The Yankees spent 46.9% of their revenue on payroll which is approximately LEAGUE AVERAGE, the same as the Kansas City Royals. Again, this is looking at revenue and one area of expenditures. It doesn't come close to painting a complete picture. It is a myth that the Yankees try to win more than every other team, and it is also a myth that Steinbrenner was somehow spending his own money because he loved winning so much. How many people are saying that the Yankees try to win more than every other team? As far as Steinbrenner spending his own money, that's a more complex question. He was part owner of the Yankees and way obviously heavily influential in how money was spent. If he decided to spend less money, the Yankees would be spending less money, meaning there could have been more funds to pay to himself in salary or dividends. Edit. To add some facts, there was a fantastic series written by the late Doug Pappas over 8 years ago that looked into the business of baseball. One of the interesting things that isn't often discussed with detail is the amount of money spent on things other than the major league payroll. Here is the link: http://www.baseballprospectus.com/article.php?articleid=1325 This was 2001 dollars, and the Yankees spent over $83 Million on all things that go to running the off the field business. They were actually 2nd to the Mariners that year in the category. As for other expenses, the Yankees have paid over $25M each of the last two years in luxury tax. The revenue sharing that the Yankees pay is unknown in recent years. In a few minutes of googling, I found one piece that says the Yankees paid $63M in 2004. So if I just take numbers from earlier this decade, I think it's somewhat safe to guess that the Yankees routinely spend $170M+ in expenditures that doesn't go to their players.