Tax Payroll News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The New York Mets must pay a record luxury tax of nearly $101 million after a fourth-place finish in their division, among an unprecedented eight teams that owe the penalty for the 2023 season. Owner Steve Cohen's Mets finished with a tax payroll of $374.7 million, according to figures finalized by Major League Baseball on Thursday and obtained by The Associated Press. The Mets' tax bill came to $100,781,932 after they finished fourth in the NL East at 75-87 in the most expensive flop in baseball history.

Shohei Ohtani will receive just $20 million of his $700 million contract with the Los Angeles Dodgers over the next 10 years, with $680 million payable from 2034-43 in an unusual structure that gives the team greater payroll flexibility in coming seasons. For purposes of baseball's luxury tax, the contract is valued as a yearly addition to the Dodgers' payroll of about $46 million. Under the collective bargaining agreement, for the calculation of a team's tax payroll the value of deferred money is discounted at the federal mid-term rate.

The Phillies still have one of the most powerful lineups in baseball and a savvy front office that is more than capable of figuring out what went wrong and how they can fill in the gaps in 2024. Here are the basics on the Phillies' outlook this offseason.

With the Houston Astros' season over, here is a quick look at what the offseason holds for them including notes on payroll and who they could lose.

The Boston Red Sox have a critical offseason coming up with a brand new front office. Here is a quick rundown of everything you need to know.