Fansided · Dec 16, 2018
Red Sox face luxury tax and draft pick punishment
The Boston Red Sox just got a Christmas gift from MLB in the form of a penalty for exceeding the luxury tax. This is no sudden revelation, but it may soon have consequences.
The Boston Red Sox have now made it official and that is a hefty luxury tax (LT) penalty and a subsequent taking the draft pick elevator down to a lower level and having their draft slot dropped ten spots. The price of victory has a cost and for the Red Sox, the cost is $237 MM – the highest payroll in MLB. The Red Sox penalty is in the vicinity of $12 MM and the only good news is the penalty figure is at 20% due to the Red Sox re-setting their payroll in the 2017-18 offseason.
