Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Wednesday, January 9, 2008

Hank says: Would Not Excede 5 Years on Johan

Hank "The Tank" Steinbrenner told Kat O'Brien that he would not exceed five years on a deal if they did manage to land Johan. Remember, if Johan does not like the contract he might not wave his no trade clause.

Tuesday, December 25, 2007

Yankees Shell Out $23 Million for Luxury Tax

The headline speaks for itself. It's $23.88 million to be exact. The way that the luxury tax is computed is:
  • The average salary for every player on the 40-man roster is added up
  • Any amount above $148 million (the value changes every year) is taxed at 40%
The Red Sox were the only other team taxed, owing $6.06 million. That's almost as much as Roger Clemens alone, who cost us $6.98 million. Thanks, Roger.