Joel Sherman of the New York Post reports that the Yankees didn't even place a bid, despite reports to the contrary saying they were one of the favorites, because Castillo would have cost them much more than the $72 million the Boston Red Sox spent to bring him in:
#Yankees repeat offender so much going over luxury tax, that they are penalized at 50 pct, so $72M for Castillo would have cost them $108M
— Joel Sherman (@Joelsherman1) August 22, 2014
Considering the Yankees also didn't view him as a star and more of an average to above-average player, it made no sense to break the bank in that manner to land Castillo.
Bringing Castillo aboard would have had an inherent risk attached to it, much like every other Cuban-born player that has come to the states in recent years. After all, Castillo is not a professional player and even if he was, there is no guarantee his skills would translate to the big leagues.
Scouts had him pegged as everything from a fourth outfielder to a potential star player, but clearly the Yankees didn't see the latter in Castillo. New York desperately needed a spark on the offense and if general manager Brian Cashman was sure Castillo would be it, Hal Steinbrenner and company likely would have taken the financial hit.
Obviously Cashman didn't think that highly of Castillo, making it pointless to make such a financial commitment to a relative unknown.
At seven years and $72 million, that's a lot of money for an unproven player and it sets a dangerous precedent for Cuban defectors who make the jump to Major League Baseball in the future.
It's a little easier to swallow the Yankees not making an offer for Castillo after seeing the amount of money go over $20 million more than what experts originally predicted Castillo would get.
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