Peter Abraham writes in his blog that based on adding up contracts of the various players that the Yankees have spent money on this winter, it comes out to a total of $408.4 million, not counting the $30 million Alex Rodriguez could receive in bonus payments or any potential contract Johan Santana gets if he is traded to the team.

The Yankees have spent a ton of money this winter. A-Rod ($275 million), Rivera ($45 million), Posada ($52.4), Molina ($4 million), Abreu ($16 million) and now Pettitte ($16 million).

Alex’s deal is reportedly front-loaded at $32 million for the first three years. At the moment, I have their 2008 payroll at $200.6 million.

That assume Cano and Wang would receive $4 million each. That $200.6 million figure accounts for only 16 players.

If they retain Vizcaino for $3 million and sign the other eight players for around the minimum, the Yankees are looking at a $207 million payroll.