Dec 14, 2012, 8:19 PM EDT
According to the Associated Press, the Yankees will pay a luxury tax to MLB for the 10th consecutive year.
The Yankees finished with a $222.5 million payroll for the purposes of the tax, well above the $178 million threshold. They were charged at 42.5 percent of the overage, so they’ll owe $18.9 million to MLB. No other team will pay a luxury tax for their 2012 payroll.
This year’s fee is up from the $13.9 million tax paid by the Yankees last year. The club has racked up a luxury tax bill of $224.2 million over the past decade, but the streak may not continue for much longer. The Yankees are currently trying to get their payroll under the new $189 million luxury tax threshold beginning in 2014, which is a big reason why general manager Brian Cashman has tried to hand out one-year deals this offseason. Ichiro Suzuki‘s new two-year, $13 million deal is an exception, though they only went there because he received multi-year offers elsewhere.
The Red Sox paid the luxury tax in 2010 and 2011, but they fell just $47,177 short of the threshold this year. August’s mega-trade with the Dodgers gave them just enough breathing room.
- 2015 Preview: Chicago White Sox 13
- Did David Ortiz admit to more than he realized with his Players’ Tribune editorial? 77
- 2015 Preview: Atlanta Braves 14
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” 113
- 2015 Preview: Chicago Cubs 14
- Unsigned 2014 No. 1 overall pick Brady Aiken undergoes Tommy John surgery 61
- 2015 Preview: Seattle Mariners 15
- Cardinals add “OT” patch for Oscar Taveras 76
- Ex-Cardinals outfielder Curt Ford was assaulted in St. Louis and told to “go back to Ferguson” (116)
- College baseball player cut after making offensive tweet about Mo’ne Davis (115)
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” (113)
- Mo’ne Davis says college ballplayer who wrote an offensive tweet about her deserves a second chance (88)
- Rob Manfred says it would be hard to reinstate Pete Rose in a limited way (88)