I was surfing the web this afternoon (do people even say that still?) and I came across a great article about how the Yankees payroll relates to their overall revenues. For the umpteenth year, the Yankees lead the majors in payroll but they are actually average in one category: the percentage of revenues spent on payroll.
For 2010, the Yankees are slotted to payout only 46.8% of their gross revenue in payroll, while the league average is 46.4%. In fact, out of the 8 major league teams with the highest payrolls, the Yankees spend the least amount of their revenues in payroll.
Check out the all-encompassing story from Larry @ Its All About the Money, Stupid.