Trading Aroldis Chapman, Andrew Miller and Carlos Beltran will save the Yankees $11.2 million.
Chapman was traded for pitcher Adam Warren and three minor league players. Miller was traded for four minor league players and Beltran for three minor league players. Minor league players are not much in salary and they replace players the Yankees already had, so they should not be an additional expense.
Aroldis Chapman: a somebody, traded for nobodies. Thursday, July 28, 2016
Calling people nobodies is not nice but in this context it makes an important point.
Never trade a somebody for a bunch of nobodies. Saturday, August 1, 2015 ....
One final point that may have entered into this even for the Yankees: salary owed for the remainder of 2016:
Chapman: $11,325,000 divided by three equals about $3,775,000
Warren: $1,700,000 divided by three equals about $566,667
That's $3,775,000 minus $566,667: a net savings for the Yankee of about $3,208,333, about $3.2 million.
Miller's 2016 salary is $9 million, so the Yankees save $3 million.
Beltran's 2016 salary is $15 million, so the Yankees save $5 million.
$3.2 + $3 + $5 = $11.2 million saved.
Yankee owner Hal Steinbrenner has more money than he knows what to do with and the Yankee payroll is over $200 million. Steinbrenner would prefer to have spent that $11.2 million and have the team contend for a tournament spot, which would make even more money for him. However, since Steinbrenner "spit the bit" and decided to tank the season, what the heck, that $11.2 million helps make Hal feel better and make Yankee fans feel like suckers.