Tag: tax’

MLB Contracts: Are Teams Manipulating The Luxury Tax?

Recently we have seen some Major League Baseball contracts with longer-than-usual durations. Consider Trea Turner’s deal with the Philadelphia Phillies (11 years), Carlos Correa’s contract with the San Francisco Giants (13 years), and Xander Bogaerts’ contract with the San Diego Padres (11 years). Teams and players are free to negotiate mutually beneficial deals, but if...

Steve Cohen Does Not Care About the ‘Steve Cohen Tax’

Based on the aggressiveness displayed by the New York Mets front office this offseason, it can be concluded that Steve Cohen is not intimidated by the increase in luxury tax payments that he will have to make. To contextualize what is facetiously called the ‘Steve Cohen Tax,’ other owners in the MLB quickly took notice of Steve Cohen’s abundant spending habits and decided to...