According to the Associated Press, the Red Sox were hit with a $3.4 million luxury tax bill by Major League Baseball. That fee was assessed based on the team's 2011 major league payroll as calculated for competitive balance tax purposes (a formula that reflects the average annual salaries paid to all players who spent time on the 40-man roster, along with medical benefits).
This year, the luxury tax threshold was set at $178 million. Because the Sox surpassed the luxury tax threshold for the second straight year, they were penalized at the rate of 30 percent. The $3.4 million bill, in turn, means that the team's payroll (as calculated for CBT purposes) was approximately $189 million, the largest ever by a non-Yankees team.
The Sox and Yankees were the only two teams in the majors that exceeded the luxury tax payroll threshold this year. It is the sixth time in eight seasons that the Sox have surpassed the threshold. It is the second-largest luxury tax bill that the Red Sox have ever been assessed, behind only the $6.06 million the team paid following the 2007 season.
The fact that the team's payroll was roughly $189 million is particularly intriguing in light of the new Collective Bargaining Agreement, which takes effect in 2012. The threshold will remain at $178 million in both 2012 and 2013 (the Sox have already resigned themselves to exceeding the threshold in 2012, a season in which they will be penalized 40 percent on each dollar spent beyond $178 million) before moving up to $189 million in 2014, 2015 and 2016.
The Yankees, meanwhile, were hit with a $13.9 million luxury tax bill, their lowest from MLB since 2003. The Yankees have now been hit with more than $215 million in luxury tax fines since 1997. The Red Sox rank second in such penalties at approximately $21 million. The Orioles rank third at approximately $11 million.
For complete Red Sox coverage, visit weei.com/redsox.
Ian talks with Chris about the NFL offseason and specifically what the Pats have done and will do. He talks about NFL free agency, if Brandon Spike will come back to New England, all things NFL Draft and more in an extensive interview.
in hour 2 of NFL Sunday, Greg and Chris discuss some news from around the league including the Philip Rivers situation in San Diego, if the Titans may sign Rivers, where Marcus Mariota may end up, and what the Jets will do. Price talks with NFL Network's Ian Rapoport about all things NFL offseason and the draft. Finally, the guys touch on if the NFL is over-saturating fans with too much coverage all year round now.
Greg and Chris talk a ton of NFL Draft in hour 1 of the show. They discuss what the Pats might do with their early picks and get Mike Petraglia's thoughts on the issue as well.
Greg Dickerson and John Tomase discuss the amazing season for the Celts and if they have any chance against Lebron and the Cleveland Cavs in a seven game series. If they do, HOW ... how do they get it done?
Brian "White Mamba" Scalabrine joins the guys to talk about the Celtics playoff push, the development of Marcus Smart and James Young, and the prospect of Brad Stevens leaving the Celtics for a college job.
Brow Buff's Sam Packard and Ben Kichen break down Marcus Smart's unfortunate ball tap, debate leadership in the Celtics locker room, and rehash the great Kevin Love to Boston rumors.
Xander had the game winning hit in the bottom of the 9th to get the Red Sox on top of the Baltimore Orioles 3-2, he talked with Joe and Dave after the game about what his thought process during the at-bat was and the excitement of a walk-off.
Buster Olney of ESPN joins the guys to talk about the first two weeks of the baseball season. They discuss the struggling Red Sox rotation and the potential of the high-powered offense.
Joe and Dave talk with Red Sox catcher Ryan Hanigan after the Red Sox come back to beat the Nationals 8-7.
The awesomely knowledgeable Fluto Shinzawa calls DJ, Naoko and Pete to talk about his thoughts on the future of the B's. He discusses his column from earlier this week on Cam Neely wanting to give Claude the ax earlier in the season but not getting the ok. Fluto shares his thoughts on Chiarelli's firing, the future for Claude and where the Bruins should go from here. He also gives his opinion on potential moves the team can make, who would fit in here, his thoughts on the NHL playoffs so far and more.
In the final hour of the "midseason finale" as DJ likes to call it, the crew discuss more about the future of the Bruins franchise, the possible power struggle in the front office and who should be the head coach going forward. They talk to intelligent and talented Fluto Shinzawa about all of these thing and more in an excellent interview, and finally, DJ says THANK YOU!
DJ, Naoko and Pete get into the huge week for the Bruins that saw the franchise move on from GM Peter Chiarelli. They discuss why that was done and if they agree. What does this mean for Claude? They talk about Claude and if he can exist here. If not, who would work in Boston? They also get into the NHL Draft Lottery last night and talk to ESPN Boston's Joey "National" McDonald live from Tampa, Florida.
The latest edition of Answer The Question Kirk with Rob Bradford and Gary Tanguay.
The Celtics president of basketball operations joined the show to preview Cavs Celts.
The guys discussed the Pats draft with Todd McShay.
Kyle Draper and Sports Radio Hack Lou Merloni make up after beefing earlier in the week, Aaron Hernandez gets taken down by Larry Willmore, and our very own Christian Fauria makes his Country Music Debut
Celtics play-by-play announcer Mike Gorman joins the guys to defend his prediction of Celtics in 6.
After some suspicious outfield play from Red Sox Left Fielder Hanley Ramirez, the guys question whether or not he has what it takes to play in the outfield, a position he has never played before.
Michael, Jerry and Andy Hart discuss this year's Celtics as they enter the playoffs to take one of the best teams in the East in the NBA Playoffs.
We discuss the Britt McHenry suspension from ESPN, and the incident itself, and whether or not we've all had an incident like this, and whether her response was in any way appropriate.
We wrap up the day with some of the best sound of the day and the week.
Mikey Adams, joined by Lenny Megliola and Chris Villani, talks about the Red Sox home opening win at Fenway and the Bruins fallout after missing the playoffs including the future of Peter Chiarelli and Claude Julien.
Chris Price joins Mut to talk about how Revis will heat up the Jets-Pats rivalry next season
Mut opens his show talking about the New York Jets filing tampering charges on the Patriots
Ben and Sam are joined by Julian Edlow from WEEI.com to give their predictions on every series in the NBA Playoffs.
Jerry is joined by hockey writer Brian "Rear Admiral" McGonagle of Barstool Sports to perform a post-mortem on what happened to the 2014-15 Bruins, who's to blame and where the team goes from here.
Ben and Alex break down Leg 1 of the quarter finals of the Champions League and talk about some of the most interesting transfer rumors.
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With their opening round playoff series starting this weekend, the guys discuss whether or not the Celtics actually have a chance to win the series.More from this show