There’s a trend throughout the game to hire first-year managers and pay low rates on exactly three-year deals with a club option. However, while new New York Yankees manager Aaron Boone got that same three-year deal with a club option, the team had to pay a little more than the new standard rate for first-year managers.
Of course, the Yankees generally pay more anyway. But the main reason the Yankees couldn’t get Boone on what’s become the new standard rate for first-time managers – three years starting below seven figures and ending close to $1 million — is that he is said to have made $1 million-plus at ESPN, according to sources (as much as $1.5 million, one person said, though that is unconfirmed).
Boone’s new deal was estimated to be $4 million over the three years, according to Joel Sherman of the New York Post. That still represents a major savings for the Yankees, since the fired Joe Girardi made that figure for one year.
In any case, the trend to hire new managers is a cost-saver for some major teams. New Red Sox manager Alex Cora probably makes less than half what they were paying John Farrell, new Nats manager Davey Martinez likely makes less than half of what Dusty Baker made, and new Mets manager Mickey Callaway is believed to make less than half what Terry Collins made.
Of note, of course, is that none of those three came from high-paying TV jobs.
Low salaries for first-year managers are typical, but they seem to be becoming standard now. Many first-time managers want the opportunity more than anything else, and that can be true of second-time guys who understand there aren’t a lot of these jobs and are concerned that they’ll never get that second chance at a second chance.
Anyway, Boone is very likely atop the rookie managerial pay heap.
Meanwhile, of course GM Brian Cashman is coming back to the fold. Sources say that all that remains is “a crossing of t’s and dotting of i’s” in Cashman’s talks with Yankees managing partner Hal Steinbrenner. That shouldn’t surprise anyone since Cashman is the one who made the recommendations to fire Girardi, and also to hire Boone.
He also very likely had his best year last year.