Comptroller and mayoral candidate Bill Thompson is out to get the Yankees for $3.7 million dollars in rent that his office says the team cheated the city on. The Bronx bombers have plenty of money, especially with consistently ranking #1 as the team with the highest salary in the Majors. Yet over the last eight years, they've been skimming a little too much off the top.
The Yankees owe the city more than $65,000 in rent payments for the first quarter of last year, according to an audit released Monday by the city comptroller's office. Comptroller Bill Thompson says the team has consistently overstated their rent deductions by more than $3.7 million since 2000.While I applaud the recovery of $3.7 million, it is still only pennies on the dollar from what the team should not be taking from the city in the form of tax free bonds and other means to have New Yorkers pay for the construction of the new Yankee Stadium. It was nice to see city officials give back the stadium suite, but those hundreds of millions of dollars should be given back to the city, heavens knows Steinbrenner could have financed that stadium if he had to.
He says the Yankees have a pattern of not paying the city what is owed until it has been audited.
The Yankees are not disputing the audit and plan to pay. Yankees President Randy Levine says that the audit was a routine part of the team's compliance with a complicated lease.