Talk this offseason included the bind the New York Yankees would be in with crossing the luxury tax threshold in 2021. The competitive balance tax is set for $210 million this season and the Yankees have been adamant about staying under that number. With some dead weight falling off the books, a key salary dump trade, and the front office working the numbers like an NFL team with a hard cap, the Yankees look to be on their way to doing that. All while improving on the diamond in the process.
According to spotrac.com, the Yankees were over the luxury tax by approximately $50 million in 2020, which led to a tax bill of over $22 million.