The looming luxury tax won’t hold the Yankees back.
Hal Steinbrenner said Wednesday morning he would be willing to surpass the highest luxury tax threshold ($246 million) if it meant making a move that would put the Yankees “over the top” in pursuit of a championship.
“If I really felt we needed that deal that takes us over the top, then yes, I would,” Steinbrenner said at the MLB owners’ meetings in Midtown. “But we still have a decent amount of cushion. I’m not concerned about that. It’s a decent cushion.”
The Yankees have already cleared the first threshold of $206 million and are believed to have surpassed the second threshold of $226 million.