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Surprise: Yankees oppose salary cap

Not surprisingly, Hank Steinbrenner has come out against the salary cap proposed Wednesday by Red Sox owner John Henry.

But his arrogance and logic on the matter is stunning.

"We're basically baseball's stimulous package," Steinbrenner told the Associated Press of the team's $222.5 million payroll.

No, you're Mark Teixeira, A.J. Burnette and C.C. Sabathia's stimulus package -- and, for about 20 of Major League Baseball's other franchises, you're a permanent depression.

How out of whack are things? Well, last year the Yankees paid about $110 million in revenue sharing and luxury taxes due to their extravagant spending -- an amount larger than the Cardinals' total payroll. Don't forget that St. Louis was fourth in baseball last season in attendance, making them one of the sport's top moneymaking franchises. 

Clearly the current system of revenue sharing isn't working. $110 million is a lot of money. But not when the Yankees drive the price of any decent pitcher up to $12 million or more per year. If you divided the Yankees contributions up equally between baseball's other franchises, it's less than $4 million each. That wouldn't get you Adam Kennedy and it's a little bit more than half of Joel Pineiro.

Keep pushing John Henry. I don't know how many teams will support you -- although they ALL should. But I know I do.