stack of money

The Yankees and Red Sox pay the luxury tax

1 Comment

According to the Associated Press, the Yankees and the Red Sox were the only two teams that paid MLB’s luxury tax for the 2010 season.

The Yankees were hit with an $18 million tax, which was actually their lowest total since the first year of the system in 2003. They paid a whopping $25.7 million last year.

As for the Red Sox, they reportedly paid a tax of just under $1.5 million. It was the first time the team had surpassed the luxury tax threshold since 2007.

Next year, the Red Sox will be taxed at a rate of 30 percent for any payroll expenditures over the luxury tax threshold of $178 million. If these estimates by Alex Speier of WEEI.com are correct, you can expect them to pay again after 2011.

Magic Johnson to take over the Lakers, but will still be part of Dodgers ownership

CHICAGO, IL - OCTOBER 15:  Earvin 'Magic' Johnson attends game one of the National League Championship Series between the Chicago Cubs and the Los Angeles Dodgers at Wrigley Field on October 15, 2016 in Chicago, Illinois.  (Photo by Jonathan Daniel/Getty Images)
Getty Images
Leave a comment

This is more significant for basketball fans than baseball fans, but Magic Johnson is taking over basketball operations for the Los Angeles Lakers. Dan Feldman over at PBT has the full story on that.

For our purposes, you probably know that Johnson is part of the Dodgers ownership group. Anthony McCullough of the L.A. Times got comment from the Dodgers, saying that despite his new full-time job, his status with the Dodgers will be unchanged:

Maybe I’m alone in this, but I’m not entirely certain what Magic does with the Lakers, so the first clause in Kasten’s comment may be doing most of the heavy lifting here.

Matt Wieters is close to signing with the Washington Nationals

NEW YORK, NY - OCTOBER 02: Matt Wieters #32 of the Baltimore Orioles connects on a two-run home run in the fourth inning against the New York Yankees at Yankee Stadium on October 2, 2016 in the Bronx borough of New York City.  (Photo by Mike Stobe/Getty Images)
Getty Images
4 Comments

Jon Heyman reports that the Nationals are closing in on a deal with catcher Matt Wieters. Joel Sherman of the New York Post reports that it’s a two-year deal. UPDATE: Ken Rosenthal reports that the deal is for two years, at $21 million. There is an opt-out for him after year one. He will get $10 million in 2017 and, if he returns in 2018, he’ll get $11 million.

Wieters was not expected to go this long without signing, but his market, which many thought would be robust, never materialized. The Nats had been rumored to be interested for months, but they were apparently waiting to swoop in late and get what one presumes will be a bargain.

Wieters, 30, finished last season hitting .243/.302/.409 with 17 home runs and 66 RBI in 464 plate appearances. The Nationals currently have Derek Norris and Jose Lobaton, so who falls where in the catcher fight in Washington is unclear, but one presumes that Wieters getting a two-year deal puts him at the top of the depth chart.