The Mutts are now $124 million into the tax and they only have 34 players signed!
So that means they have to put $124 million into the pool to be shared by other teams? I don't really understand the luxury tax in MLB. Do you?
No, they won't pay $124 million. They'll pay a percentage of that. This is the Mutts 2nd consecutive year going over the tax so they'll pay 30% of $124 million. (that will rise to 50% next year)
And because they are more than $60 million over the tax they will also pay a 60% surcharge.
Thanks.
And these taxes are split between the teams not over the luxury tax?
I'm too lazy right now to type it all out. Still on my second coffee. So here....
Allocation of taxes paid
On December 2 in each contract year, the Commissioner's Office notifies every team that exceeded the tax threshold that they must pay their tax by January 21 of the following calendar year. The Commissioner's Office then redistributes this money in a standard manner. The first $13 million will be used to defray clubs' funding obligations under the MLB Players Benefits Agreements. Of the remaining sum, 50% of the remaining proceeds collected for each Contract Year, with accrued interest, will be used to fund player compensation as described in the MLB Players Benefits Plan Agreements and the other 50% shall be distributed to clubs that did not exceed the Base Tax Threshold in that Contract Year.
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Wed Dec 21, 2022 4:48 pm
by Biker
Correa
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Wed Dec 21, 2022 5:06 pm
by B-Tender
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Wed Dec 21, 2022 5:15 pm
by Reservoir Dog
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Wed Dec 21, 2022 5:50 pm
by 8-TrackJones
So Cohen has spent over $800 million this off season? Projected payroll $384 million.... Holy crap!
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Wed Dec 21, 2022 6:03 pm
by Reservoir Dog
8-TrackJones wrote: ↑Wed Dec 21, 2022 5:50 pm
So Cohen has spent over $800 million this off season? Projected payroll $384 million.... Holy crap!
It's madness. Nothing short of back-to-back World Series titles will justify this.
And I'm not sure that would even do it.
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
Played in 2 World Series.
Won 1 of them.
$350 million bucks in tax and they got 1 ring.
wow. i'm surprised there is a 15 year stretch with them only playing in 2 world series.
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
Played in 2 World Series.
Won 1 of them.
$350 million bucks in tax and they got 1 ring.
wow. i'm surprised there is a 15 year stretch with them only playing in 2 world series.
2002-2017
They lost to the Marlins in 2003.
They won against the Phillies in 2009.
They haven't been back to a World Series since.
In that same 15 year stretch the San Francisco Giants never once went over the tax threshold and they won 3 World Series. (went to 4)
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
Played in 2 World Series.
Won 1 of them.
$350 million bucks in tax and they got 1 ring.
wow. i'm surprised there is a 15 year stretch with them only playing in 2 world series.
2002-2017
They lost to the Marlins in 2003.
They won against the Phillies in 2009.
They haven't been back to a World Series since.
In that same 15 year stretch the San Francisco Giants never once went over the tax threshold and they won 3 World Series. (went to 4)
B-Tender wrote: ↑Wed Dec 21, 2022 5:06 pm
If Correa's deal is completed, the team's estimated payroll will be around $384 million. Based on that number, the Mets would owe an additional $111 million in luxury-tax payments. Their total payroll, as of now, is expected to be just shy of $500 million. In baseball history, no team has come within $150 million of that number.
The New York Yankees once went 15 consecutive years over the Luxury Tax threshold. During that time they paid north of $350 million in tax.
But they're the Yankees and they don't give a fuck.
Fuck the New York Yankees.
i wonder how many penants they won or at least how many world series they played in, during that 15 years.
Played in 2 World Series.
Won 1 of them.
$350 million bucks in tax and they got 1 ring.
wow. i'm surprised there is a 15 year stretch with them only playing in 2 world series.
2002-2017
They lost to the Marlins in 2003.
They won against the Phillies in 2009.
They haven't been back to a World Series since.
In that same 15 year stretch the San Francisco Giants never once went over the tax threshold and they won 3 World Series. (went to 4)
so what is their secret sauce to making so much money to afford all of that?
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Thu Dec 22, 2022 10:44 pm
by Biker
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Sat Dec 24, 2022 1:20 am
by 8-TrackJones
Craig Kimbrel signs 1 year $10 million deal with Phillies
MLB re-instated Bauer and possibly put the Dodgers over the luxury tax again. They were trying to stay under to reset their tax base before trying to sign Ohtani.
Price was right, I guess.
But this one is a bit of a head scratcher.
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Sat Dec 24, 2022 10:32 pm
by FSchmertz
Sounds like the Mets are doubting on the Correa deal now.
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Sun Dec 25, 2022 1:55 am
by 8-TrackJones
FSchmertz wrote: ↑Sat Dec 24, 2022 10:32 pm
Sounds like the Mets are doubting on the Correa deal now.
He had a leg injury in 2014 in the minors. Got some hardware installed on the repair. There is speculation these new long-term contracts may be questioning the integrity on the repaired leg long-term. Boras is his agent and says nothing is wrong physically. I bet the Mets try to restructure the deal for fewer years if it's that much of a concern.
FSchmertz wrote: ↑Sat Dec 24, 2022 10:32 pm
Sounds like the Mets are doubting on the Correa deal now.
He had a leg injury in 2014 in the minors. Got some hardware installed on the repair. There is speculation these new long-term contracts may be questioning the integrity on the repaired leg long-term. Boras is his agent and says nothing is wrong physically. I bet the Mets try to restructure the deal for fewer years if it's that much of a concern.
Maybe they'll ask for a team opt-out option in a few years so they can get out of the deal if the injury is debilitating,
FSchmertz wrote: ↑Sat Dec 24, 2022 10:32 pm
Sounds like the Mets are doubting on the Correa deal now.
He had a leg injury in 2014 in the minors. Got some hardware installed on the repair. There is speculation these new long-term contracts may be questioning the integrity on the repaired leg long-term. Boras is his agent and says nothing is wrong physically. I bet the Mets try to restructure the deal for fewer years if it's that much of a concern.
Maybe they'll ask for a team opt-out option in a few years so they can get out of the deal if the injury is debilitating,
Does the new CBA allow for that? I have a hard time believing it does
Re: MLB Hot Stove 2022-2023 deGrom to Texas
Posted: Sun Dec 25, 2022 5:21 pm
by Biker
saltydog wrote: ↑Sun Dec 25, 2022 3:46 pm
Correa is overrated anyways.
