Money spent in free agency by the New York Yankees this year: $423.5 million.
Money spent by the other 29 clubs combined: $181.64 million.
And just to pile on a little bit, money spent on contracts for the entire 25-man major league roster by the 2008 AL Champion Tampa Bay Rays from 2000 to 2008: $337.9 million.
If anyone cares, only major league deals were counted, not minor league deals with spring training invites. The details of the Taveras contract haven't been released yet, so the hell with him. Players from Japan signing MLB deals are included (Hello Tazawa! Please be awesome). When in doubt, Cot's Contracts is the Bible.