December 14, 2012

Yankees Hit with $18.9 Million Luxury Tax: The New York Yankees have been assessed an $18.9 million luxury tax by Major League Baseball. The team had a $222.5 million payroll, exceeding the $178 million threshold for the tax. This is the 10th consecutive year they've been hit with the penalty. The Red Sox, Angels and Phillies all were slightly below the threshold. Next year, the Los Angeles Dodgers may be paying the tax. The team is currently at $207.9 million for 21 signed players.

posted by rcade to baseball at 11:18 PM - 0 comments