luxury tax

Yankees third baseman Alex Rodriguez (Photo by Jim Rogash/Getty Images)

Report: A-Rod’s Full Ban Must Be Upheld For Yankees To Come In Under $189M

The reason why the Yankees and $189 million keep being brought up is if they can come in under that amount, their luxury tax rate would be slashed from 50 percent to 17.5 percent. A-Rod may be the key.

12/05/2013

Jacoby Ellsbury (Photo by Elsa/Getty Images)

Yankees Shock Baseball World With Jacoby Ellsbury Splash

Ellsbury, who turned 30 in September, led the majors with 52 stolen bases despite being hobbled late in the season by a broken right foot. The lefty-hitting leadoff man batted .298 with nine homers and 53 RBIs.

12/04/2013

The Yankees’ Robinson Cano blasts a double off of the right field wall during the third inning against the Red Sox on Sept. 5, 2013. (Photo by Rich Schultz/Getty Images)

AP: Yankees Have About $80 Million To Work With To Stay Under Luxury Tax

Derek Jeter’s new contract has increased the Yankees’ luxury tax payroll to $97.71 million for seven signed players next year.

11/05/2013

Joe Girardi (Photo by Al Messerschmidt/Getty Images)

Steinbrenner On WFAN: Girardi Resolution ‘Needs To Be Done Quickly’

“I talked to Joe on two different occasions,” Steinbrenner said. “I made it clear to him that we do want him back. My family thinks he did a great job this season given everything that happened. We’re gonna try to work something out.”

10/08/2013

(Photo by Patrick McDermott/Getty Images)

Robertson’s $3.1M Contract Pushes Yankees’ Payroll Up To $206M

David Robertson will earn $3.1 million under his one-year deal with the Yanks, increases Yankees’ projected payroll to about $206M.

01/26/2013

Hal Steinbrenner (credit: Jim McIsaac/Getty Images)

Yankees Hit With A $18.9M Luxury Tax Bill

The New York Yankees have been hit with an $18.9 million luxury tax by Major League Baseball, the 10th consecutive year they will pay a penalty for their spending.

12/14/2012

Brian Cashman (credit: Jim McIsaac/Getty Images)

Brian Cashman Ready To Handle Yankees Lower Payroll

New York general manager Brian Cashman says even with planned payroll cuts that the Yankees will still out spend everyone else in baseball.

03/02/2012

Hal Steinbrenner (credit: Jim McIsaac/Getty Images)

Hal Steinbrenner: Yankees ‘Don’t Need $220 Million Payroll’

Steinbrenner says it’s his goal to lower the team’s payroll to $189 million over the next few years.

WFAN–03/01/2012

(credit: Jim McIsaac/Getty Images)

Report: Giants Iffy On Trading Top Prospect For Mets’ Carlos Beltran

Like closer Brian Wilson, the Giants apparently want Mets slugger Carlos Beltran in San Francisco. They just don’t want to part with any big-time youngsters for him.

WFAN–07/22/2011

An Aston Martin Virage (file / credit: SEBASTIAN DERUNGS/AFP/Getty Images)

Malloy’s Plan To Hike Luxury Tax Draws Ire In Greenwich

Some residents in Greenwich are not liking Connecticut Gov. Dan Malloy’s proposal to raise the sales tax to 9.35 percent on expensive luxury cars.

04/11/2011

(Photo by Jim McIsaac/Getty Images)

Yankees Saddled With ‘Low’ $18M Luxury Tax

New York was hit with an $18 million luxury tax by MLB on Tuesday. The tax was New York’s lowest since 2003 and down from $25.7 million last year, when the Yankees won the World Series.

WFAN–12/21/2010