New luxury-tax system anticipated
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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