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Luxury tax set at $178 million in 2012; Yankees, Red Sox, and Phillies are in jeopardy.

Luxury tax set at $178 million in 2012; Yankees, Red Sox, and Phillies are in jeopardy.

Luxury tax set at $178 million in 2012; Yankees, Red Sox, and Phillies are in jeopardy.

Jon Heyman of SI tweets "Hear teams over $178M lux tax threshhold will be taxed at 42 pct in 2012, 50 pct in '13. Mainly affects nyy, bos, phil. #MLB, #cba" @SI_JonHeyman

"sources: luxury tax threshhold on payrolls will stay at $178M for '12 and '13, rise to $189M for '14, '15, '16. #MLB, #cba" @SI_JonHeyman

"While there r no hard slots for draft, tax for teams over recommended slots said significant. Also, tax on international signings" @SI_JonHeyman

Based on beginning of the year salaries for the 2011 season(USA Today), the only team over the $178M for 2012 were the New York Yankees at $ 202,689,028.

The Phillies were second at $172,976,379, Boston was third at $161,762,475 and the White Sox were fourth, way behind, at $138,543,166.

The only teams that are realistically in jeopardy of these taxes in 2012 are the Yankees, Phillies, and Red Sox.

 

In 2010 the luxury tax was $170M, the Yankees ($18M) and Red Sox ($1.49M) were the only teams penalized.

By Truth and rumors
Tuesday, 22 Nov 2011

 
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Comments

  • Essential said: I don’t think they are. They are two of the most famous teams out there. - Adam LaFavre 6:48PM 03/09/14
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