Once they start to get close to competing, Bos/NYY just start buying every FA on the market.
It is somewhat ridiculous that Boston and NY get thrown in the same category. NY outspends Boston by as much as Boston outspends the Florida Marlins.Boston is definitely one of the haves, no doubt, but they haven't even been second in payroll since 2004 or so. The Mets and the Cubs are every bit the spenders, they just suck at it apparently.
It's not really that ridiculous. The Yankees' payroll excesses over Boston are due in large part to the "superstar" quality of their players. What I'm saying is this: when players get onto the open market, there is a bidding system in order to acquire them. The Yankees are able to go several million more for players, so when the "big money" guys hit the market they generally go the Yankees way.They usually can top most offers, financially speaking. And since they're often competing with Boston for the same guy, they do just enough to top the offer. Do that enough times and your payroll is going to look bloated. But Boston can top any offer financially speaking that doesn't involve the Yankees. So just because the Yankees exist doesn't mean the Red Sox don't hold a sizable advantage over the other 28 teams. The perfect illustration of this dynamic is to look at individual salaries. Is Mark Teixeira five times better than Adrian Gonzalez? Of course not. He might not even be better at all. But he hit the open market and Gonzalez did not, so his salary blows A-Gon out of the water. Tex has a superstar factor and became available at the right time, so he got paid. If Boston trades for Gonzalez, his salary is very manageable. Does that mean the Yankees have an advantage over Boston just because their 1B makes $15 million more? No, it means Boston was more efficient in their decision-making. The Yankee advantage over Boston is that they rarely get into a situation where they CAN'T get the guy they want. But Boston is able to settle for the next-best thing at a fraction of the cost that the Yankees paid for the top guy (Ortiz, Schilling, Lowell) and oftentimes have it work out just as well or better. The reason for this is because once the Yankees get THEIR guy, they're not involved in the talks for the next-best thing. Boston is then competing against very few teams for the services of Player B and can make off with him for pennies on the dollar (Lackey).
PS - Agreed about the Mets/Cubs part.