Yankees, Dodgers hit with big luxury tax payments
The New York Yankees will have to pay $28 million in luxury tax for 2013, while the Los Angeles Dodgers received an $11.4 million bill from the MLB, according to the Associated Press.
The Yankees’ penalty puts them over a quarter of a billion dollars paid to the luxury tax since it was instituted ten years ago. Their $237,018,889 payroll also places them as the biggest spending team in Major League Baseball for the 15th consecutive year. Despite their mammoth payroll the Bronx Bombers failed to make the postseason in 2013.
The Dodgers were the only other team to exceed the $178 million dollar spending limit in 2013 with a payroll of $236,872,242, just $146,647 less than the Yankees.
Earlier on Tuesday, Forbes reported that the MLB saw revenues break the $8 billion mark this year.