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Boomer & Gio

Steinbrenner's "Poverty Plea"

Boomer & Gio

Audacy

Sports, News

4.2707 Ratings

🗓️ 25 November 2025

⏱️ 15 minutes

🧾️ Download transcript

Summary

Hal Steinbrenner's shocking "no profit" claim has Yankees fans seeing red! We debate if the NFL's salary cap model should be the only way forward for baseball.

Transcript

Click on a timestamp to play from that location

0:00.0

The worst thing that could have happened for Hal Steinbrenner and Steve Cohen in this

0:05.9

last baseball season was the Dodgers winning again and spending more money than they did

0:10.2

because then the perception out there is that that's the only way to win now.

0:15.3

Like the Dodgers spent more money, they're blowing you out of the water with the payroll

0:19.4

and they're winning, and you guys

0:21.4

are not. Now, Hal Steinbrenner was asked a question sort of like that yesterday, and he said,

0:26.6

hey, we spent a lot of money, you know, second and third in baseball, and look where we ended up.

0:31.8

The Mets didn't make the playoffs, and we were out. So, I mean, but you also had a team in the Toronto Blue Jays that was right there.

0:39.6

Probably should have won the World Series.

0:41.2

It spends a lot of money, but not nearly as much as the Mets and Yankees.

0:44.6

So everybody wants that issue to be black or white.

0:48.4

Like, you spend money and you win or you don't have to spend money to win.

0:51.7

I mean, there really isn't a particular formula, but the Dodgers have done it the best.

0:58.2

And the Mets and the Yankees haven't figured that out yet.

1:01.0

But a lot of Yankee fans yesterday really upset with the notion that Hal Steinbrenner is complaining about the expenses that he has to deal with as the owner of the

1:13.0

Yankees and how people don't understand that they're not making as much money as you would think

1:18.3

that they would make. Yeah, well, you know, there's other ramifications that go into this other

1:23.2

than just profit and loss. And I don't want to go, like, knee-deep into all of this.

1:29.5

Oh, you love going knee-deep in all of it. But there's depreciation, there's tax write-offs.

1:34.7

There's all sorts of things that you can run through these businesses that, and by the way,

1:40.9

you can borrow against these businesses as well. Or you can be the giants and sell 10% and raise a cool $1 billion. Just like that. And boom, boom, you're making your money back. So, I mean, when you hear an owner now, I can understand, like, maybe a small market owner that doesn't have a big TV, local TV contract, or doesn't have the ticket prices that, you know, maybe the Yankees

2:01.8

or the Mets or the Cubs or the Dodgers have.

...

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