Interest remains between the Yankees and free agent third baseman Todd Frazier, a pair of sources with knowledge of their correspondence have told NJ Advance Media. But the team's mission to stay beneath the $197-million payroll luxury tax threshold for the 2018 season has kept the sides from speaking much this offseason, according to one of the sources. Frazier, who has made teams aware he's seeking a multi-year deal, has continued to speak with multiple clubs. It's unclear how much money he wants. On Tuesday, the Associated Press reported the Yankees' projected payroll currently stands at about $178 million. Frazier made $12 million last season. Keeping payroll below $197 million would reset for 2019 the team's luxury tax penalty, which currently hits the team at an extra 50 cents on each dollar it spends beyond the threshold. The Yankees will also likely keep money aside for call-ups and potential midseason pickups or trades. The team was also "working real hard at" adding another starting pitcher at the Winter Meetings, manager Aaron Boone said at the time. The team has since signed lefty CC Sabathia to a one-year deal and is thought to be seeking at least one more starting pitcher. The sources spoke on the condition of anonymity in order to speak freely.
Luxury tax could keep Yankees from reuniting with Frazier
Newark Star-Ledger | Dec 28