Yankees pay $19.3 million in luxury tax
CC Sabathia on the mound in the first inning of his ALCS game against the Detroit Tigers at Comerica Park. (Oct. 18, 2012) Credit: Newsday/Thomas A. Ferrara
The New York Yankees' luxury tax bill for this year has gone up by nearly $400,000.
New York is the only team to pay the luxury tax this year. The Yankees' final payroll for luxury tax purposes climbed from $222.5 million to $223.4 million.
The Yankees pay at a 42.5 percent rate on the amount over the $178 million threshold. The luxury tax uses average annual values of contracts and includes benefits.
New York's regular payroll -- 2012 salaries, earned bonuses and prorated shares of signing bonuses -- increased from $223.3 million to a record $224.2 million.
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