The latest buy is in the form of the baseman Mark Teixeira. He has been inducted into the side for a price of $180 million for eight years. The team has spent almost half a billion dollars building itself up as a power house during the off season.

The economic might of the Yankees remains stronger than ever as they defy the economic downturn. The team has also been moved to a new stadium which has been built with the help of public financing. The team is adamant on bringing its economic might into play despite the recession that has gripped America.

Although the signing has been confirmed by a Yankee spokesman it will not be officially declared until Teixeira undergoes a physical. The addition of the baseman will be the fourth of the season with the other three newly inducted members being Alex Rodriguez, C.C Sabathia and Derek Jester. This has made the total expenditure made by the team the largest expenditure in the sports industry with the overall amount totaling to more than $800 million.

The signing has also marked a change in the payroll for the Yankees. While the payroll for the team totaled $209 million in 2008 it is likely to increase by another $50 million in 2009.

The expenditure by itself does not guarantee that the Yankees will be back in the World Series. While the team continues to spend freely it still managed to miss the postseason in 2008 after fourteen years. The Yankees is no longer the model baseball team out there. That position, which was previously held by the Yankees has now been taken up by the Red Sox. The Yankees have however stolen Teixeira from the Red Sox who looked all set to buy him off before the Yankees settled the deal with the player.