According to the AP, the Yankees led the MLB with a whopping $218.3 million payroll last year. The Red Sox checked in second with $155.4 dollars, the Dodgers were third at $125.6 million, while the Mets checked in at fourth, with $120.9 million.

The article also adds:

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.

Its not that they spend money, because in all fairness compared to many teams the Mets do too, but its how absurdly much and more than most it is.