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Old 12-22-2006, 07:14 PM
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Yankees Get $26 Million Luxury Tax

NEW YORK -- The Yankees got the bill Friday for their disappointing season.
The Yankees were slapped with a $26 million luxury tax by the commissioner's office, raising New York's total to $97.75 million over the past four years.


Boston, which missed the playoffs, was the only other team over the tax threshold and will pay $497,549.


New York hasn't won the World Series since 2000 and was knocked out in the first round of the playoffs for the second straight year. The Yankees paid tax in all four seasons of the just-expired collective-bargaining agreement: $11.8 million in 2003, $26 million in 2004 and $34 million for last year.


Although the Yankees' spending on players may have decreased because of the tax, the team says any dip was slight.

ESPN.com - MLB - Commissioner slaps Yankees with $26M luxury tax bill
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Old 12-22-2006, 07:16 PM
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Re: Yankees Get $26 Million Luxury Tax

how much longer can they keep up this pace without winning it all ?

will the Yankees ever cry uncle with the spending ?
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Old 12-22-2006, 09:11 PM
MJHMarc MJHMarc is offline
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Re: Yankees Get $26 Million Luxury Tax

Either Steinbrenner's bank account is huge, or he will be on the verge of bankcruptcy within the next few years.
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Old 12-22-2006, 10:39 PM
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Re: Yankees Get $26 Million Luxury Tax

The Yankees are a billion dollar corporation. They're not hurting for anything, trust me.
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Old 12-23-2006, 09:27 AM
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Re: Yankees Get $26 Million Luxury Tax

They almost doubled the entire team payroll for the Marlins in tax money.
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Old 12-23-2006, 09:32 AM
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Re: Yankees Get $26 Million Luxury Tax

Quote:
Originally Posted by azrael492 View Post
They almost doubled the entire team payroll for the Marlins in tax money.
Now see, if they force the team to move to Jersey none of this would ever be an issue...
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Old 12-23-2006, 12:10 PM
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Re: Yankees Get $26 Million Luxury Tax

Quote:
Originally Posted by Gotham Dark Knight View Post
Now see, if they force the team to move to Jersey none of this would ever be an issue...
What are you talking about?
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Old 12-23-2006, 03:35 PM
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Re: Yankees Get $26 Million Luxury Tax

Quote:
Originally Posted by Gotham Dark Knight View Post
Now see, if they force the team to move to Jersey none of this would ever be an issue...
Quote:
Originally Posted by EmpireWF View Post
What are you talking about?
i believe he means if the Yankees move to Jersey a high payroll wont be a problem.......as no stars would want to play there........as Jersey is one of the armpits of America
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Old 12-23-2006, 03:42 PM
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Re: Yankees Get $26 Million Luxury Tax

Quote:
Originally Posted by EmpireWF View Post
The Yankees are a billion dollar corporation. They're not hurting for anything, trust me.
keep in mind Empire, Donald Trump is a billionaire and he went bankrupt
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Old 12-24-2006, 10:01 AM
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Cool Re: Yankees Get $26 Million Luxury Tax

Other teams are starting to catch up - especially the the Red Sox. 70 million to JD Drew? Over 100 million counting the bidding for the Japanese pitcher?
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Old 12-24-2006, 05:11 PM
MJHMarc MJHMarc is offline
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Re: Yankees Get $26 Million Luxury Tax

Quote:
Originally Posted by simple simon View Post
keep in mind Empire, Donald Trump is a billionaire and he went bankrupt
Donald Trump has been in the gutters for most of his life.

His father made his business, and he just took it over and smiled for the cameras.

If it wasn't for his giant publicity or loans, he would be under the ice.
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Old 12-24-2006, 06:54 PM
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Re: Yankees Get $26 Million Luxury Tax

I'm sure the Yankee ownership doesn't like to write out checks that big for the other rich owners but it's the nature of the beast these days. Don't forget, by the end of the decade they will have a brand spankin' new ballpark to bring in even MORE cash.

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