NEW YORK (AP) — The Los Angeles Dodgers and New York Yankees are cutting payroll and their luxury tax bills — just as Bryce Harper, Manny Machado and perhaps Clayton Kershaw near the free-agent market after the 2018 season. The San Francisco Giants also are set to slice their payment in the first season of baseball's new collective bargaining agreement, but the Detroit Tigers are slated to pay more despite saying they want to reduce payroll. The Dodgers are forecast to pay a $25.1 million competitive balance tax this year, according to opening-day calculations by the commissioner's office obtained by The Associated Press, down from $43.6 million in 2015 and $31.8 million last year. The tax threshold increased from $189 million to $195 million under the new labor contract, and rates were simplified to three levels: 20 percent for first-time payers, 30 percent for those owing for a second straight season and 50 percent for clubs paying three times in a row or more. Another change calls for a team more than $40 million above next year's tax threshold of $197 million to have its top draft pick moved back 10 places — with an exception that if a club has a pick among the top six, that would be protected and its second pick would be moved back 10 slots. The Dodgers have a major league-high $238 million payroll for purposes of the tax, which uses the average annual values of contracts for players on 40-man rosters and includes $13.96 million per team in benefit costs.
Apnewsbreak: Dodgers, Yankees Cut Projected Luxury Tax Bills
By RONALD BLUM, AP Baseball Writer, San Antonio Express-News: World
Sun, 04/23/2017 - 11:24pm
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