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.