Monday, November 21, 2005By Mike Steffanos
In a interesting column on ESPN.com I read today, Jayson Starke informs us that the Mets will pay no luxury tax in 2006.
Apparently this is due to a loophole in the negotiated collective bargaining agreement which specifies that any team which did not pay luxury tax in 2005 will not have to pay in 2006, no matter to how high their payroll soars. This rule benefits not only the Mets, but also any team that didn't pay last year. Also, there is a chance if the collective bargaining agreement gets extended one more year this can happen again.
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Comments (2)
What is a Luxury Tax in baseball?????????????????????
Posted by JD saporta | March 12, 2007 2:14 PM
WHAT IS IN THE CALCULATION OF THE LUXURY TAX. DOES IT TAKE IN THE SIGNING BONUS, DEFERRED SALARIES, INCTENS. eTC.??????????
Posted by ARTHUR COLLINS | November 2, 2007 12:53 PM