Cubs to pay luxury tax for first time

by - Senior Editor - 2016-12-17 14:12:09.0
    |

Kyle Terada - USA Today Sports

MLB announced that six major league teams will have to pay luxury tax this season with the Los Angeles Dodgers ($31.8 million), New York Yankees ($27.4 million), Boston Red Sox ($4.5 million), San Francisco Giants ($3.4 million), and the Chicago Cubs ($2.96 million).

Chicago had a payroll of $182 million and will pay $2.96 million at the 17.5 percent bracket for being first-time offenders. The check is due on Jan. 21 at the commissioner's office.

The luxury tax threshold increases to $195 million for next season due to the new labor contract.

Thanks for visiting CubsHQ.com. Follow our Facebook page to get updates on your news feed!
Send Feedback to Tony Crumpton: Email | Comment
    |
Loading...
Post your comments!

Javy Baez shows off his World Series tattoo

Cubs announce contract extension for Pedro Strop

Photo: Javy Baez's new impressive vehicle

Cubs announce lineups on Saturday

WATCH: Maddon on playing Almora and Jay

WATCH: Maddon on Schwarber batting leadoff

Jon Jay: "I'm just here to do my part"

WATCH: Cubs players with families of Children's Hospital

WATCH: Maddon discuss improvement of Almora
Sign Up for E-Mail News Alerts
Features
Updates
Daily Digest