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 News. According 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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