New York Yankees Kanji Cap
http://www.starbulletin.com/2000/02/15/features/story1.html
I know "New York Yankees" is "ニューヨーク・ヤンキース" in Japanese Katakana and 紐約洋基 in Chinese.
According to the news story, the character on the cap suppose to be Kanji for New York Yankees, but I have never seen the character before. Could anyone please verify that?