The New York Yankees had a hefty $13.9 million luxury tax bill Thursday, their lowest since 2003. The tax, assessed by Major League Baseball under its labor contract, is down from $18 million last year and $25.7 million in 2009, when the Yankees won the World Series. According to the collective bargaining agreement, checks to pay the tax must be sent to the commissioner’s office by Jan. 31. New York has paid the tax in all nine years since it began, $206 million of the $227 million raised under the penalty for high payrolls.
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Yankees Hit With $13.9 Million Tax Bill