Tuesday, December 22, 2009

Luxury Tax Time For Yanks

The Yankees were the only team forced to pay a luxury tax for the 2009 season, and the bill came in at just under $26 million ($25.69). Marc Carig has some more info on the luxury (Yankee) tax:
The Yankees have been billed $174 million of the tax's $190 million total since 2003. The only other teams to pay have been Boston ($13.9 million for 2004-7), Detroit ($1.3 million for 2008) and the Los Angeles Angels ($927,059 for 2004).
So the Yanks 27th championship ends up costing the organization $281.89 million. To me it was well worth it. I'm sure the Steinbrenner's feel the same way.

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