Yankees only MLB team hit with tax
NEW YORK -- Winning came with a hefty price for the New York Yankees.
The World Series champions were hit with a luxury tax of nearly $25.69 million Monday, according to information received by clubs and obtained by The Associated Press.
New York is the only team to pay a tax for this season and has crossed the threshold in all seven years since the tax started. According to the collective bargaining agreement, the Yankees must send a check to the commissioner's office by Jan. 31.
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