New York Yankees hit with 2013 luxury tax that exceeds the Houston Astros entire payroll

  • David Whitlock
http://yankeesfansunite.com

Credit: http://yankeesfansunite.com

In Major League Baseball, the rich get poorer, and the poor reap the benefits of the rich.  At least to an extent.  The New York Yankees 2013 luxury tax bill came to $28M according to Mark Feinsand of the New York Daily NewsAccording to ESPN, the Houston Astros entire payroll was $21M.

The Yankees continually set the bar when it comes to payroll.  According to Feinsand:

Since luxury tax penalties began in 2003, the Yankees have shelled out more than a quarter billion dollars, accounting for $252.7 million of the $285.1 million in tax paid by all teams in the majors.

Having exceeded the threshold for four straight years, the Yankees paid out at a rate of 50 percent. Their $28,113,945 bill was the second-highest behind their 2005 mark of $34.1 million.

According to the AP (via ESPN), the Yankees have held the salary crown since the Clinton Administration:

The Yankees finished with the highest regular payroll for the 15th consecutive year, winding up at a record $237,018,889.

The Yankees have set some internal goals to get below the cap in 2014 (after all, it’s one thing to not make the playoffs, it’s another to pay over $200M for the pleasure).  Although they didn’t resign Robinson Cano, they have snapped up a number of other free agents (Jacoby Ellsbury, Brian McCann, Derek Jeter) and still have some work cut out for them.

– David Whitlock

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David Whitlock

David Whitlock - manager

David (a.k.a. Longhorndave or lhd_on_sports) joined the staff late in the 2012 season and moved to Site Manager in early 2013. A lifelong Houston Astros fan (and mini-season ticket holder for 9 years) he attends 20+ games per year. A statistics freak, David still keeps score the "old fashioned way" on occasion (and has kept manual score of World Series games since 1986 and retains the sheets). He was a featured guest weekly on the Phil Naessens Show. He is also a Texas Longhorns alumnus and huge football and baseball fan of his alma mater. When he isn't watching or writing about baseball, he works as a contractor at NASA Johnson Space Center. He lives by the mantra "a bad day at the ballpark is better than a good day anywhere else."

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