The Yankees are “already at a record payroll and above the highest luxury-tax threshold,” but owner Hal Steinbrenner “indicated he is not closing his checkbook just yet.”
As currently constructed, the Yankees’ projected luxury-tax payroll stands at around $306.7M
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Steinbrenner: “Given where we are payroll-wise, any addition to the club is going to be a costly one, but I’m still willing to consider anything that comes my way. … But we are not done trying to improve this team.”
As currently constructed, the Yankees’ projected luxury-tax payroll stands at around $306.7M. Any dollar the Yankees spend beyond the highest luxury-tax threshold of $297M will come with a 110% tax (N.Y. POST, 2/22).
