Red Sox Owe Nearly $12M In Luxury Tax

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Red Sox Owe Nearly $12M In Luxury Tax 

Post#1 » by RealGM Wiretap » Sat Dec 15, 2018 6:19 pm

The World Series champion Red Sox owe $11,951,091 in luxury tax for having baseball\'s top payroll, 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 $2,386,097, their second straight year with a bill.

Because Boston was more than $40 million over the tax threshold, it also 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.

Via ESPN.com

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