The LoHud Yankees Blog

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


The Yankees decade of luxury tax payments

Posted by: Chad Jennings - Posted in Misc on Dec 18, 2012 Print This Post Print This Post | Email This Post Email This Post

In connection with today’s story on the Yankees luxury tax bill for 2012, the Associated Press sent the following two paragraphs and chart, detailing what exactly goes into a team’s total payroll figure and outlining the Yankees payroll for the past decade.

(The following is) the New York Yankees’ payroll for luxury tax purposes each year, and the team’s tax, as compiled by the commissioner’s office, and the percentage tax rate the team paid on its overage.

Payrolls are for 40-man rosters and include averages of multiyear contracts plus a 1-30th of Major League Baseball’s costs of health and pension benefits; clubs medical costs; insurance; workman’s compensation, payroll, unemployment and Social Security taxes; spring training allowances; meal and tip money; All-Star game expenses; travel and moving expenses; postseason pay; and college scholarships.

 
 

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