Breaking: The Braves have formally assessed a $3.2 million luxury tax bill for the 2023 season…..
After breaking the first CBT threshold, the Braves are one of a record eight teams paying into the luxury tax
Major League Baseball has officially identified the teams who will be assessed a luxury tax for the 2023 season
The overall assessed sum of $209.8 million, as well as the number of teams paying, are also records
The NL East’s three teams top the list, with the New York Mets paying a bill in excess of $100 million
The previous high for a luxury tax penalty was the Los Angeles Dodgers’ $43.6 million tax on their $291.1 million payroll in 2015
Because of their record 2023 CBT payroll of $245.9M (per Fangraphs), the Atlanta Braves are paying into the tax for the first time in their history. Atlanta’s 2024 roster is expected to be even more costly, with a projected $269 million CBT payroll (pending arbitration judgments)
Not at all. At the Winter Meetings, President of Baseball Operations Alex Anthopoulos told us that the front office is concerned with the cash payroll versus the tax payroll – they follow the tax payroll to know how much they’ll be paying in fines, but the focus is on the cash number
The Braves have until the 21st of January to make payment to the commissioner’s office
According to MLB Trade Rumors, the league will split the $209.8 million in luxury tax penalties three ways. The first $3.5 million is allocated to player group benefits. The next
$103.15 million is allocated to individual player retirement accounts (yes, baseball players have 401Ks), with the remaining $103.15 million going into a discretionary account for the
commissioner’s distribution. This money is awarded to revenue sharing recipients who have increased local revenues over the last few seasons (excluding any local broadcast/media partnerships)
Leave a Reply