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  • December 21, 2024

A record nine MLB teams were over the luxury tax threshold for 2024, according to a memo sent to teams on Friday and obtained by ESPN. The result was a record $311 million paid in penalties, led by the Los Angeles Dodgers who are paying $103,016,896. The New York Mets were next at $97,115,609. The Chicago Cubs were taxed the least, paying $570,309. The six other teams, along with their penalties, who had Competitive Balance Tax (CBT) payrolls higher than $237 million, which triggers the tax, include the New York Yankees ($62,512,111), the Philadelphia Phillies ($14,351,954), the Atlanta Braves ($14,026,496), the Texas Rangers ($10,807,196), the Houston Astros ($6,483,041) and the San Francisco Giants ($2,421,788). The Dodgers, Mets, Yankees and Phillies were taxed at a base rate of 50% because they've been over the tax in three or more consecutive years. The Braves and Rangers exceeded the threshold for the...

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