 The Los Angeles Dodgers have set a new record by owing an unprecedented $103 million in luxury tax penalties for the 2024 season, topping the list of nine Major League Baseball teams subjected to this tax. The New York Mets, under high-spending owner Steve Cohen, follow closely with a tax bill of $97.1 million* bringing their total luxury tax contributions to nearly $229 million.
The World Series champion Dodgers face this hefty tax for the fourth consecutive year, with their tax payroll reaching $353 million. This includes $1,032,454 in non-cash compensation for Shohei Ohtani, whose contract features perks such as a suite for games at Dodger Stadium and an interpreter. Other teams facing significant luxury tax penalties include: - New York Yankees: $62.5 million - Philadelphia Phillies: $14.4 million - Atlanta Braves: $14 million - Texas Rangers: $10.8 million - Houston Astros: $6.5 million - San Francisco Giants: $2.4 million - Chicago Cubs: $570,000 These figures, finalized on Friday by Major League Baseball and the players' association and obtained by The Associated Press, highlight the increasing financial commitments of top-spending teams as they strive to build competitive rosters.
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