Despite their $5 billion net worth, the Yankees join a growing list of teams, including the Marlins, Mets, Nationals and Rays, in releasing minor league players amidst the coronavirus shutdown.
As negotiations are still ongoing between MLB and MLBPA, there’s little hope for a 2020 minor league season. With this possibility looming, teams are looking to make even more significant payroll reductions in their minor league systems.
The cuts come from all levels within the system. Some of these cuts may have happened at the end of spring training regardless of the shutdown. However, these are rare circumstances, leaving many minor leagues with their dreams crushed as there is nowhere else for them to go.
The Yankees expect to keep paying their remaining minor leaguers the $400 a week stipend throughout at least the remainder of June.