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.

Jacoby Ellsbury rounds the bases after hitting a two-run home run against the Toronto Blue Jays on Sept. 5, 2016, at Yankee Stadium (Photo by Rich Schultz/Getty Images)

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.)

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