$30M luxury tax for Yankees

While the Yankees may be near the bottom of the AL East standings, they're still at the top of the luxury tax leader board. With a payroll of about $200 million, the Bombers will have to fork over a record $30,637,531, according to commissioner's office figures obtained by The Associated Press. That's more than 30 times what the Red Sox - the only other team projected to be taxed - have to pay.

Teams with payrolls over $128million are subject to the tax this season, and the Yanks are charged at a 40% rate on the amount over $128 million because they are over the limit for the third time since the new labor agreement was reached in 2003. The Sox, over for the second time, are hit with only a 30% surcharge. The Yanks paid nearly $26 million last season. Conitnue