Bob Nightengale of USA Today reports that the Yankees luxury tax bill for this year is going to be $29 million. Which is more than the Astros’ entire payroll. Which is special.
You can read his whole store for the politics and mechanics of the luxury tax. But the takeaway here is that, for as much grief as the Yankees are taking for wanting to get their payroll under $189 million next year, thereby avoiding the luxury tax, the economic incentive for them to do so is really freakin’ compelling. They’re paying a 50% tax rate every year they go over the luxury tax threshold now. Just one year beneath it and it resets to 17.5%.
That might make next year pretty ugly. But it’ll make the years beyond that a bit easier for Brian Cashman.
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.
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.