(BLS Illustration)
If you drive a Ferrari, then spending $seventy five if you fill up on the gasoline station isn’t as eye-popping as it to an everyday person. It’s a part of the show. And once you’re the
New York Yankees
, the most invaluable sports activities franchise in America, having a season where you are charged a $29 million luxurious tax comes with the very, very excessive-priced turf.
The $29 million figure, greater than the Houston Astros’ whole payroll, is being reported by Bob Nightengale of USA Today and it represents a 50 p.c tax for the Yanks being over the $178 million payroll threshold. The Yankees payroll this season is $236.2 million, so that they’re paying 50 p.c of the difference. Wow. Even in the event you’re a Ferrari proprietor, that is a lot of money.
But for these 2013 Yankees, with their getting old stars and a number of disabled-listing journeys, that is just the start of the cash that’s being wasted. Take into account that they are paying Alex Rodriguez $28 million and he’s played in 31 video games (and counting). Mark Teixeira, along with his $22.5 million contract, played in 15 games before his season ended with injury.
The Yankees got 28 video games out of Kevin Youkilis, who signed a $13 million contract within the offseason. Outfielder Curtis Granderson has played in 44 video games of a season in which he’s getting paid $15 million. Then there’s The Captain, Derek Jeter. He is played in 17 video games. His salary is $thirteen million. And as of Wednesday, he’s achieved for the season.
So how much money have the Yankees misplaced to injury this season? Right now, that determine is at $75.four million. Add the luxurious tax invoice and it totals $104.5 million
There’s another $four.5 million still on the table with 17 video games left for A-Rod and Granderson. Will each of them play every recreation? With A-Rod a bit beat up recently, the Yankees will, most likely, eat slightly bit more cash.
But before anyone tsk-tsk’s the Yankees an excessive amount of, we have now to note some of this will be coming back to them by way of insurance insurance policies. It’s been reported that insurance coverage will cover nearly $19 million of Teixeira’s wage. His case is somewhat totally different because he was injured in preparation for the World Baseball Traditional, and a particular MLB insurance coverage policy will cowl $7 million.
We know the Yankees have insurance coverage policies on A-Rod, though since he made it again from harm this year, we do not know what’s lined exactly. And if the Yankees took out policies out for A-Rod and Teixeira, it is a pretty good wager that they insured the rest of their massive contracts, Jeter and Youkilis particularly.
So we won’t say exactly how a lot money the Yankees are just throwing right into a bonfire this season, however two things we all know for certain: It’s a complete heck of much more than you and I have within the bank. And it will probably purchase Ferraris in your entire household.
How the Yankees set nearly $100 million on fire with injured players and the luxury tax
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