Report: Dodgers must pay $11.4 million in luxury taxes.

From the Associated Press:

According to Major League Baseball calculations Thursday, the Los Angeles Dodgers are the only team [other than the Yankees] that exceeded the tax threshold this year and must pay $11.4 million.

Figures include average annual values of contracts for players on 40-man rosters, earned bonuses and escalators, adjustments for cash in trades and $10.8 million per team in benefits.

The Yankees finished with the highest regular payroll for the 15th consecutive year, winding up at a record $237,018,889. The Dodgers were just $146,647 behind.

The Dodgers should be able to afford it. Forbes.com reported today that MLB is closer to approving the Dodgers’ new television deal, which could pay $7 billion or more. The team’s new flagship network, SportsNet LA, has already begun hiring personnel and is set to debut in 2014.

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About J.P. Hoornstra

J.P. Hoornstra covers the Dodgers, Angels and Major League Baseball for the Los Angeles Daily News, Long Beach Press-Telegram, Torrance Daily Breeze, San Gabriel Valley Tribune, Pasadena Star-News, San Bernardino Sun, Inland Valley Daily Bulletin, Whittier Daily News and Redlands Daily Facts. Before taking the beat in 2012, J.P. covered the NHL for four years. UCLA gave him a degree once upon a time; when he graduated on schedule, he missed getting Arnold Schwarzenegger's autograph on his diploma by five months.