MLB

Report: Yanks face record luxury tax

Image: Mark Teixeira of the New York Yankees (© Noah K. Murray/USA TODAY Sports)
Mark Teixeira will earn $22.5 million this season despite playing in only 15 games.
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The New York Yankees will have to pay a record $29.1 million luxury tax penalty this season, USA Today reports.

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Putting it into perspective, the newspaper notes that sum is about the equivalent of the entire Houston Astros’ payroll for this season. The Yankees’ 2013 payroll is estimated to be $236.2 million, well above the $178 million tax threshold.

Alex Rodriguez, Vernon Wells, Mark Teixeira and CC Sabathia each will earn more than $20 million this season, while Derek Jeter, Robinson Cano, Curtis Granderson, Hiroki Kuroda, Andy Pettitte, Kevin Youkilis and Mariano Rivera are owed at least $10 million each.

The Yankees are the only team that has paid a luxury tax in each season since its implementation 10 years ago, USA Today reports. The total bill will exceed $250 million after this season.

The only other team facing a luxury-tax penalty for the 2013 season is the Los Angeles Dodgers, who will owe roughly $9.9 million, according to USA Today. The Dodgers’ overall payroll is $234.5 million.

Tagged: Yankees

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