Tagged: ‘luxury tax’

New York Yankees Hit with $18.9 Million Luxury Tax
December 15th, 2012 at 10:06 AM
The New York Yankees have been hit with a luxury tax of $18.9 million by Major League Baseball, after finishing the season with the highest payroll in the league.  ***PHOTO1*** The Yankees finished the season with a $222.5 million payroll, as reported by The Associated Press. Payroll figures for tax purposes include...

Financial Limit Spells Quiet Winter for New York Yankees
December 7th, 2011 at 8:00 AM
As it turns out the Yankees do have limits. Much to everyone's surprise, the Yankees have remained quiet at this year's Winter Meetings due to financial limitations. It was first reported that the Yankees were interested in signing Mark Buehrle then C.J. Wilson, Yu Darvish, and the list continued to...