Yankees hit with $28 million luxury tax; Dodgers to pay $11 million | iNFOnews | Thompson-Okanagan's News Source

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Yankees hit with $28 million luxury tax; Dodgers to pay $11 million

Graphic shows final 2013 major league team payrolls; 1c x 5 1/2 inches; with BBO--Major League Salaries; staff; ETA 5:30 p.m. ; 1c x 5 1/2 inches; 46.5 mm x 139 mm;
December 17, 2013 - 1:44 PM

NEW YORK, N.Y. - The New York Yankees have been hit with a $28 million luxury tax bill, pushing their total past the $250 million mark since the penalty began in 2003.

According to Major League Baseball calculations Thursday, the Los Angeles Dodgers are the only team that exceeded the tax threshold this year and must pay $11.4 million. Boston finished just under the tax threshold for the second straight year, coming in $225,666 shy of the $178 million mark.

Figures include average annual values of contracts for players on 40-man rosters, earned bonuses and escalators, adjustments for cash in trades and $10.8 million per team in benefits.

The Yankees finished with the highest regular payroll for the 15th consecutive year, winding up at a record $237,018,889. The Dodgers were just $146,647 behind.

News from © The Associated Press, 2013
The Associated Press

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