Sports

El Supremo

(20,365 posts) Fri Dec 18, 2015, 10:14 PM Dec 2015

Four unsuccessful baseball teams have to pay a record luxury tax.

NEW YORK (AP) — The Los Angeles Dodgers were hit Friday with a record luxury tax of nearly $43.6 million for a payroll that fell just shy of $300 million.

For the first time, four teams exceeded baseball's spending threshold and owe tax. The New York Yankees and Boston Red Six will pay along with the San Francisco Giants, a first-time offender.

Even if all that spending didn't translate into success on the field.

(snip)

The Dodgers, who have not reached the World Series since winning the 1988 title, have a three-year tax total of $81.6 million....

http://news.yahoo.com/ap-newsbreak-dodgers-hit-over-43m-luxury-tax-231914684--spt.html

4 replies

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Highlight:

Four unsuccessful baseball teams have to pay a record luxury tax. (Original Post) El Supremo Dec 2015 OP

Salary Cap erpowers Dec 2015 #1

Why? It's not affecting the competitive balance of the league. Royals showed that. Yavin4 Dec 2015 #3

One of those "unsuccessful teams" just went over by loading up on pitching KamaAina Dec 2015 #2

Red Sox and Giants will pay $1.8 million and $1.3 million ... pocket change, these days. Auggie Dec 2015 #4

erpowers

(9,350 posts)

1. Salary Cap

Reply to El Supremo (Original post)

Fri Dec 18, 2015, 10:43 PM

Dec 2015

Baseball needs a salary cap. I am not against paying professional athletes large amounts of money, but I think it is just crazy to have a team payroll of just under $300 million. It seems these monster payrolls do not work as well as some would think.