Found September 11, 2013 on Pro Sports Daily:
The New York Yankees in danger of missing the postseason for only the second time in 19 years are also facing a record $29.1 million luxury tax penalty according to salary figures obtained by USA TODAY Sports. That's about equal to the entire Houston Astros payroll. The Yankees currently have a $236.2 million payroll for purposes of the luxury tax and must pay a 50% tax over the $178 million threshold as a repeat violator. The Los Angeles Dodgers are the other team Major League team that will be required to pay a luxury tax this year. The Dodgers currently have a franchise-record $234.5 million payroll for its 40-man roster. Yet the Dodgers' penalty will be much less of a financial hit than the Yankees since it's their first offense. They will be taxed at 17.5% paying a tax of about $9.9 million to MLB's central fund. "We are mindful of the tax'' Dodgers president Stan Kasten told USA TODAY Sports. "We understand the impact it will be this year...
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