Earlier this week, as he prepared to introduce new manager Aaron Boone, Yankees general manager Brian Cashman spoke often about stability. He noted a once-unthinkable fact during the George Steinbrenner era.
Cashman has served as GM since 1998, and the Yankees have had only three managers in that period — Joe Torre for the final 10 of his 12 seasons, Joe Girardi for 10 seasons and now Boone. And now it’s even clearer that Cashman himself isn’t leaving the Bronx anytime soon.
Cashman is finalizing a new five-year contract extension worth $25 million, according to multiple reports. The deal is a healthy raise for the 50-year-old executive, whose last contract was a three-year pact worth $9 million.
The commitment comes after a season in which the Yankees won 91 games and came within one victory of reaching the World Series for the first time since 2009. Cashman was named Baseball America’s Executive of the Year.
Cashman oversaw a seismic shift, with the Yankees placing more of an emphasis on retaining their own homegrown talent, breaking free of their tendency to use them as trade chips and raid free agency.
Instead, anchored by homegrown stars Aaron Judge, Gary Sanchez and Luis Severino, the Yankees have positioned themselves for another run of prosperity. The farm system is considered one of the best in baseball.
Cashman is one of the longest-tenured general managers in baseball. Only Brian Sabean (Giants) and Billy Beane (Athletics) have been at the helm of their clubs’ front offices longer.
The Yankees have missed the playoffs only four times during Cashman’s tenure and have not had a losing season in that time. Under Cashman, the Yankees won the World Series in 1998, 1999, 2000 and 2009.