Yankees hit with $28 million luxury tax - New York News

Yankees hit with $28 million luxury tax

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New York Yankees New York Yankees

RONALD BLUM | AP Sports Writer

NEW YORK (AP) — The New York Yankees have been hit with a $28 million luxury tax bill, pushing their total past the $250 million mark since the penalty began in 2003.

According to Major League Baseball calculations Thursday, the Los Angeles Dodgers are the only team that exceeded the tax threshold this year and must pay $11.4 million. Boston finished just under the tax threshold for the second straight year, coming in $225,666 shy of the $178 million mark.

Figures include average annual values of contracts for players on 40-man rosters, earned bonuses and escalators, adjustments for cash in trades and $10.8 million per team in benefits.

The Yankees finished with the highest regular payroll for the 15th consecutive year, winding up at a record $237,018,889. The Dodgers were just $146,647 behind.

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