Yankees hit with $13.9 million luxury tax bill

The Yankees were hit with a luxury tax bill of $13.9 million for going over the threshold this past season, according to an Associated Press report.

It’s the second consecutive season where the bill went down. It was $25.7 million after 2009 and just $18 million a year ago. Their current plan is to get payroll under the $189 million threshold by the 2014 season when the penalty for going over increases from 40 to 50 percent. The only other team hit with a bill was the Red Sox who had to pay $3.4 million.

It would be nice to see them pass some of those savings along to us in the form of cheaper tickets, but that isn’t going to ever happen.

This entry was posted in Yankees News. Bookmark the permalink.

Comments are closed.