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The New York Yankees have had a productive offseason thus far in 2022, keeping Anthony Rizzo and Aaron Judge in the Bronx and adding one of the best starting pitchers available in Carlos Rodon. But the “Steve Cohen Tax” might deter Aaron Boone and the pinstripes from making any more moves in the short-term, most notably for an upgraded left-fielder.
MLB and the players’ association raised the luxury tax threshold from $210 million to $230 million in 2022, with a new fourth tier starting at $290 million, per ESPN. That’s a number the Yankees likely don’t want to go over in 2023.
When Cohen was asked his thoughts on baseball’s new luxury tax level being nicknamed after him earlier in 2022, he had a great response: “It’s better than a bridge being named after you.”