NEW YORK -- Derek Jeters new contract has increased the Yankees luxury tax payroll to $97.71 million for seven signed players next year. That leaves New York with about $80 million to spend on the rest of its roster if the team wants to get under the 2014 tax threshold. Jeter and New York agreed Friday to a $12 million, one-year contract. Major League Baseball determined its value for purposes of the luxury tax is $12.81 million. The Yankees captain, injured for most of this year, was playing under a three-year contract with a player option for 2014 that wound up being worth $9.5 million and was replaced by the new salary. Baseballs luxury tax uses the average annual values of contracts as defined by the sports collective bargaining agreement. Determining Jeters payroll figure for the tax is complicated by the option and the new salary, and New York may contest his 2014 evaluation. The Yankees want to re-sign free agents Robinson Cano, Curtis Granderson and Hiroki Kuroda, and need to fill roster holes after missing the playoffs for just the second time in 19 years. The team figures to be interested in free-agent pitchers and catcher Brian McCann. Managing general partner Hal Steinbrenner has said getting under the $189 million tax threshold for 2014 is a hope but is not essential. "Its a goal that we have if its possible," general manager Brian Cashman said last month. "Theres a lot of benefits to staying under that, but its not a mandate if its at the expense of a championship run. It just depends on what the opportunities are before us, and the costs associated with it." New Yorks other signed players are Alex Rodriguez ($27.5 million), CC Sabathia ($24.4 million), Mark Teixeira ($22.5 million), Ichiro Suzuki ($6.5 million), Alfonso Soriano ($4 million) and Vernon Wells ($0). The impacts of Soriano and Wells on New Yorks luxury tax payroll were reduced because of cash being paid by their former clubs attributable to 2014. The Yankees will receive $18.6 million from the Los Angeles Angels as part of the acquisition of Wells last March and $13 million from the Chicago Cubs as a result of Julys deal for Soriano. Rodriguezs payroll impact for 2014 would drop to $2.5 million if arbitrator Fredric Horowitz upholds a 211-game suspension imposed on the third baseman by MLB for alleged violations of the sports drug agreement and labour contract. Rodriguez, who is contesting the discipline, has a $25 million salary for next year, and the Yankees would not have to pay him for any period he is suspended. Payrolls for the luxury tax include the entire 40-man roster and a 1-30th portion of the cost of benefits and extended benefits for all major leaguers. That category totals items such as health insurance premiums, pension payments, club medical costs and payroll, unemployment and Social Security taxes. The 2013 figure will not be completed until next month. For 2012, each teams payroll was assessed $10,779,500. New York has paid luxury tax for every season since the provision was put in place for 2003, a total of $224.56 million. The Yankees will pay again for 2013, when the threshold was $178 million. But there are large benefits if the Yankees get under the threshold in 2014. The teams tax rate would drop from its current 50 per cent to 17.5 per cent in 2015, and New York would be eligible to get back a portion of its revenue-sharing payments. Rob Gronkowski Patriots Jersey . Collazo was proven correct as his final punch knocked out Victor Ortiz at 2:59 of the second round in a welterweight fight at the Barclays Center on Thursday night. Brandon LaFell Womens Jersey .ca! Hi Kerry, I love the column, keep up the good work! It doesnt make me more sympathetic to bad calls by the refs, but it sure explains a lot! On Tuesday, Zach Bogosian and Lars Eller just went off to the Sin Bin together - Bogosian for interference and Eller for embellishment. http://www.patriotsproshop.us.com/Womens-Darrelle-Revis-Authentic-Jersey/. Louis Blues just continue to roll -- especially against the Nashville Predators. Tedy Bruschi Jersey . Heading into the final round with a two-stroke lead, Donald had seven birdies and two bogeys at the par-71 Phoenix Country Club to finish at 14-under 270 on the Japan Tour. Vince Wilfork Womens Jersey .C. -- Cam Newton wasnt flawless on Sunday.When the clock strikes noon, money will be thrown like crazy ... as usual. Even with the salary cap being set lower than many general managers expected and hoped for at $69 million and whats considered a shallow pool of top-end players available, this unrestricted-free-agent period figures to follow the familiar script of teams bidding up prices to keep up with each other. "You have to be prepared rightly or wrongly to overspend and to give more term than you probably would want to," Boston Bruins GM Peter Chiarelli said on a conference call last week. "That doesnt mean you dont make a good deal, its just the deal is probably pricier than you would like." Bad contracts of years past are being revisited now as theyre bought out, like the Buffalo Sabres getting out from the rest of Ville Leinos deal or the New York Rangers having little choice but to cut ties with Brad Richards. Last years madness included Mike Ribeiro getting $22 million over four seasons, and last week he was bought out. "It is a time where I think the day after some of these contracts are signed, people go, Hmmm, and sit back and think," Winnipeg Jets GM Kevin Cheveldayoff said last week in Philadelphia. "Thats the age were living in. Thats the nature of it." The teams that sign winger Thomas Vanek, centre Paul Stastny, defenceman Matt Niskanen hope their investments prove more sound. Those three players lead the crop, followed by wingers Matt Moulson and Jarome Iginla, centre Dave Bolland, defencemen Christian Ehrhoff and Dan Boyle and goaltenders Ryan Miller and Jonas Hiller. Already, before teams are free to sign players at noon Tuesday, over $1.1 billion has been spent to retain potential unrestricted free agents at an average cost of $3.57 million, according to CapGeek. Many of the top free agents will get more money than that on an annual basis, just based on the market value. Still, Chiarelli believes its possible to spend smart money in free agency. "As long as the expectations are in place and you know the player that youre getting, I wouldnt necessarily call it a bad deal," he said. "It may be in five years if it is a bad deal, but it is something that can help your team and you just have to be cautious of the hysteria that happens." The hysteria started early this year thanks to the new five-day window teams and pending unrestricted free agents have to talk before dealss can get signed.dddddddddddd. Theyve been free to discuss fits and salary parameters, just not agree verbally or in principle. It seems to have given players more leverage than before because they can consider options rather than make a quick decision on July 1. For teams, the negotiating period is still a work in progress. "Its useful in that you can lay some plans and some groundwork," Toronto Maple Leafs GM Dave Nonis said last week in Philadelphia. "Whether it helps in getting players in or not, I think that remains to be seen.” Compliance buyouts have also changed the landscape, pouring more players like Richards, Ehrhoff, ex-Vancouver Canucks winger David Booth and ex-New Jersey Devils defenceman Anton Volchenkov into the market. Those players can double-dip on pay cheques, while their former teams can allocate the saved salary-cap space elsewhere. The Buffalo Sabres have the most cap space, according to CapGeek, with almost $39 million. They need to spend more than $20 million just to get to the $51-million floor. First-time GM Tim Murray isnt worried about needing to get to the floor, nor is he scared of the perils of free agency. "I dont think its dangerous. I go back to my old cliche: evaluate properly and its never dangerous," Murray said Saturday in Philadelphia. "If you fall in love with the flavour of the week, it could be very dangerous. "But do your homework. Evaluate players properly. Go after the right players, which doesnt mean its the top guy on somebody elses list. Its who you feel is the right guy." The negotiating window has shed some light on the idea that some guys are wanted by a lot of teams. Niskanens agent, Neil Sheehy, said in an email that more than 10 teams had shown interest in the 27-year-old defenceman and that they were planning to pare down that list before Tuesday. Thats a task many of the top free agents and their representatives have been going through because its still very much a players market. "Its kind of the double-edged sword," Cheveldayoff said. "Youre trying to find pieces that can maybe push you and the different depths of the free agent market in different years entices you or maybe doesnt excite you. "But its a way to add and if you can do it reasonably and maybe someone fits in your organization and maybe it becomes a long-term thing. You have to take a look at that regardless of the dollars." Follow @SWhyno on Twitter ' ' '
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