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But now, 30 years later, the idea of a salary cap has stampeded back into public discourse. Its impetus: the free-wheeling, cash-flashing Los Angeles Dodgers and their seemingly bottomless pockets.
In place of a salary cap, the competitive balance tax regulates the total sum of money a given team can ... Los Angeles Dodgers: $0 $49,593 $2,663,079 $2,712,672 ...
As a result, the Dodgers have now accrued $1.039 billion of deferred salary over the last five years. For comparison, only the New York Mets and Boston Red Sox top even $50 million in current ...
The National Basketball Association also has a luxury tax provision; its utility is somewhat limited by the fact that the league also has a salary cap provision. The "hard" salary cap of the National Football League and the National Hockey League has prevented any need for a luxury tax arrangement. [2]
With Trevor Bauer's salary on their 2023 payroll, the Dodgers will face another luxury tax bill. That could affect their pursuit of free agents for '24. ... With Trevor Bauer's salary on their ...
This also skews the list towards sports with salary caps where salaries are therefore public knowledge and easy to cite. The contract figures referenced below are presented at face value and do not reflect potential pre or post-tax treatments. For example, contracts with European sports teams are typically quoted on a post-tax basis.
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 ...
Shohei Ohtani will receive just $20 million of his $700 million contract with the Los Angeles Dodgers over the next 10 years, with $680 million payable from 2034-43 in an unusual structure that ...