[kenberman]

Sublime,
You did a good job here valuing each deal. However, this type of analysis works best in a salary cap environment, where every team only has x number of dollars to spend in order to achieve maximum production.

clearly, this isn't the case in baseball, or with the NYY.

which is why paying a premium for potentially extra production makes sense for them.

And, why having a potentially bad 4th year to deal with isn't a disaster, since they can probably eat some of the contract in a trade, or afford to have a $13M guy as 4th outfielder.