on Twitter) and they are waiting for the World Series to end before making any announcements.

The Yankees have won four championships under Cashman, who took over New York's baseball operations department before the 1998 season. The 44-year-old has built playoff teams in 13 out of a possible 14 seasons. MLBTR's Transaction Tracker offers a look back at his many moves. I looked ahead to the Yankees' offseason earlier in the week. Cashman's primary offseason goal will be acquiring starting pitching.


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75 Comments on "Yankees, Cashman Agree To Extension"


Member
chico65
3 years 8 months ago

I’m sure his deal will be befitting, given his surname.

Member
TheLoweDown
3 years 8 months ago

I wonder how he manages to keep going in that pressure cooker in the Bronx. I guess rings help with that.

Member
Steven D
3 years 8 months ago

Well that and him being able to feel comfortable enough to deal with the media and the players day in, day out. I didn’t see him leaving the Yanks. 

Member
NYPOTENCE
3 years 8 months ago

Brining back Cash, great move complementing CC’s signing.

Guest
3 years 8 months ago

Seriously, give me an unlimited payroll to overpay pretty much every FA on the market, and I too could score you playoff teams 13 out of 14 seasons.  

Member
Lunchbox45
3 years 8 months ago

I sincerely doubt that . 

Member
flickadave
3 years 8 months ago

I don’t

Member
Lunchbox45
3 years 8 months ago

you have that much faith in GREGM?

Member
0bsessions
3 years 8 months ago

Don’t you? That dude could get AA to take on Barry Zito’s contract without having to kick in a cent. He’s that good.

Member
MB923
3 years 8 months ago

You’re a Red Sox fan right?

Since you and GREG claim you can put any team together and make it to the playoffs, I’m sure you agreed with this:

Member
chico65
3 years 8 months ago

That’s the Herald for you.  Makes the Daily News look like the NYT in comparison.

Member
Guest
3 years 8 months ago

lol

Guest
3 years 8 months ago

When you have the luxury of guys like Lance Berkman as backups, you generally  have a better chance of making it to the playoffs, yes.

Member
MB923
3 years 8 months ago

Your “argument” is veteran players being a backup? Berkman was injured and had a sub par year in 2010, of course he’s going to be a backup to Mark Texiera

Member
flickadave
3 years 8 months ago

Just because I’m a Sox fan doesn’t mean that I’m a Theo fanboi. I think both Theo and Cashman are REALLY over rated. Theo doesn’t deserve a lot of the credit he gets for 2004 as a lot of that team predates him and he was only partially responsible for signing Schilling and he was parading around in a gorilla suit when Beckett and Lowell were acquired. I won’t even get into all of the horrible FA signings Theo made. Horrible.

That having been said, Cashman and all of the Yankee money he has had to spend can’t get NY more than 1 WS in 10+ years? I still can’t believe that Yankee fans love the guy. They must be getting sentimental in their old ages or something. 

Member
MB923
3 years 8 months ago

Just like every single GM, he’s made good moves and bad moves. Therefore I can see reasons to like them and not to like them. “Only” 1 WS in 10 years, wow. How about you just say 5 titles in 16 years? Know how many fan bases would kill to just even see 1 WS in their lifetime. You and many others should be thankful to see your team have 2, some fans can’t even see 1.

Member
flickadave
3 years 8 months ago

The New York Yankees aren’t just any other team. If they were, I could see you being happy with only winning 1 WS in the last 11 years but you have spent truckloads after truckloads of cash and all you have to show for it is ONE stinkin’ trophy. Cashman inherited a championship caliber team and rode it for all it was worth. You really give Cashman credit for putting together the teams that won the ’98, ’99, ’00 teams? How many of those players were drafted and signed by G. M. Cashman? 

I never said that I wasn’t happy to have seen the Sox win 2 championships. I am. I am also critic enough to see that they didn’t win them because of Julio Lugo. In my opinion, GMs that have a ton of resources and don’t have great success year in and year out are pretty mediocre. Glad you are happy with a GM that wins you ONE championship every 10+ years.

Member
Yankee_Baal
3 years 8 months ago

Sure, just like the Cubs had done every year in the last 14 seasons… right?

Member
monkeydung
3 years 8 months ago

huh?

Member
MB923
3 years 8 months ago

Sarcasm dude. He’s saying not all high payroll teams such as the Cubs (and if I may add on to it, Mets, Dodgers, Angels) are not year by year playoff teams anymore.

Member
monkeydung
3 years 8 months ago

if you doubled the salary of any of those teams (ie – put A-Rod, Tex, and Granderson on the Dodgers) they would be a playoff team every year.

Member
Lunchbox45
3 years 8 months ago

Granderson and Arod were both traded to the yankees..So are you complimenting their ability to draft and develop prospects and then flip them for premium talent?

Member
monkeydung
3 years 8 months ago

yes – i am complementing their ability to draft and develop prospects and then flip them for premium talent while simultaneously paying that premium talent a premium salary and also paying 10 other premium salaries.

Member
MB923
3 years 8 months ago

You can’t guarantee that at all.

Member
Yankee_Baal
3 years 8 months ago

Sol, basically, what you are arguing is that Cashman’s work should be used by other teams? Then, he IS a good GM after all.

Member
monkeydung
3 years 8 months ago

yes – logically – if every other GM had a $200 million budget, then they would be right in following in Cashman’s footsteps to create a good team.

Member
Yankee_Baal
3 years 8 months ago

Yeah, and fill them with Alfonso Soriano, Jason Bay, Carl Crawford, Vernon Wells, John Lackey, Kevin Brown, Brad Lidge, Oliver Perez… Cashman isn’t good just because he has money, he has dodged many mistakes and kept the Albatross-contract factor as low as he could (with the meddling of the Steinbrenner family).

Plus, with the exception of A-Rod’s second contract (again, not Cashman’s fault), the Yankees have NEVER set the market for players. They didn’t give 25 millions to A-Rod in the first place (thanks Rangers), they didn’t give the first 100 million contract to a player (Dodgers with Kevin Brown), they didn’t give the first 200 million contract (it was either Rangers or Red Sox), the Sabathia deal (the first one) was conditioned by what the Mets and Giants paid for Johan Santana and Barry Zito. The second one was conditioned by Cliff Lee’s contract. When they won the Teixeira bid no one thought they had overpaid (the Nats and Orioles made similar offers if I remember correctly) and even if they did, That’s nothing compared to what the Phillies did with Ryan Howard’s extension, which has affected the Red Sox with Adrian Gonzalez and will affect any negotiations with Prince Fielder and Albert Pujols.

So, if you are looking for those who overpay, look another way. The Yankees have more money than anyone else, and they use it to remain competitive, but they have almost never gone out of their way overpaying. They just play in the market that others set.

Member
Guest
3 years 8 months ago

Well said

Member
monkeydung
3 years 8 months ago

i don’t care if they overpay one person – that’s not the point i’m trying to make at all. it’s about the combination of a bunch of high paid salaries.

the dodgers got screwed on schmidt and lost out on a lot of other opportunities. the Yankees got screwed on pavano but it didn’t matter because of the extra $80 million they had laying around.

Member
Yankee_Baal
3 years 8 months ago

The Dodgers could be a Top 3 spending organization if it wasn’t for that beast McCourt and the (assume I said something awful, I don’t want to have this post deleted) that he married. But see the FA signings of Uribe, Schmidt, Andruw Jones and Juan Pierre; the re-signing of Manny and the trades of Dotel, Blake and Tim Fedorowicz (adressing a need he created by letting Russell Martin walk) and then tell me that the only problem with Colletti is that he doesn’t have as much money as Cashman does.

Member
NomarGarciaparra
3 years 8 months ago

Uhhhh the Red Sox didn’t give the first 200 million contract. In fact, they still haven’t. Biggest contract is still Manny’s $160M deal signed in 2000. The Rangers gave the first 200M contract to A-Rod.

The Yankees certainty did set the market for second-tier pitchers like Lackey and Burnett though. Burnett’s contract set the market for Beckett and Lackey.

Member
Yankee_Baal
3 years 8 months ago

Sorry, I got confused over Manny’s contract. He was the first one to get 20 millions… at least for a few weeks, right?

And yeah, the Yankees made the Burnett mistake, but I seem to recall that the market was moving towards that type of deal anyway. The fact is that they didn’t outbid themselves on Burnett, as the Dodgers did with Kevin Brown, the Rangers did with A-Rod or the Phillies did with Ryan Howard.

Guest
3 years 8 months ago

You conveniently left out the Red Sox and Phills.  But they never have a winning record so…

Member
MB923
3 years 8 months ago

You obviously did not read what I wrote, did you?

“not all high payroll teams”

Not all is not the same as None

Member
MB923
3 years 8 months ago

Fine, field this team together and tell me how many playoff appearances you think you’d get

1B- Carlos Pena
2B- Dan Uggla
3B- Alex Rodriguez
SS- Derek Jeter
OF- Jason Bay
OF- Vernon Wells
OF- Torri Hunter
DH- Adam Dunn
C- Kenji Johjima

SP- Derek Lowe
SP- Barry Zito
SP- AJ Burnett
SP- John Lackey
SP- Carlos Zambrano

RP- Rafael Soriano
RP- Joe Nathan
RP- Jonathan Broxton

With the exception of Johjima ($8 million) and some of the relievers, all of those players make minimum $12 million per year

Guest
3 years 8 months ago

It’s easy to say that now.  If you had said that before the 2011 season, people would feel differently, including myself.  

Member
MB923
3 years 8 months ago

With the exception of A-Rod, which of these players before they signed their current deals were the best at their position as a FA? Zito maybe? But he, if I’m not mistaken, only signed the 3rd $100 million pitcher contract ever with Mike Hampton and Kevin Brown being the others, do correct me if I am wrong on that.

Remember Soriano signed as a setup man, not a closer, and A-Rod who will be making $20-$30 million the next 6 years you knew eventually had to break down at least in the past 5 years of that contract so despite him arguably being teh best in baseball (after the 2007 season), his contract from the age of 32-42 everyone knew was ridiculous.

Member
IHateJoeBuck
3 years 8 months ago

Did Johjima really make that much last year in Japan?

Member
MB923
3 years 8 months ago

Mistake on Johjima, but that’s what he was projected to make with the Mariners before he opted out.

Member
Steven D
3 years 8 months ago

Maybe he should of said give him the Yankees team and he may win with them. What he doesn’t state though is that there’s alot more to do than just throwing money around in Yankee land. Granted, alot of their team is overpaid but they do have homegrowns too. Nova, Cano, Gardner, David Robertson. Can’t forget about the old guard Derek Jeter, Andy Pettitte, Jorge Posada and Mariano Rivera. It’s easy to pick out their high priced players because some were once low salary, young ballplayers too.

Guest
3 years 8 months ago

This is true about the home-grows, but most teams whom grow talent cant afford to pay 10 of them at once when they become outstanding ball players and / or all stars.  Irregardless of what you say, take away the financial freedom, and it becomes a whole different ballgame…literally.

Member
Yankee_Baal
3 years 8 months ago

If you took that, every single team would be different. The FA market
would be way different. Look at the Dodgers. They have a Top 3 MLB
pitcher and a Top 3 MLB batter in their team. Both are perennial MVP/Cy
Young material. Both will command at very least 22 millions each in Free
Agency. If the Dodgers retain both of them they will have a base payroll of at least 50 million dollars. And even so, they won’t even fight for the Wild Card in their weak division.
Sustained success needs strong economic backing, at least to hold your
internally developed stars and to find complementary pieces for them. If
anything, I’m willing to concede that the Yankees need an improvement
at their scouting/farm system, but still the need is not desperate
enough to make Cashman a defective GM.

Member
flickadave
3 years 8 months ago

I think that I would make the playoffs with:

1B- Prince Fielder
2B- Kelly Johnson
3B- Albert Pujols
SS- Jose Reyes
OF- Josh Willingham
OF- Carlos Beltran
OF- Michael Cuddyer
DH- David Ortiz
C- Ramon Hernandez

SP- CC Sabathia
SP- CJ Wilson
SP- Roy Oswalt
SP- Mark Buehrle
SP- Eric Bedard

RP- Heath Bell
RP- Joe Nathan
RP- J Papelbon
RP- KRod
RP- Ryan Madsen

and that is just cherrypicking one years free agents to overpay…

Member
MB923
3 years 8 months ago

Bedard would be lucky to throw 1 pitch, and X out Sabathia the ace and Nathan since they are on my team (or GREG’s team because he can make the playoffs with anybody)

Guest
3 years 8 months ago

Congrats, you just did 50% of Cashman’s job.  Now try and trade all the aged bad contracts you already have, and you can do rinse and repeat in 5 years.

Member
monkeydung
3 years 8 months ago

lineup wise, those guys all give each other protection and probably end up a top 10 offensive team- especially if you put them in a launchpad like yankee stadium.

pitching wise you’ll be awfu.

Member
MB923
3 years 8 months ago

So in other words, my team is basically the 2011 Red Sox. All offense, no pitching, in the most important month of the season for playoff/playoff contending teams.
 

Member
chris
3 years 8 months ago

Ok Greg, You must another fan of a losing team who complains about the salary cap every chance you get. The Ca$hman deserves it after what he accomplished last year with all the small signings. The Yankees were picked 2nd or 3rd to the rays and the sox all year with “that” rotation but ended up in 1st with a great over all ERA.

Guest
3 years 8 months ago

And what would you say if tomorrow the Yanks had to cut their payroll by 100m if their was a cap?  Would it be the same team?  Probably not.  I appreciate the Yanks and what they do for baseball…but to me its like playing on the XBOX, forcing trades, overpaying everyone to build the team you want, and then win 110 games, usually by 10-15 runs per game.  Sorry, their is no skill to 75% of that.  I applaud the signings to help the pitching, but the reality is that this year was a rare and unforseen circumstance.  Generaly speaking, the Yanks, like with the new Sabathia contract, have a financial advantage to keep proven performers where other teams have to cut and trim fat away to keep winning teams.  25 million dollars to a guy betting he will play to that caliber 5-6-7 years from now…come on.  You can add him to that list above of overpaid guys whom under perform in a couple of years.

Member
MB923
3 years 8 months ago

“And what would you say if tomorrow the Yanks had to cut their payroll by 100m if their was a cap? ”

A-Rod $33 million
Burnett $16 million
Soriano $13 million
Jorge Posada (well now gone but still) $13 million
Pedro Feliciano $4 million
Kei Igawa $5 million (although he will be gone too)

Rivera, Jeter and Texeira’s salary all shoudl be cut (Rivera and Jeter each to about $10 million and Tex to about $15 million, that’s another $17 million cut)

Member
Yankee_Baal
3 years 8 months ago

You are talking like in all those cases the Yankees were the only ones willing to offer that much money (besides A-Rod or Soriano, who were moves of the Steins).

Member
MB923
3 years 8 months ago

Nobody would give A-Rod 10 years and $275 million at the age of 32 with incentives but the Yankees, and no team would sign Soriano to be their setupman for $13 million.

With the exception of Feliciano and maybe Burnett (considering the Braves offered about the same amount) I can’t see any other team but the Yankees giving out those contracts.

Member
Yankee_Baal
3 years 8 months ago

I think Posada would have found similar money… Igawa was also a bust, and that you can chalk up to Cashman (every GM has mistakes… remember that CarGo is in the Rockies thanks to Beane), and the other two moves were direct influence of the Steinbrenner family.

Guest
3 years 8 months ago

So you admit that Cashman overpaid all those guys for what was “a good idea” at the time?  Fits right into the Yankees business model methinks.

Member
MB923
3 years 8 months ago

Cashman did not re-sign A-Rod or sign Soriano.

Oh I and wasn’t aware only the Yankees overpay players.

Member
MB923
3 years 8 months ago

And while you’re right they will have performers, you have to know that in the later years they are going to be under-performers (except Mo who at 41 is as every bit as good as he was when he was 31)