Yeah but they spend about 410 mil on baseball operations and about the average 45 or so % on payroll.
But, the question is why did they give Andy Pettitte 12 million dollars when he's worth 6 million?
He's past his prime, injury prone, disloyal, and no one else is knocking on his door to pay him that ridiculous sum. I am still going with the conspiracy theory mentioned by the first responder to this thread.