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| 24th December, 2007 - 4:18 pm | AP - The Yankees did accomplish something this year: they lowered their luxury tax for the second straight season.
The Yankees were hit with a tax bill of $23.88 million by MLB in a notice sent to teams late Friday, pushing them over the $100 million mark since the penalty for profligate spending was introduced in 2003.
The only other club that must pay the competitive-balance tax, as it is formally known, is the World Series' champion Red Sox, who owe $6.06 million.
Checks are due at the commissioner's office by January 31. [READ] |
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