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View Full Version : Yankees hit with $34 million luxury tax ( Boston $4M)


Fenway
12-21-2005, 11:05 PM
http://sports.espn.go.com/mlb/news/story?id=2268025

Average salaries
http://sports.espn.go.com/mlb/news/story?id=2268047

NEW YORK -- The New York Yankees (http://sports.espn.go.com/mlb/clubhouse?team=nyy) and Boston Red Sox (http://sports.espn.go.com/mlb/clubhouse?team=bos) got extra bills Wednesday.
The Yankees were hit with a $34 million luxury tax and the Red Sox were told they owe $4 million to the commissioner's office.

Baseball's biggest rivals, both eliminated in the first round of the postseason, were the only teams to exceed the payroll threshold established in baseball's labor contract, according to figures sent to teams by the commissioner's office.

The Yankees owe $34,053,787 following tax payments of $25,964,060 last year and $3,148,962 in 2003.
Boston must pay $4,156,476, up from $3,148,962 last year.

CanBuehrleWait
12-22-2005, 12:06 AM
Glad to see the Luxury Tax is restoring the competitive balance in baseball.

But it's a joke. If your gonna swing that hammer you better lower the boom. What's another 4million when your payroll is in the 130million range.

I'd like to see something like if your payroll hits 105-110million you are automatically hit with a 20million dollar tax. Then your ok up to 120 million but every 5million over 120, you get hit for 2.5million more in tax. This could be adjusted as payrolls and revenue rise ala football. Owners get their money. It also protects fans. When the Furcals and the Burnetts of the world can't be offered ridiculous contracts the owners won't have convienient excuse to jack up the ticket prices (though that won't stop them anyways).

1951Campbell
12-22-2005, 08:44 AM
God, that's probably more than Tampa's payroll.

ondafarm
12-22-2005, 09:28 AM
The players aren't helping on this one either because they refuse to even discuss a cap or revenue sharing.

IMHO, what they should do is:

1) all TV - cable - network money goes into a pot and is divied up equally among all teams.

2) Every cent of this money must be used directly for player expenses. Salaries, signing bonusses, etc. This could be verified by indepenedent audits conducted by accounting firms of the Players Union choice.

3) Each franchise keeps all radio, ticket sales, stadium (ads, concessions/ parking) and merchandising money. This money can be used for more salaries or as the teams see fit.

4) A few franchises would be penalized because of long-term stadium deals.

5) Large market franchises would have an advantage becuase they have better ticket sales, better radio revenue and better merchandising.

6) Small market teams would still do pretty well becuase they'd have a baseline of $50-$65 million of player budgets to start with.

7) The Players Union should be happy because all teams would pay a reasonable amount for players.

8) Steinbrenner would hate it.

Frater Perdurabo
12-22-2005, 09:40 AM
The players aren't helping on this one either because they refuse to even discuss a cap or revenue sharing.

IMHO, what they should do is:

1) all TV - cable - network money goes into a pot and is divied up equally among all teams.

2) Every cent of this money must be used directly for player expenses. Salaries, signing bonusses, etc. This could be verified by indepenedent audits conducted by accounting firms of the Players Union choice.

3) Each franchise keeps all radio, ticket sales, stadium (ads, concessions/ parking) and merchandising money. This money can be used for more salaries or as the teams see fit.

4) A few franchises would be penalized because of long-term stadium deals.

5) Large market franchises would have an advantage becuase they have better ticket sales, better radio revenue and better merchandising.

6) Small market teams would still do pretty well becuase they'd have a baseline of $50-$65 million of player budgets to start with.

7) The Players Union should be happy because all teams would pay a reasonable amount for players.

8) Steinbrenner would hate it.

Gee, onda, that sounds like the "c" word! :wink::tongue: Let's not get Roadhoused!

Actually, I think that's a fantastic idea.

Hitmen77
12-22-2005, 09:40 AM
http://sports.espn.go.com/mlb/news/story?id=2268025

Average salaries
http://sports.espn.go.com/mlb/news/story?id=2268047

NEW YORK -- The New York Yankees (http://sports.espn.go.com/mlb/clubhouse?team=nyy) and Boston Red Sox (http://sports.espn.go.com/mlb/clubhouse?team=bos) got extra bills Wednesday.
The Yankees were hit with a $34 million luxury tax ....

And yet, they can still afford to spend $52 million on Damon. Unbelievable!

CanBuehrleWait
12-23-2005, 12:17 AM
And yet, they can still afford to spend $52 million on Damon. Unbelievable!

http://www.georgeblowfish.com/Steinbrenner%20smile.jpg"What's the matter? It's like buying a happy meal with a hundred dollar bill"