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Baseball notebook
Yankees cut their luxury tax bill again
Tuesday, December 25, 2007 3:05 AM
From staff and wire reports
The New York Yankees did accomplish something this year: They lowered their luxury tax for the second straight season.
The Yankees were hit with a tax bill of $23.88 million by Major League Baseball in a notice sent to teams late Friday, pushing them over the $100 million mark since the penalty for profligate spending was introduced in 2003.
The only other club that must pay the competitive-balance tax, as it is formally known, is the World Series champion Boston Red Sox, who owe $6.06 million.
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