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Cubs Will Pay $7.6 Million Luxury Tax Bill for 2019 Payroll Overage

After several weeks of estimating the final amounts, official payroll and luxury tax figures for the Cubs and 29 other MLB teams have been released. With a total payroll of $237,199,519 million in 2019, the Cubs were one of six teams over $200 million and they came in behind only the $243,653,717 spent by Red Sox. By going a little more than $31 million over the $206 million threshold, the Cubs now owe a luxury tax penalty of $7.6 million.

That’s more than they have to spend, though, so they’re going to have to clear payroll space to afford it.