Daily Archives: December 15, 2012

Yankees Offseason Notes: Yanks slapped with $18.9 Million Luxury Tax

For the 10th consecutive year, the Yankees will have to pay a luxury tax for once again overspending. The amount? $18.9 Million. The Yankees finished with $222.5 Million on their payroll according to the Associated Press. The numbers were calculated by including the average annual values of contracts on the 40-man rosters, the earned bonuses, adjustments for cash and trade and  $10.8 Million per team in benefits. Over the last 10 years, the Yankees total for luxury tax has been $224.2 Million and the Yankees finished as the top spending team for the 14th year in a row. The LA Dodgers can take the top spot next year as they have already have $207.9 Million in signed contracts–for 21 players. Most of it has to do with the trade from the Boston Red Sox that happened in July that sent Josh Beckett, Carl Crawford and Adrian Gonzalez to LA. The Yankees are only at $182 Million for 14 players (that includes Ichiro’s not yet completed deal).

Checks to the commissioner office  must be sent in by January 21.