The New York Yankees recently were hit with a $25.7 million luxury tax bill. They were the only team this year that had to pay a luxury tax and they are the only team that consistently pays one since the tax started seven years ago. Since its inception the tax has raised $190 million with the Yankees contributing $170 million of that total. The Red Sox have paid $13.9 million for the 2004-07 campaigns. The Detroit Tigers paid $1.3 million in 2008 and Los Angeles Angels contributed $927,059 in 2004. Major League Baseball uses the average annual values of contracts plus benefits for players on the 40 man roster to determine the $162 million cut off for the luxury tax. The Yankees [...]
