With several glaring needs heading into the offseason, the Chicago Cubs received their final bill for the 2019 season in regards to the luxury tax. Per The Los Angeles Times, Chicago blew past the $206 million park in payroll, clocking in just under the $240 million mark.
What does this mean for the organization and ownership? The Cubs will have to pay a roughly $8.5 million luxury tax this winter. MLB Trade Rumors breaks down the financials and how it all works out.
The Cubs also ran up a tab that came in just shy of the $240MM mark by Cot’s reckoning.