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Monday, December 27, 2004 |
Angels Pay Luxury Tax
Anybody saying that it doesn't matter whether the Angels pick up Orlando Cabrera on a stupidly bloated contract should be reminded that the Angels will pay the luxury tax this year, to the tune of $927,059. The Yankees, who appear set to leap over the $128M payroll level for the third consecutive year, will get taxed at a staggering 40% rate in 2005. Considering their payroll now borders the $200M mark, that's $28.8M they'd have to pay -- about half of some teams' payrolls. "Payrolls include salaries, prorated shares of signing bonuses, earned bonuses, buyouts of 2004 options and cash transactions." Anaheim was taxed at a 22.5% rate for 2004.
The Dodgers had the fifth highest payroll in baseball with $101.7M.
Comments:
Rob;
As far as I can find out, Colborn and Wallach remain unsigned. What's up with that??
AHB
As far as I can find out, Colborn and Wallach remain unsigned. What's up with that??
AHB
# posted by 
: 12/27/2004 08:28:00 PM
: 12/27/2004 08:28:00 PM
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