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Luxury Tax Newsbeat

Friday, January 11, 2019

How MLB’s Luxury Tax Has Put a Deep Freeze on Spending - WSJ

Players also should consider the unintended consequences of their decision to screw amateurs and foreign free agents. By limiting the amount of money teams can spend on those players (in the hope the money would then be spent on MLB players), they’ve increased the surplus value of those players. At the same time, by not pushing for higher luxury limits, by not pushing for higher minimum salaries, and by limiting the money spent on farm/international players, teams (especially high revenue teams) have invested more money into improving their player development systems and processes. This, in turn, has made young players more viable options to replace higher cost veterans, enhancing their value even further.

Jim Furtado Posted: January 11, 2019 at 11:14 AM | 2 comment(s)
  Beats: cba, economics, luxury tax

Sunday, December 16, 2018

Red Sox owe $12 million in luxury tax, showing why they’d want to shed payroll

Wondering why the Red Sox would consider trading key contributors such as Rick Porcello and Jackie Bradley Jr.? This might be a big reason why.

According to the Associated Press, the Red Sox owe around $12 million in luxury tax payments after having the highest payroll in baseball this past season. The Nationals are the only other team to pay the tax, but their total was down around $2 million.

The Red Sox will also face a new penalty. Because they were $40 million over the luxury tax threshold ($197 million), their first pick in the 2019 MLB amateur draft will be dropped 10 places (From 33 to 43). For a team with a somewhat depleted farm system, those spots matter.

Of course, these are only issues if you let them be ones….

QLE Posted: December 16, 2018 at 04:29 AM | 18 comment(s)
  Beats: dollah dollah bills, y'all, luxury tax, red sox

Friday, September 14, 2018

Red Sox, Nationals only teams on track to pay MLB’s luxury tax

NEW YORK—The Boston Red Sox and Washington Nationals are the only teams on track to pay baseball’s luxury tax this year, according to opening-day payroll totals compiled by Major League Baseball and obtained by The Associated Press.

Boston’s payroll at the start of the season for purposes of the tax was $233.9 million, which would cause the Red Sox to pay a $9.4 million tax. Washington’s payroll was $201 million, which would result in a tax of $1.2 million.

San Francisco was just below the $197 million tax threshold at $196.66 million. The Giants were followed by the Chicago Cubs ($183.9 million), Houston Astros ($182.4 million), Los Angeles Dodgers ($181.99 million) and New York Yankees ($178.8 million).

I suspect that some of you will have a lot to say about this, in decidedly dramatic tones…..

QLE Posted: September 14, 2018 at 07:47 AM | 11 comment(s)
  Beats: luxury tax, nationals, red sox

 

 

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