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Grisham Takes $22.025 Million Qualifying Offer, Squeezing Yankees’ Payroll Flexibility

The move pushes New York’s projected luxury-tax figure toward $300 million, sharpening decisions on free-agent pursuits.

Overview

  • Cot’s Contracts pegs the Yankees’ 2026 CBT payroll at about $281 million after Grisham’s acceptance and smaller commitments to Ryan Yarbrough and Tim Hill, with tax thresholds at $284 million and $304 million.
  • GM Brian Cashman described the budget as fluid and said he has not been given an ultimate number, as Hal Steinbrenner has previously called $300 million payrolls unsustainable.
  • New York is prioritizing a reunion with free-agent outfielder Cody Bellinger and has shown interest in posted Japanese right-hander Tatsuya Imai, along with needs in the rotation, bullpen and bench.
  • Modest relief could come by Friday’s tender deadline, with non-tender candidates including Mark Leiter Jr. (projected $3 million), Ian Hamilton ($941,000), Jake Cousins ($841,000) and Scott Effross ($800,000).
  • As a qualifying-offer acceptor, Grisham must consent to any trade before June 15, and his $22.025 million salary ties him with Giancarlo Stanton for the fifth-highest on the team as this winter’s QO acceptance total rose to four.