While their streak of AL East titles ended at nine, the Yankees wound up with a record payroll of $218.3 million.
The World Series champion Boston Red Sox were a distant second at $155.4 million, according to information received by clubs from the commissioner's office. The Los Angeles Dodgers were third at $125.6 million, followed by the New York Mets ($120.9 million), Chicago Cubs ($115.9 million), Seattle ($114.4 million), Los Angeles Angels ($111 million), Philadelphia ($101.8 million), San Francisco ($101.5 million) and the Chicago White Sox ($100.2 million).
In addition to the largest payroll, the Yankees have the highest revenue in the majors. New York took in $415 million last year, giving about $100 million of it away in the sport's revenue-sharing plan.
Both the Yankees and New York Mets will receive revenue boosts in 2009, when they move into new stadiums.