luxury tax

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Linsanity to Head to Houston?

Knicks unlikely to match Lin's $25M offer from Rockets

(Newser) - Just months after setting New York on fire with his dynamic play—not to mention his inspiring pun potential—Jeremy Lin could be leaving the Knicks, reports the New York Times . The Houston Rockets have offered Lin a hefty $25 million, three-year contract that could force the Knicks to let... More »

Luxury Tax Levied on Yanks, BoSox

Bronx Bombers owe a good chunk of change, but less than last year

(Newser) - The Yankees owe Major League Baseball $24 million of competitive-balance "luxury" tax on contracts that pushed the team's payroll over the $148 million limit, AP reports. The might seem like a lot to shell out for the privilege of paying Roger Clemens to go 6-6, but it's actually less... More »

2 Stories