Yanks' luxury tax increases $400K

Updated: December 18, 2012, 2:41 PM ET
Associated Press

NEW YORK -- The New York Yankees' luxury tax bill for this year has gone up by nearly $400,000.

Major League Baseball sent a revised accounting to the team Tuesday, raising New York's payment to $19,311,642 from $18,917,994. The change reflected how one player's salary was accounted for.

New York is the only team to pay the luxury tax this year. The Yankees' final payroll for luxury tax purposes climbed from $222.5 million to $223.4 million.

The Yankees pay at a 42.5 percent ...

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