Baseball
Related: About this forumDodgers, Mets among 6 teams hit with MLB luxury tax penalty
Last edited Thu Jan 19, 2023, 01:00 PM - Edit history (1)
NEW YORK (A.P.) -- The Los Angeles Dodgers were hit with a $32 million luxury tax for the second straight season, among six teams paying a penalty as baseball payrolls rebounded after the lockout to a record $4.56 billion.
The New York Mets set a luxury tax payroll record at $299.8 million, topping the $297.9 million of the 2015 Dodgers, and will pay tax for the first time since the penalty started in 2003, according to final figures compiled by Major League Baseball and obtained by The Associated Press.
The NL champion Philadelphia Phillies, New York Yankees, San Diego Padres and Boston Red Sox also exceeded the $230 million tax threshold. The total tax of $78 million topped the previous high of $74 million in 2016, when six teams also paid.
The Dodgers, assessed at a higher rate because they exceeded the threshold for the second straight year, owe $32.4 million on a luxury tax payroll of $293.3 million. That was down slightly from their $32.6 million penalty for 2021.
https://www.espn.com/mlb/story/_/id/35476066/dodgers-mets-six-teams-hit-mlb-luxury-tax-penalty
Where does the money go? According to the link:
The first $3.5 million of tax money is used to fund player benefits
50% of the remainder will be used to fund player individual retirement accounts.
The other 50% of the remainder goes to a supplemental commissioner's discretionary fund intended to be given to teams receiving revenue-sharing money that have grown their non-media local revenue over several years.
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"Discretionary fund intended" -- is this a way of saying there's no guarantee how the penalty money is spent?
Meanwhile, the big market teams continue to break the rules with impunity (other than a wrist slap).
Can we really blame them? MLB allows it.
303squadron
(676 posts)Yankees - threw good money away for a player who in April will be 2 years beyond the average peak performance of a major leaguer!
Mets - still paying Bonilla over a million every year - he hasn't played in the major leagues in over 20 years. And their manager's "genius" reputation was smashed when he was out managed by Snitker all last season.
Dodgers - won't go anywhere no matter how much money they spend with Dave Roberts pulling them down every year.
Red Sox - hire Bill James and win four World Serious! James retires and they turn into a second division team.
Padres - they need to pray harder to beat the Giants.
Phillies - couldn't stop the cheaters from winning the last World Serious!
These teams throw money at the problem because they think it will make up for a lack of baseball knowledge. And they know that a "luxury tax" will not aide in helping to establish competitive balance so what do they care?
So I've just offended large portions of the mlb fan base! Incoming expected!
awesomerwb1
(4,563 posts)Dave Roberts is a decent-ish manager during the regular season. During the playoffs he becomes completely clueless. Some people say it's the analytics guys "upstairs" who do the actual managing.
Auggie
(31,798 posts)No true cap allows teams to stockpile talent: deeper bullpens and better bench players. Whether they win or lose is still unfair to smaller market teams.