Yankees Hit With A $18.9M Luxury Tax Bill
The New York Yankees have been hit with an $18.9 million luxury tax by Major League Baseball, the 10th consecutive year they will pay a penalty for their spending.
Watch CBS News
The New York Yankees have been hit with an $18.9 million luxury tax by Major League Baseball, the 10th consecutive year they will pay a penalty for their spending.
In 2011, Derek Jeter became the first player to record hit No. 3,000 with the Yankees. Ichiro will get a legitimate shot to join him.
Ichiro Suzuki and the New York Yankees are closing in on a contract that would guarantee the outfielder between $12 million and $13 million, WFAN's Jon Heyman reported on Thursday.
So what causes these odd alliances? Like politics, a mutual need. When boxed into a corner, old hatchets get buried for the mutual good. In the end, it's just business.
Youk appears to be just another aging ballplayer at this point. He's capable of getting hot for a couple weeks -- but that's about it.
Ichiro Suzuki will again don the pinstripes next season, a source has told WFAN's Craig Carton. Though final details are still being hammered out, there's no longer any doubt -- Ichiro will be back with the Yankees.
Kevin Youkilis is about to get a different look at the Red Sox-Yankees rivalry.
According to several reports, Kevin Youkilis agreed to the Yankees' one-year, $12-million offer on Tuesday, which will become official pending a physical. Youkilis, 33, would take over at third base for injured Alex Rodriguez.
The 35-year-old Jones became a free agent after playing for the New York Yankees the last two seasons, and the Eagles said he is expected to complete a deal after undergoing a physical.
The Yankees have put their own offseason twist on a classic Abbott and Costello routine: "Teixeira's on first, Cano's on second and I Don't Know's on third."
Alex Rodriguez faces a long road back once he undergoes hip surgery in mid-January.
Brett Gardner agreed a one-year deal with the Yankees on Friday.
Exclusive one-of-a kind items from the sports and entertainment world are now open for bidding online.
The Yankees have had an uncharacteristically quiet offseason. But could the suddenly frugal franchise be maneuvering for a big splash?
It has to be a dream scenario for the former Red Sox star: play for the Yankees or his former manager, Terry Francona.
Could it be? Yankees fans may find themselves chanting for one-time nemesis Kevin Youkilis this season -- or at least for the team to finally fill their hole at third base.
The 38-year-old Yankees captain insists he's on a path that will allow him to be New York's shortstop on opening day, April 1.
The Yankees need someone to step in at third base for Alex Rodriguez. But it won't be familiar face Eric Chavez. Jeff Keppinger? He's off the table, too.
The Yankees picked up the final year of Curtis Granderson's contract this offseason. But will the Grandy Man be picking up his paychecks in the Bronx?
Brian Cashman usually stresses patience in the offseason, and that seems to be the course he's taking again this year, even as his team has more glaring needs than normal.
"Beggars can't be choosers," general manager Brian Cashman said. "...There's not a lot of choices out there. It's a very limited sandbox to play in."
Losing A-Rod until mid-season will force the Yankees to make power-hitting outfielder Cody Ross their number one target.
A-Rod must be considered severely damaged goods, the kind that certainly will never return to his lofty status of old, and may even struggle to attain mere usefulness.
The bombshell about A-Rod's latest injury leaves us all wondering what he has left. Let's face it -- it is perfectly clear to all of us that he is not a 30-100 guy anymore.
37-year-old Yankees third baseman Alex Rodriguez, who reportedly complained of pain in his previously-operated on right hip during the playoffs, is slated for surgery next month to address a tear in his left hip.
With the LIRR strike about to enter its third day, the National Mediation Board said it summoned the MTA and union leaders to a meeting to resume talks.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A summertime weather pattern has moved into the New York Area, bringing potentially record-high temperatures.
Tyrone Taylor hit a game-tying three-run homer off All-Star closer David Bednar with two outs in the ninth as the Mets rallied to defeat the Yankees in 10.
The driver of a Jeep was killed when their vehicle struck a tanker truck on I-287, causing both vehicles to go up in flames, New Jersey State Police said.
With the LIRR strike about to enter its third day, the National Mediation Board said it summoned the MTA and union leaders to a meeting to resume talks.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A summertime weather pattern has moved into the New York Area, bringing potentially record-high temperatures.
Alex Bores has a master's degree in computer science, but for some reason tech titans are trying to stop his campaign in New York's 12th Congressional District.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
After summer-like warmth, rainy weather and cooler temperatures return to the New York City area mid-week.
The driver of a Jeep was killed when their vehicle struck a tanker truck on I-287, causing both vehicles to go up in flames, New Jersey State Police said.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
Macy's Fourth of July Fireworks will take place on both the lower East River near the Seaport and the lower Hudson River, in collaboration with Jersey City.
It was down to the wire for one lucky New Jersey lottery winner. A winning $5.9 million Pick-6 lottery ticket was just eight days away from expiring.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
With the LIRR strike about to enter its third day, the National Mediation Board said it summoned the MTA and union leaders to a meeting to resume talks.
A summertime weather pattern has moved into the New York Area, bringing potentially record-high temperatures.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
On Day 1 of the LIRR strike, riders reported their regular trips to and from New York City turned into marathons.
The work stoppage, the LIRR's first since 1994, went into effect after the MTA and five unions representing 3,500 workers failed to reach a deal on a new four-year contract.
Alex Bores has a master's degree in computer science, but for some reason tech titans are trying to stop his campaign in New York's 12th Congressional District.
While the LIRR work stoppage has caused a mess for people heading to weekend events, the real concern is Monday morning's commute.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
The work stoppage, the LIRR's first since 1994, went into effect after the MTA and five unions representing 3,500 workers failed to reach a deal on a new four-year contract.
With just weeks to go before the primary, voters in New Jersey's 7th Congressional District are wondering where their congressman is.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Tyrone Taylor hit a game-tying three-run homer off All-Star closer David Bednar with two outs in the ninth as the Mets rallied to defeat the Yankees in 10.
Luke Weaver escaped a bases-loaded, no-outs jam against his former team as the Mets beat the Yankees Saturday night to even the Subway Series.
Anunoby has the maximum amount of time to rest before Game 1 of the NBA Eastern Conference finals.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
Cole likely has one more minor league rehab start in his recovery from elbow surgery before he rejoins the New York Yankees starting rotation.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Jessica Moore served as emcee for the Cystic Fibrosis Foundation's event.
NYC's famous skyscraper illuminated in yellow, white and blue to celebrate EMS worker and their life-saving efforts.
Celebrities graced the runway for Gucci's "Cruise 2027" collection.
Craig Allen has the Tri-State Area's updated First Alert Forecast on CBS News New York.
Video shows officers pepper-spraying the crowd after hundreds went to the Long Island mall for the release of a special version of the watch.