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New luxury-tax system anticipated

Updated: November 4, 2011, 3:17 PM ET
By Jayson Stark | ESPN.com

It has been around for nine seasons now, complicating the New York Yankees' lives and, occasionally, the lives of another team or two. But baseball's Competitive Balance Tax -- a.k.a. the "luxury tax" -- quietly disappeared last week.

The tax expired at the end of the 2011 season, as stipulated by this section, on Page 104 of the current, though soon-to-be-defunct collective bargaining agreement:

"There shall be no Competitive Balance Tax in place following the 2011 championship season, ...

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