Yahoo! Sports - Seattle signs New York Yankees relieverIt's pretty clear what the going rate for a decent setup man is. $3m per year for two to three years. Seems a little high to me given number of young arms kicking around the minors, but the team's got it so they are spending it.
Look at these signings. Do you honestly believe that any more than a couple of teams (if that) are actually losing money? Not when they are getting $25m/year in television booty they aren't.