APNewsBreak: Dodgers end Yankees' 15-year streak as biggest spender, owe most tax

IndustriesAssociated Press

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.

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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.