$206 million luxury tax limit

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NEW YORK, NY - APRIL 06: The New York Yankees line up for the national anthem before the game against the Toronto Blue Jays on Opening Day on April 6, 2015 at Yankee Stadium in the Bronx borough of New York City. (Photo by Elsa/Getty Images)

While the baseball world has been in a frenzy over spring training starting and Manny Machado and Bryce Harper (finally) signing, the Yankees have been busy locking up their young players. In the past few weeks, they have signed Luis Severino to a 4 year $40 million extension and Aaron Hicks to a 7 year $70 million contract.

Since we live in the austerity era, my thoughts immediately went to the payroll situation, specifically how these extensions…