Financial bailout aid/help is on the way for the Royals

[2112]

Yankees hit with $26.9 million luxury tax
Dec. 22, 2008

NEW YORK -- The New York Yankees not only failed to make the playoffs, they were hit with their highest luxury tax in three years

The Yankees were assessed a $26.9 million tax by the commissioner's office on Monday, up from $23.9 million last year and their biggest bill since paying nearly $34 million for 2005.

The Detroit Tigers, who also failed to qualify for the postseason, are the only other team that must pay tax and owe $1.3 million to the commissioner's office.

Checks are due by Jan. 31.

Both teams received little for what they spent. The Yankees' streak of 13 consecutive playoff appearances ended, and they finished third in the AL East at 89-73, prompting them to spend nearly a quarter-billion dollars to sign pitchers CC Sabathia and A.J. Burnett.

Detroit entered the year with lofty expectations after acquiring Miguel Cabrera and Dontrelle Willis but went 74-88 and finished last in the AL Central.

While the Yankees pay at a 40 percent rate for the amount over $155 million, the Tigers pay at a 22.5 percent rate because they exceeded the specified threshold for the first time.

This year's figure brings the Yankees' total tax to $148.3 million in the six seasons since it began -- 90 percent of the total.

Before this year, the only other teams to pay were the Boston Red Sox, who owed $13.9 million for exceeding the threshold in four seasons, and the Los Angeles Angels, who paid $927,000 in 2004.

New York's payroll was $222.2 million and Detroit was second at $160.8 million for the purpose of the luxury tax. To computer it, Major League Baseball uses the average annual values of contracts for players on 40-man rosters and adds benefits.

The threshold rose from $148 million last year to $155 million this season. It goes up to $162 million next year and rises by $8 million in each of the following two seasons.

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The Royals owner is a thief. make your ****ing team better and stop pocketing the money.

[jidar]

[Archie Bunker]

[2112]

Originally Posted by jidar

I'm only reporting news concerning the bailout..I mean luxury tax.

[beer bacon]

In other news, the Yankees still suck.

[2112]

Originally Posted by beer bacon

In other news, the Yankees still suck.

But they're helping your shitty baseball team. so they can't be all that bad.

[beer bacon]

Originally Posted by D2112

But they're helping your shitty baseball team. so they can't be all that bad.

Nope, they are all that bad.

[HemiEd]

Originally Posted by D2112

But they're helping your shitty baseball team. so they can't be all that bad.

You should not go there.

The Royals were not a shitty team, until their rich owner passed on. RIP EK.

George ****ing Steinbrenner, continues to try and buy a championship, and ruin the sport.

Glad to see he is doing so well.

I hate the Yankess almost as much as the Raiders.

[kcfanXIII]

as a yankee fan i suppose by help our club out you mean trade you zack grienke. you selfish piece of shit, you don't like paying the tax, don't spend so much money.

[eazyb81]

Maybe the Yankees and Red Sox should just leave MLB and form their own league?

[eazyb81]

Also you buffoon, the Royals are not even in the bottom 5 in salary. Go take your whining to the Florida Marlins board.

[Dr. Johnny Fever]

Originally Posted by D2112

The Royals owner is a thief. make your ****ing team better and stop pocketing the money.

Ummm... that's what he's been doing.

[triple]

isn't kansas city's payroll in the middle of the league now?

[triple]

i looked it up, if they do get to 70 million it would put them between 19 and 20 last year on the payroll list

[kcfanXIII]

stop all the logic and facts. the only logic that makes sense to a new yorker is "spend more money."

and i agree that the yankmees and the red sux should go form their own league. they think they're the only two teams in baseball anyways.