View Single Post
  #32  
Old 07-03-2022, 03:27 PM
Casey2296's Avatar
Casey2296 Casey2296 is offline
Is Mudville so bad?
Member
 
Join Date: Sep 2020
Location: West Coast
Posts: 4,659
Default

Quote:
Originally Posted by jayshum View Post
From https://en.wikipedia.org/wiki/Major_...all_luxury_tax

Allocation of taxes paid
On December 2 in each contract year, the Commissioner's Office notifies every team that exceeded the tax threshold that they must pay their tax by January 21 of the following calendar year. The Commissioner's Office then redistributes this money in a standard manner. The first $13 million will be used to defray clubs' funding obligations under the MLB Players Benefits Agreements. Of the remaining sum, 50% of the remaining proceeds collected for each Contract Year, with accrued interest, will be used to fund player compensation as described in the MLB Players Benefits Plan Agreements and the other 50% shall be distributed to clubs that did not exceed the Base Tax Threshold in that Contract Year.
Thanks again Jay, seems an equitable arrangement to keep parity in the league.
__________________
Phil Lewis


https://www.flickr.com/photos/183872512@N04/
-
Reply With Quote