Update: Yankees hit with $28.1M luxury tax billBy
Dec. 17th: According to Ronald Blum, the Yankees were hit with a $28,113,945 luxury tax bill for the 2013 season. They finished the year with a $237,018,889 payroll, the highest in baseball history. (The Dodgers were only $146,647 behind New York.) Checks are due January 21st. Oh, and by the way, Maury Brown reports MLB’s annual revenues topped $8 billion for the first time in 2013. The game is healthier and teams are wealthier than ever before.
Sept. 11th: Via Bob Nightengale: The Yankees are currently looking at a record $29.1M luxury tax bill after the season. That is based off a $236.2M payroll and is not yet final. The luxury tax is officially calculated after the season and team payroll could still go up or down depending on trades (Brendan Ryan!) and call-ups and whatnot these next two weeks. The Dodgers ($9.9M) are the only other team facing the luxury tax this year.
The Yankees are taxed 50% on every dollar over the $178M threshold, which climbs to $189M next year. As you know, the team is trying like hell to get under that number and save both luxury tax and revenue sharing money down the road. Assuming that $29.1M number doesn’t change much, the Yankees will have paid over $253M in tax since the system was implemented in 2003. The rest of baseball will have paid just $32M or so. The Steinbrenners have shelled out $19.3M, $13.9M, $18M, and $25.7M in luxury tax in the three previous seasons.