While Lackawanna County and Luzerne County retain ownership, the club is managed by Mandalay Sports Entertainment, which also runs several other Minor League teams, including the Yankees' short season Class-A team, the Staten Island Yankees. In the management deal, Mandalay has the option of purchasing the team for between $13 million and $16.4 million, depending on the timing of the purchase. There is also some concern that the team could be moved out of Northeastern Pennsylvania unless a new stadium is built.
Stadium problems following the season caused the Jets to relocate to Charleston, West Virginia as the Charleston Charlies. In , the Charlies won the franchise's only IL title, defeating the Pawtucket Red Sox, who had defeated the Charlies for the title in 1973. The team moved from West Virginia to Old Orchard Beach, Maine prior to the season, and became the Maine Guides. In their first season as the Guides, the team again lost the IL title to the PawSox. In , the franchise moved to their current home in Pennsylvania.
From 1989 until , the team was known as the Scranton/Wilkes-Barre Red Barons, and was affiliated with the Philadelphia Phillies as their top minor league farm team. After the 2006 season, the Ottawa Lynx signed a Player Development Contract with the Phillies in anticipation of their move to Allentown's new Coca-Cola Park for the 2008 season.
In April 2006, the team unveiled a renovated clubhouse, which is considered to be similar in quality to major league clubhouses.
On September 21, 2006, the Red Barons announced a two-year affiliation agreement with the New York Yankees, ending the Yankees' 28-year relationship with the Columbus Clippers. The Red Barons sold 47,000 tickets on the day of the announcement.
On December 12, 2006, the team officially changed its nickname to the Yankees, and unveiled new team logos and uniforms. The SWB Yankees' logo is almost identical to Staten Island's, with the exception of the different city names.
In the future, the New York Yankees would like for a new baseball stadium to be built for their AAA team in the Scranton/Wilkes-Barre area. A Yankees-themed hotel, various shops, and a Yankees museum would be built in the area as well.
The Red Barons never won the Governors' Cup, the championship of the IL, but have played in the championship series 3 times.
As the Maine Guides, they played in the championship series once.
As the Charleston Charlies, they won the Governor's Cup once, and played in the championship series 2 times.
The team's two home uniforms are white with navy blue pinstripes, mirroring those of the parent club. The primary home jersey features the cap logo on the left chest, while the alternate home jersey features the Yankees wordmark, across the chest,however they have only worn them on one occasion which was opening day 2007 The home cap is navy blue. There is also an alternate cap, which is navy blue and features the scripted "Y" from the home cap, but without the bat and Uncle Sam hat.
The team's road uniforms are grey with navy blue and white trim, with the Yankees wordmark across the chest.In 2008 the team began wearing their navy blue batting practice jerseys for a majority of their road games and have also stopped wearing their road gray hats with the blue bill and now wears their blue alternate cap with the Y on it for their road games. j. .
The team's former radio play-by-play announcer, Kent Westling, retired prior to the 2008 season and had been with the franchise since it moved to Pennsylvania in 1989. While he cut back his schedule in later years, Westling, a former local television sportscaster who once worked on telecasts of St. Louis Blues hockey team, had been behind the microphone for more than 2,000 games until announcing his resignation after the 2007 season. Bill Savage, a sports writer for The Times Leader in Wilkes-Barre, covered the team for its first six seasons, and during that stretch, from 1989 to 1994, missed only about 10 of the team's games.