The Yankees announced Monday they have re-signed last year’s ACE, Chien-Ming Wang to a 1 year, $5 Million contract.  By signing Wang now, the Yankees avoid going to arbitration with the pitcher.  Wang, age 28, was off to a great start last season with an 8-2 record in 15 starts before he injured himself running the bases during a June game in Houston.  Houston plays in the National League, so pitchers hit and run the bases.

The Yankees and Wang went to arbitration last year, resulting in a $4 Million contract going to Wang.  Wang had wanted $4.6 at the time.

This is a friggin’ steal.  I can guarantee we will have to offer him a number in the double digits after this season – he’ll be too good.  At this point, the Yankees payroll is at $164 Million for 15 players.  With the luxury tax threshold at $162 Million for next season, the Yankees have already exceeded it.  Currently, there is an outstanding offer for Andy Pettitte which is rumored to be around $10 Million as well as salary arbitration for three players: Melky Cabrera, Xavier Nady and Brian Bruney; so its probably going to go higher – i just hope not much, much higher.  Keep luxury tax down, keep beer prices down.  That’s my motto.