The new CBA made several changes that will impact the way the New York Yankees do business over the next few years, but perhaps none more so than the rise in the luxury tax ceiling. Yankees principal owner Hal Steinbrenner has been very vocal about his desire to get his club underneath the threshold in the near future, to avoid having to essentially pay double on all signings the organization makes.
As if that weren’t incentive enough, the new CBA has added even more penalties for clubs exceeding the ceiling. Bob Nightengale of USA Today reported out the new, harsher system:
The tax rate for teams exceeding luxury tax: 20% (1st time), 30% (2nd time), 50% (3rd time).