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The Yankees and Red Sox pay the luxury tax

Dec 21, 2010, 6:24 PM EDT

stack of money

According to the Associated Press, the Yankees and the Red Sox were the only two teams that paid MLB’s luxury tax for the 2010 season.

The Yankees were hit with an $18 million tax, which was actually their lowest total since the first year of the system in 2003. They paid a whopping $25.7 million last year.

As for the Red Sox, they reportedly paid a tax of just under $1.5 million. It was the first time the team had surpassed the luxury tax threshold since 2007.

Next year, the Red Sox will be taxed at a rate of 30 percent for any payroll expenditures over the luxury tax threshold of $178 million. If these estimates by Alex Speier of WEEI.com are correct, you can expect them to pay again after 2011.

  1. ThatGuy - Dec 21, 2010 at 10:32 PM

    Its a Festivus for the rest of us…

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