Yankees hit with $18.9 million luxury tax bill

8 Comments

According to the Associated Press, the Yankees will pay a luxury tax to MLB for the 10th consecutive year.

The Yankees finished with a $222.5 million payroll for the purposes of the tax, well above the $178 million threshold. They were charged at 42.5 percent of the overage, so they’ll owe $18.9 million to MLB. No other team will pay a luxury tax for their 2012 payroll.

This year’s fee is up from the $13.9 million tax paid by the Yankees last year. The club has racked up a luxury tax bill of $224.2 million over the past decade, but the streak may not continue for much longer. The Yankees are currently trying to get their payroll under the new $189 million luxury tax threshold beginning in 2014, which is a big reason why general manager Brian Cashman has tried to hand out one-year deals this offseason. Ichiro Suzuki’s new two-year, $13 million deal is an exception, though they only went there because he received multi-year offers elsewhere.

The Red Sox paid the luxury tax in 2010 and 2011, but they fell just $47,177 short of the threshold this year. August’s mega-trade with the Dodgers gave them just enough breathing room.

Report: Diamondbacks acquire Steven Souza from Rays; Yankees land Brandon Drury

AP Photo
9 Comments

Update (6:35 PM ET): This is a three-team deal also involving the Diamondbacks, per Nick Piecoro of the Arizona Republic. The Diamondbacks will receive outfielder Steven Souza from the Rays and second baseman Brandon Drury will head to the Yankees. Lefty reliever Anthony Banda will go to the Rays, Piecoro adds. The Diamondbacks will also receive prospect Taylor Widener from the Yankees, per Joel Sherman of the New York Post. MLB.com’s Steve Gilbert adds that the Rays will get two players to be named later from the D-Backs.

Souza, 28, is earning $3.55 million in his first of three years of arbitration eligibility, so the Rays are presumably saving money in moving him. Last season, Souza hit a productive .239/.351/.459 with 30 home runs, 78 RBI, 78 runs scored, and 16 stolen bases in 617 plate appearances. Souza’s arrival almost certainly pushes Yasmany Tomas out of a starting gig.

Drury, 25, has played a handful of positions in his brief major league career. Last year, he played second base in Arizona, batting .267/.317/.447 with 13 home runs and 63 RBI in 480 PA.

Banda, 24, made his major league debut last season, posting an ugly 5.96 ERA with a 25/10 K/BB ratio in 25 2/3 innings. The peripherals suggest he pitched better than his ERA indicated.

Widener, 23, was selected by the Yankees in the 12th round of the 2016 draft. This past season with High-A Tampa, he pitched 119 1/3 innings and posted a 3.39 ERA with a 129/50 K/BB ratio. MLB Pipeline rated Widener as the 14th-best prospect in the Yankees’ system.

*

Robert Murray of FanRag Sports reports that the Rays will acquire second base prospect Nick Solak from the Yankees. The Yankees’ return is presently not known.

Solak, 23, was selected by the Yankees in the second round of the 2016 draft. He spent last season between High-A Tampa and Double-A Trenton, hitting a combined .297/.384/.452 with 12 home runs, 53 RBI, 72 runs scored, and 14 stolen bases.

MLB Pipeline ranked Solak as the eighth-best prospect in the Yankees’ system and the fifth-best second base prospect in baseball, praising him for his ability to hit line drives as well as his speed.