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Luxury Tax Newsbeat

Sunday, December 20, 2015

Dodgers hit with record $43.6 million luxury tax bill

Not that the Dodgers seem to mind. According to calculations by MLB, Los Angeles had a record payroll of $297.6 million this year — benefts included — which far exceeds the $189 million threshold. Any way you slice it, that’s a lot of money to have tied up in a baseball team, and a good chunk of that turned out to be dead money. As we noted after the Dodgers activity at the trade deadline, the team owed $87.5 million just to players who were no longer on the team. Another good chunk was tied up in players who were injured.

It’s not a new thing though under Friedman and Zaidi. The Dodgers exceeded the luxury tax the previous two seasons under Ned Colletti, paying a total of $38 million in luxury taxes.

Also worth noting, the Dodgers were far from alone this season. For the first time ever, four teams spent above the luxury tax threshold, bringing the overall total owed to $72.8 million. Of course, the New York Yankees are among them, paying $26.1 million this season. The Boston Red Sox owe $1.8 million and the San Francisco Giants will pay $1.3 million.

McCoy Posted: December 20, 2015 at 07:05 AM | 17 comment(s)
  Beats: dodgers, luxury tax, yankees

Friday, December 18, 2015

Could the luxury tax divide MLB owners in labor talks? - LA Times

Maybe Moreno shouldn’t talk to the press.

With players concerned that large-market teams can use the CBT as a self-imposed salary cap, and with baseball’s revenues approaching a record $10 billion per year, the threshold would figure to rise in the new labor deal that would take effect in 2017.

“There’s a possibility it could go down,” Moreno said.

Jim Furtado Posted: December 18, 2015 at 06:46 AM | 0 comment(s)
  Beats: cba, economics, luxury tax

Friday, August 14, 2015

Giants may be willing to pay luxury tax to pursue Phillies’ Utley | FOX Sports

The San Francisco Giants, seeking their fourth World Series title in six years, have crossed a new payroll boundary and might continue to add salary before the Aug. 31 deadline for setting postseason rosters.
For the first time, the Giants are in position to exceed the luxury-tax threshold, according to major-league sources. Yet, the team continues to explore trades for hitters such as Phillies second baseman Chase Utley, sources say.
The threshold, introduced in the 2003-06 collective-bargaining agreement, is $189 million. The Giants were about $1.5 million over that figure, including player-benefit costs, before adding Reds right-hander Mike Leake on July 30. Absorbing the remaining $3.58 million on Leake’s contract put the team about $5 million over the limit, sources say. The Giants also pursued a more expensive pitcher, then-Phillies left-hander Cole Hamels, indicating that they were prepared to go even higher.

Jim Furtado Posted: August 14, 2015 at 07:47 AM | 12 comment(s)
  Beats: giants, luxury tax

 

 

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