Maybe for 2-3 years, a couple times...you blew teams out of the water (around 2005-2007 ish, maybe?). For many many year, the Yanks won with just barely outspending the next teams. That was under George, and if you looked at those years spending vs revenue, I am pretty sure those numbers compare closely to these recent years.
1998:
72M BAL
66M NYY
63M LA
(14 teams between 44M-62M)
1999:
88 NYY
82 TX
75 ATL
73 CLE
(16 teams 42M-72M)
2000:
93M NYY
88 LA
85 ATL
81 BAL
81 AZ
(17 teams 46M-79M)
2001:
110 NYY & BOS
109 LA
(15 teams 55M-93M)
NY starts pulling away...
2002:
126 NYY
108 BOS
105 TX
103 AZ
(12 teams 60M-95M)
2003:
153M NYY
117 NYM
106 ATL
103 TX
100 BOS
(9 teams 70M-87M)
2004:
183 NYY
125 BOS
101 LAA
101 NYM
(6 teams 81M-93M)
2005: Biggest domination
206 NYY
121 BOS
104 NYM
(8 teams 81M-96M)
2006: starts getting back closer
194M NYY
120 BOS
103 LAA
103 CWS
101 NYM
(9 teams 80M-99M)
2007: Red Sox Champs
190M NYY
143 BOS
115 NYM
109 LAA, CWS, LAD
106 SEA
(9 teams 80M -100M)
2008 Another big NYY spending year
209 NYY
138 NYM
138 DET
134 BOS
121 CWS
2009
201 NYY
136 NYM
135 Cubs
123 BOS
(8 team 95M-115M)
The gap closed after that, but you were still top 1 or 2 spenders until 2018.