• The Yankees Will Pay $29 Million In Luxury Tax This Year

    Summary of 2 articles · Updated Sep 11, 2013
    And when you're the New York Yankees, the most valuable sports franchise in America, having a season when you're charged a $29 million luxury tax comes with the very, very high-priced turf. Add the luxury tax bill and it totals $104.5 million. So how much money have the Yankees lost to injury this season? Right now, that figure is at $75.4 million. The $29 million figure, more than the Houston Astros' entire payroll, is being reported by Bob Nightengale of USA Today and it represents a 50 percent tax for the Yanks being over the $178 million payroll threshold. The Yankees got 28 games out of Kevin Youkilis, who signed a $13 million contract in the offseason. The Yankees payroll this season is $236.2 million, so they're paying 50 percent of the difference. Wow. But for these 2013 Yankees, with their aging stars and multiple disabled-list trips, that's just the beginning of the money that's being wasted.
    Source: deadspin.com
    • How the Yankees set nearly $100 million on fire with injured players and the luxury tax

      If you drive a Ferrari, then spending $75 when you fill up at the gas station isn't as eye-popping as it to a regular person. It's part of the show. And when you're the New York Yankees, the most valuable sports franchise in America, having a season whe…
      Source: yahoo.com

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