Majorball
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From River Ave
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 years.
So are there any questions what our DNA is?
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 years.
So are there any questions what our DNA is?