- Joined
- May 8, 2002
- Posts
- 349,894
- Reaction score
- 38
You must be registered for see images attach
Jorge Castillo of the Los Angeles Times reports that the Cubs, Red Sox, and Yankees exceeded the competitive balance tax (more colloquially known as the luxury tax) threshold for the 2019 season, set at $206 million. Teams that exceed the CBT threshold pay a penalty on the overage, which is compounded depending on how consistently they have exceeded the threshold. Furthermore, teams that exceed the CBT threshold by $20-40 million see an additional 12 percent tax.
Continue reading...
