New York Yankees owner Hal Steinbrenner may support a salary cap proposal as long as it contains a provision mandating minimum payrolls. “I have been on the record already saying that I would consider supporting a cap depending on what the cap is and contingent on the fact that there’s also a floor so the clubs that I feel

Yankees owner Hal Steinbrenner answered several financial questions on Friday after amending his team’s long-standing facial hair policy.

"I have been on the record already saying that I would consider supporting a cap depending on what the cap is and contingent on the fact that there's also a floor so the clubs that I feel aren't spending enough money on payroll to improve their team would have to spend more,

Hal Steinbrenner continues to push back on the idea that the Yankees must spend over $300 million to win a championship. The team’s managing partner insists payroll alone doesn’t dictate success, even as the Yankees currently sit around $307 million in total salary liabilities.