With final luxury tax figures reported, a brief comparison to our estimate

At the completion of this season, I published a final estimate of the Yankees’ 2016 Competitive Balance Tax liability for no discernible benefit. Last week, the final tax payments were reported (bold emphasis is mine):

A record six teams are paying baseball’s luxury tax this season, led by the Los Angeles Dodgers at $31.8 million and the New York Yankees at $27.4 million.

The Yankees are paying for the 14th straight year since the tax began, raising their total to $325 million. New York has said it hopes to get below the threshold by 2018.

There you have it. With $27.4M due to the league office, I underestimated what the Yankees owed. My forecast was for a $26.4M levy. That’s not too far off, especially after considering my disclosures regarding where my calculation could have gone wrong.

This entry was posted in Austerity Budget, Ownership. Bookmark the permalink.

Comments are closed.