APNewsBreak: Champion Red Sox owe nearly $12M in luxury tax
NEW YORK (AP) — The World Series champion Boston Red Sox owe $11.95 million in luxury tax for having baseball’s top payroll.
That’s according to final calculations by the commissioner’s office obtained by The Associated Press. The only other team that owes is the Washington Nationals, who must pay $2.39 million.
Because Boston was more than $40 million over the tax threshold, it became the first team to incur a new penalty put in place for the 2018 season: the top Red Sox selection in next June’s amateur draft will be dropped 10 places. Boston’s top pick had been projected to be No. 33 overall before the penalty.
The New York Yankees dropped under the threshold for the first time, and the Los Angeles Dodgers fell below for the first time since 2012.