Home Maury Brown Yankees Surpass $200 Million in Total Luxury Tax Payments

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Yankees Surpass $200 Million in Total Luxury Tax Payments PDF Print E-mail
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Written by Maury Brown   
Thursday, 22 December 2011 20:23
MLB Luxury Tax
Damn, Yankees! The Bronx Bombers surpass the $200 million mark in Luxury Tax
payments, select "read more" to see year-by-year figures

The bill collector came calling today for clubs in Major League Baseball that broke the Luxury Tax threshold for the league. And, as it has been in every case since the process was put in place by the league, the New York Yankees were hit with the highest bill. This year, the Yankees will pay $13,896,069, the lowest amount the Bronx Bombers have paid since 2003 when they paid $11,798,357. Last year, the Yankees paid $18,029,654. The only other club that will have to pay the tax this year will be the Boston Red Sox at $3,430,810, up from $1,487,149 last year. The Red Sox have paid the tax designed to put a damper on spending, a total of six times since 2003 when the current system was put in place (2004-07, 2010-11). The total they will pay this year is the third-highest behind only 2007 ($6,064,287) and 2005 ($4,148,981).

But, the Yankees have hit a more dubious milestone in terms of payments attached to MLB”s softcap, breaking the $200 million barrier for all-time payments since 2003. All told, the Yankees $206,109,142 in Luxury Tax over nine straight years. How does that add up compared to all payments?

A total of four clubs have paid the tax since 2003, the aforementioned Yankees and Red Sox, along with the Angels in 2004 ($927,059) and the Tigers in 2008 ($1,305,220) doing so only once. All told, $227,119,159 has been paid in Luxury Tax since 2003 with the Yankees accounting for 91 percent of the total.

SELECT READ MORE TO SEE LUXURY TAX INFO FOR EACH YEAR FROM 2003 TO 2011

 

The following shows Luxury Tax data in MLB as reported by The Associated Press from 2003 to 2011

 

Year Yankees Red Sox Angels Tigers TOTAL
2011 $13,896,069 $3,430,810

$17,326,879
2010 $18,029,654 $1,487,149

$19,516,803
2009 $25,689,173


$25,689,173
2008 $26,862,702

$1,305,220 $28,167,922
2007 $23,881,386 $6,064,287

$29,945,673
2006 $26,009,039 $497,549

$26,506,588
2005 $33,978,702 $4,148,981

$38,127,683
2004 $25,964,060 $3,148,962 $927,057 $30,040,079
2003 $11,798,357

$11,798,357
TOTALS $206,109,142 $18,777,738 $927,057 $1,305,220 $227,119,157

Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, and is a contributor to Forbes SportsMoney blog.. He is available as a freelance writer. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network (select his name in the dropdown provided).

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