George was one thing. The sons are another. The luxury tax is restraining their spending, which was the point of it.
The luxury tax isn’t restraining their spending. Realizing that they’ve been grossly overpaying for talent lately and haven’t even gotten a whiff of a championship in 6 year and clearly need to rebuild the team is restraining their spending. And that’s only because you don’t rebuild a team paying huge some to aging veterans. They’ll be back to their spendy ways, they’re the Yankees, they have enough revenue that the luxury tax is completely meaningless to them. Any “cap” that isn’t a hard cap is a joke. The Yanks have been proving that for a quarter of a century and they will resume proving that as soon as they have a team that’s actually talented and worth spending money on.