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Yankees lower luxury tax bill for second straight year

Updated: December 24, 2007, 5:44 PM ET
Associated Press

NEW YORK -- The New York Yankees did accomplish something this year: They lowered their luxury tax for the second straight season.

The Yankees were hit with a tax bill of $23.88 million by Major League Baseball in a notice sent to teams late Friday, pushing them over the $100 million mark since the penalty for profligate spending was introduced in 2003.

The only other club that must pay the competitive-balance tax, as it is formally known, is the World Series champion Boston ...

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