Baseball’s Savior

A Biased Look at the New York Yankees, the Greatest Franchise in the History of Sports

[powered by WordPress.]

December 27, 2005

Steinbrenner Hit With $34 Million Luxury Tax Bill

by @ 3:29 pm. Filed under 2006 Season

We have a world where Cuba is pretty much the only communist holdout, and where even China is slowly converting to a free market economy. In Major League Baseball however, socialism is alive and well. While whiners like the Kansas City Royals moan about how they have such a small market and can’t compete, the Yankees are being hit with the bill. A $34 million dollar bill. Just because they want to win and George Steinbrenner is a financial genius and can make money by the truckloads.

I really hope the players union can get up after being kicked in the teeth (twice) and put an end to this bullshit. Most of that $34 million is coming out of the players pockets because you know Steinbrenner would have doled it out in salaries. And this doesn’t even include the other socialist policy, revenue sharing, which will also cost the Yankees several million dollars, again.

Over the past three years, the Yankees have paid out over $63 million in luxury taxes. That’s more then some team’s payrolls. Bud “Robin Hood” Selig must be proud.

The Red Sox were the only other team last year to be on the hook for luxury tax however their recent slide to mediocrity means they probably won’t have a tab in 2006. In the meantime, the Yankees will probably push their four year total up close to $100 million. And people say the Yankees are bad for baseball?? That doesn’t seem to stop them from holding their hands out begging for money.

4 Responses to “Steinbrenner Hit With $34 Million Luxury Tax Bill”

  1. Nick Says:

    Steinbrenner’s “financial genius” is that he owns a baseball team in the world’s biggest market. I’d like to see this genius at work in Kansas City. Oh by the way didn’t he announce he lost millions last year? Yeah, my company can certainly use a genius like that.

  2. Tom Says:

    Not sure if you realize this but Major League Baseball is a partnership between teams…

  3. Doug Says:

    You are aware that the Yankees lose money, right? Even before the tax? Because their money-losing franchise is “worth” $900M, they can borrow more and more (well over $200M now) against the bubble…

  4. John Says:

    The small market teams subsidize the Yankees and the larger markets by allowing them a virtual monopoly on those cities. The Royals and Twins and Devil Rays should move to New York..then you would have competition and then you could see whether Steinbrenner was a financial genius. With no competition it is rather easy to be a genius.

Leave a Reply

[powered by WordPress.]

Yankees Resources

Baseball Historians

Minor League Blogs

GetMeIn.com

Yankees World Series Retrospectives

Yankees Links

General Baseball Links

Other Team Blogs

internal links:

categories:

search blog:

archives:

other:

Add to Google Subscribe in Bloglines

Coast to Coast Tickets


CTC has a wide selection of baseball tickets for sale including Yankee Stadium game tickets, Mets tickets, Red Sox tickets and Cubs tickets. We carry tickets to see great New York teams such as New York Knicks tickets, New York Rangers tickets and New York Islanders tickets. Our wide selection of NFL tickets includes New York Giants tickets and New York Jets tickets. We also carry New York concert tickets such as The Who tickets as well as Broadway tickets such as Jersey Boys tickets and The Producers tickets.
  • Yankees Opening Day Tickets
  • Event Tickets
  • RazorGator.com

    Get Yankees tickets and watch them play away from Yankee Stadium against the Astros, Red Sox, Athletics, Tigers, and Mariners. Also be their at the end of the season to find out what team is the best with World Series tickets.

    TicketLiquidator.com

    Sponsored by BetUS Sportsbook

    Seatwave - Buy or sell

    Michael Jackson tickets Kaiser Chiefs tickets Enzo Macarinelli vs David Haye tickets Joseph tickets England South Africa tickets F1 tickets Sale Sharks tickets Michael Jackson tickets Football tickets Baecelona tickets

    Ticket Solutions


  • St. Louis Cardinals Tickets
  • New York Mets Tickets
  • Boston Red Sox Tickets
  • Detroit Tigers Tickets
  • Texas Rangers Tickets
  • San Francisco Giants Tickets
  • 2007 World Seres Tickets
  • NFL Tickets
  • Concert Tickets
  • Broadway Tickets
  • Seacoastticket.com

    Red Sox Schedule

    BestShowTicketsLasVegas

  • Cheap Yankees tickets
  • New York City event tickets
  • Cheap MLB Tickets
  • Broadway tickets
  • Madison Square Garden tickets
  • Nikon at Jones Beach Tickets
  • Learn about buying tickets online
  • Stubhub.com

    Vivid Seats


  • Ticket Broker
  • Baseball Tickets
  • Red Sox Tickets
  • Yankees Tickets
  • Cubs Tickets
  • Angels Tickets
  • Mets Tickets
  • Phillies Tickets
  • Astros Tickets
  • St Louis Cardinals Tickets
  • Dodgers Tickets
  • Barrys Tickets

  • Baseball Tickets
  • MLB Tickets
  • Los Angeles Dodgers Tickets
  • Angels Tickets
  • White Sox Tickets
  • Yankees Tickets
  • Mets Tickets
  • Red Sox Tickets
  • GoTickets

    Baseball MLB Tickets on sale now along with Chicago White Sox tickets and Red Sox tickets from the sports ticket broker
  • MLB Baseball Ticket Broker
  • Online Seats

  • Yankees Tickets
  • Twins Tickets
  • Tigers Tickets
  • Red Sox Tickets
  • White Sox Tickets
  • Giants Tickets
  • Yankee Stadium Schedule
  • Baseball Ticket Broker
  • MLB Tickets Now

  • Cheap Baseball Tickets
  • NY Yankees Tickets
  • Boston Red Sox Tickets
  • Chicago White Sox Tickets
  • World Series Tickets
  • Sold Out Event Tickets

    1st 4 Football Tickets

    16 queries. -0.361 seconds