Yankees set all-time payroll record at $230.4 million

Yankee Stadium still houses baseball's payroll kings. (USATSI)

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Despite all the talk of reducing payroll and getting under the luxury tax threshold in the coming years, the Yankees opened the 2013 season with a record $230.4 million payroll according to the AP. The free-spending Dodgers checked in at $214.8 million while the Astros are dead last at $27.3 million.

Los Angeles was expected to usurp New York as baseball's biggest spenders this year, but the late additions of Lyle Overbay, Brennan Boesch and Vernon Wells pushed the Yankees back on top. They absorbed $13.9 million of the $42 million left on Wells' contract in their recent trade with the Angels, but the vast majority of that $13.9 million will be paid this year.

The Yankees did, of course, open the year with more than $90 million worth of players on the DL. Alex Rodriguez, Derek Jeter, Mark Teixeira, Curtis Granderson, Michael Pineda and more are currently sidelined. The Yankees didn't get much bang for their buck on Monday, dropping their opening day matchup with the Red Sox 8-2.

CBS Sports Writer

Mike Axisa joined CBS Sports in 2013. He has been a member of the BBWAA since 2015 and has previously written about both fantasy baseball and real life baseball for MLBTradeRumors.com, FanGraphs.com, RotoAuthority.com,... Full Bio

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