The Yankees sought to develop their own players , rather than buying them from other teams , especially after the investment of $ 100 @,@ 000 ( $ 1 @,@ 362 @,@ 261 in current dollar terms ) in Lyn Lary and Jimmie Reese in 1927 . However , Weiss and Bill Essick convinced Barrow to approve the purchase of Joe DiMaggio from the Pacific Coast League .