Yanks, Red Sox hit with luxury tax
The New York Yankees were hit with a $13.9 million luxury tax bill Thursday, their lowest since 2003.
The fee, assessed by Major League Baseball under its labor contract, is down from $18 million last year and $25.7 million in 2009, when the Yankees won the World Series.
Boston, which missed the playoffs for the second straight season, is the only other team that will have to pay a tax. The Red Sox received a bill for $3.4 million, up from last year's $1.5 million.
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