TheBaseballPage.com

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

 

More From Around the Web

Sponsored Links

This day in baseball history

April 20

  • 1988

    On April 20, 1988, the Baltimore Orioles set a major league ...

  • 1987

    On April 20, 1987, the Milwaukee Brewers win their 13th cons ...

  • 1944

    On April 20, 1944, Elmer John Gedeon becomes the first major ...

More Baseball History

Player Profile

Cap Anson

1B, Chicago Cubs

Read Bio
Hall of Fame

Nap Lajoie

1B, Philadelphia Athletics

Read Bio
Season Profile

2002 New York Yankee

After coming within

Read Bio
Historical Figure

Pedro Treto Cisneros

 

Read Bio
Manager Profile

Lave Cross

St. Louis Cardinals

Read Bio
Ballpark Profile

Mall of America

  Home of the Minnesota

Read Bio
No votes yet

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
Login or register to post comments

Stay Connected

Share |

Today's Poll

Will Red Sox Repeat in 2014: