Nobody is hoping - and risking - more for a dramatic turnaround than Yankees' owner George Steinbrenner. "The Boss" is paying Roger Clemens just over $1M for every expected start during the regular season which would make the Rocket the highest paid player in baseball, on a pro-rated basis. If Clemens can't help the Yankees reach the post-season, that money will be utterly wasted.

One might ask - and I'm sure Steinbrenner is asking this himself - if the Yankees should even activate Roger Clemens from the minor leagues next week. Why wouldn't they? Well, consider the potential return on the investment the Yankees are making:
1) Roger Clemens will not produce additional ticket or concession revenue unless he helps the team make the playoffs. Yankee Stadium sells out every night, so having Roger Clemens on the mound does not increase the number of fans in the seats.
2) TV contracts and other revenue sources are largely pre-determined and will not significantly change as a result of Clemens' return for a single season. If the Rocket was expected to pitch for the Yankees for several season to come, this might be a factor to consider.
3) The Yankees will be forced to pay a substantial luxury tax as a result of adding Clemens' salary to their already bloated payroll. By paying Clemens to join the team, Steinbrenner and the Yankees are essentially subsidizing the payrolls of 4 or 5 other Major League ballclubs who may compete with the Yankees in future seasons.
4) When Clemens made his announcement and the Yankees agreed to this contract, New York was 5.5 games behind the Red Sox in the standings - a significant but tolerable deficit. As of today, the Yankees are an astounding 13.5 games behind the Red Sox and appear to be fading fast in the AL East and Wild Card standings. By the time Clemens makes his first start, it's conceivable that the Yankees could be 15 games out and in last place in the AL East.
5) If the Yankees call up Clemens, they are essentially locked in to paying him the full $21M and the entire luxury tax penalty associated with his additional salary. If they don't activate him from the minor leagues, they wouldn't have to pay him a penny and wouldn't have to pay the heavy luxury tax fine.
Though I doubt Steinbrenner and the Yankees would be willing to let Roger walk at this point - after all, Boston might pick him up and bury the Yankees for good - I do believe his return will prove to be too little help too late in the season. Not only will New York spend a shocking amount of money for an additional 10 to 12 wins this season, but they'll also help subsiduze other teams' future payrolls and will likely miss the playoffs for the first time in most of their fans' memory.
Is it too little, too late? Only time will tell, but Steinbrenner still has a few days to pull the plug on a $21M gamble with the odds stacked against him!


















