Yankees Owe Nearly $16 Million Luxury Tax
NEW YORK (CBSNewYork/AP) -- The Yankees will pay a luxury tax for the 15th consecutive season.
The Bronx Bombers owe $15.7 million, according to final figures compiled by the commissioner's office and obtained by The Associated Press. The Yankees will now have paid a total of $341 million since the tax began.
The Dodgers will pay the highest luxury tax, $36.2 million -- the fourth straight year they are being penalized.
The San Francisco Giants were next at $4.1 million, followed by Detroit at almost $3.7 million and Washington -- which is paying tax for the first time -- at just under $1.45 million.
The 2017 luxury tax threshold was $195 million.
(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)
