A record nine MLB teams were over the luxury tax threshold for 2024, according to a memo sent to teams Friday and obtained by ESPN. The result was a record $311 million paid in penalties, led by the Los Angeles Dodgers who are paying $103,

MLB teams broke records for luxury tax penalties accrued in 2024. According to USA Today's Bob Nightengale, nine squads were penalized a total of

Because they owe tax for three straight years, the Mets, Dodgers, Yankees and Phillies pay at a 50% rate on the first $20 million above the $237 million threshold, a 62% rate on the next $20 million, a 95% rate on the amount from $277 million to $297 million and a 110% amount above that.