The Los Angeles Dodgers have ended the New York Yankees' 15-year streak as Major League Baseball's biggest spenders and owe more than $26.6 million in luxury tax.
The Dodgers finished with a record payroll of $257,283,410, according to final calculations made by Major League Baseball on Friday and obtained by The Associated Press. That is more than $20 million above the previous high, set by the Yankees last year.
Continue Reading Below
For the first time since the current luxury tax began in 2003, the Yankees won't be paying the most. The luxury tax was put in place as a slowdown on spending by high-revenue teams.
The Dodgers owe $26,621,125 based on a $277.7 million payroll for purposes of the tax, which calculates payroll based on the average annual value of contracts for players on the 40-man roster and includes benefits.
The Yankees owe $18.3 million in tax.