Thread: Other Sports 60 Minutes A-Rod Story
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Old 01-13-2014, 04:03 PM   #44
Marcellus Marcellus is online now
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Join Date: Sep 2003
Location: In denial.
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Quote:
Originally Posted by RippedmyFlesh View Post
There is no cap in baseball. Did the kc owners tell you that?
Knowledge is your friend. There is a soft cap with a luxury tax penalty above $189MM.

http://en.wikipedia.org/wiki/Luxury_tax_%28sports%29


Quote:
The threshold level for the luxury tax will be $189MM in 2014 (up from $178MM from 2011-2013) and will remain at $189MM through 2016. From 2012 through 2016, teams who exceed the threshold for the first time must pay 17.5% of the amount they are over, 30% for the second consecutive year over, 40% for the third consecutive year over, and 50% for four or more consecutive years over the cap.[3]
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