Red Sox Owe Nearly $12 Million In Luxury Tax
The Red Sox will pay Major League Baseball $11,951,091 in luxury tax, according to figures obtained by the Associated Press.
The Washington National were the only other team that exceeded the tax threshold of $197 million. They owe baseball $2,386,097.
As calculated for luxury tax purposes, Boston's payroll was $239.5 million. Washington's was $205 million.
Because Boston was more than $40 million over the tax threshold, their first selection in next June’s amateur draft will drop 10 spots. Their top pick had been projected to be No. 33 overall before the penalty.
The Yankees' payroll was $192.98 million. It was the first time in 15 years that they did not pay a tax.