A record nine MLB teams were over the luxury tax threshold for 2024, according to a memo sent to teams on Friday and obtained by ESPN.
The result was a record $311 million paid in penalties, led by the Los Angeles Dodgers who are paying $103,016,896. The New York Mets were next at $97,115,609. The Chicago Cubs were taxed the least, paying $570,309.
The six other teams, along with their penalties, who had Competitive Balance Tax (CBT) payrolls higher than $237 million, which triggers the tax, include the New York Yankees ($62,512,111), the Philadelphia Phillies ($14,351,954), the Atlanta Braves ($14,026,496), the Texas Rangers ($10,807,196), the Houston Astros ($6,483,041) and the San Francisco Giants ($2,421,788).