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  2. Major League Baseball luxury tax - Wikipedia

    en.wikipedia.org/wiki/Major_League_Baseball...

    From 2022 onwards, at least one team surpassed the tax threshold each year. 2023 saw a then-record-breaking eight teams exceed the luxury tax threshold, [15] which was then surpassed the following year when nine teams exceeded the luxury tax. [16] Below is a breakdown of how much each team paid during the 2022 through 2024 seasons. [17]

  3. Report: 3 MLB teams paying bulk of record $311M in luxury taxes

    www.aol.com/report-3-mlb-teams-paying-185515239.html

    The tax rate goes up based on how many consecutive seasons a club goes over the threshold, which was $237 million in 2024. That amount will rise to $241 million next season. --Field Level Media

  4. Luxury tax (sports) - Wikipedia

    en.wikipedia.org/wiki/Luxury_tax_(sports)

    As explained by Fangraphs: "Technically called the 'Competitive Balance Tax', the Luxury Tax is the punishment that large market teams get for spending too much money. While MLB does not have a set salary cap, the luxury tax charges teams with high payrolls a considerable amount of money, giving teams ample reason to want to keep their payrolls ...

  5. How MLB’s luxury tax became the sticking point ... - AOL

    www.aol.com/news/mlb-luxury-tax-became-sticking...

    The Competitive Balance Tax (CBT), better known as the luxury tax, is a sticking point in the ongoing labor negotiations between Major League Baseball and the Players Association. The CBT is said ...

  6. Mets will pay roughly $111M, more than 10 MLB teams ... - AOL

    www.aol.com/sports/mets-pay-roughly-111m-luxury...

    As a result, the Mets are projected to pay roughly $111 million in luxury tax fees in 2023, per ESPN's Jeff Passan. That figure is higher than what 10 MLB teams will pay their entire 26-man ...

  7. World Series champion Dodgers top MLB luxury tax at $103 ...

    lite.aol.com/sports/story/0001/20241220/dbd88c1...

    The total tax of $311.3 million topped the previous high of $209.8 million last year, when eight teams paid. Tax money is due to MLB by Jan. 21. More than $1 billion in taxes have been collected since the penalty started in 2003, with 15 teams paying $1.23 billion. The Yankees lead at $452 million, followed by the Dodgers at $350 million and ...

  8. Salary cap - Wikipedia

    en.wikipedia.org/wiki/Salary_cap

    In 2014, the AFL and its clubs accepted a luxury tax on football department spending (excluding the salary cap) to take effect in 2015 and an overall revenue tax to take effect by 2017. Clubs that exceed the football department cap will pay the AFL the lesser of $1 million or 37.5% of the excess, and repeat offenders will pay the lesser of 75% ...

  9. Angels remain over the luxury-tax threshold after salary dump ...

    www.aol.com/news/angels-remain-over-luxury-tax...

    The Angels were estimated to be a little over $3 million past the $233 million threshold, according to COTs Baseball Contracts, though COTs did not include the Angels' recent selection of Paris ...