Contact Us

Yanks’ Luxury Tax Increases $400k to $19.3 Million

New York Yankees
Jonathan Daniel/Getty Images

NEW YORK (AP) – The New York Yankees’ luxury tax bill for this year has gone up by nearly $400,000.

Major League Baseball sent a revised accounting to the team Tuesday, raising New York’s payment to $19,311,642 from $18,917,994. The change reflected how one player’s salary was accounted for.

New York is the only team to pay the luxury tax this year. The Yankees’ final payroll for luxury tax purposes climbed from $222.5 million to $223.4 million.

The Yankees pay at a 42.5 percent rate on the amount over the $178 million threshold. The luxury tax uses average annual values of contracts and includes benefits.

New York’s regular payroll – 2012 salaries, earned bonuses and prorated shares of signing bonuses – increased from $223.3 million to a record $224.2 million.

More National Sports

Copyright 2012 by The Associated Press. All rights reserved. Material may not be redistributed.

More Local News

Latest Rock Report

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://b1027.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on B102.7 - Sioux Falls Classic Rock quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on B102.7 - Sioux Falls Classic Rock quickly by logging in with your Facebook account. It's just as secure, and no password to remember!