The LoHud Yankees Blog

A New York Yankees blog by Chad Jennings and the staff of The Journal News


Yankees luxury tax bill keeps shrinking

Posted by: Chad Jennings - Posted in Misc on Dec 23, 2011 Print This Post Print This Post | Email This Post Email This Post

The Associated Press reports that the Yankees once again have been charged with baseball’s largest luxury tax, but it’s their lowest in nearly a decade and it’s been steadily declining in recent years. Here’s the AP with the details.

The New York Yankees have been hit with a $13.9 million luxury tax bill, their lowest since 2003.

The fee, assessed Thursday by Major League Baseball under its labor contract, is down from $18 million last year and $25.7 million in 2009, when the Yankees won the World Series.

Boston, which missed the playoffs this year, is the only other team that will have to pay a tax. The Red Sox received a bill for $3.4 million, up from last year’s $1.5 million.

Season-ending payroll information and the tax was sent to teams and obtained by The Associated Press.

According to the collective bargaining agreement, checks to pay the tax must be sent to the commissioner’s office by Jan. 31.

 
 

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