07/22/2003 4:38 PM ET
2003 MLB Club payrolls
Baseball payrolls by average annual value as of July 15 (and reflecting the Yankees-Mets trade of July 16) as compiled by the commissioner's office for luxury tax purposes and obtained by The Associated Press.
Payrolls are for 40-man rosters and include averages of multiyear contracts plus $7,552,271 to cover health and pension benefits; clubs medical costs; insurance; workman's compensation, payroll, unemployment and Social Security taxes; spring training
allowances; meal and tip money; All-Star game expenses; travel and moving expenses; postseason pay; and college scholarships.
The projected luxury tax is assessed at a rate of 17 percent on the amount above $117 million. The actual luxury tax will be assessed on the final payroll after the season.
This information was not subject to the approval of Major League Baseball or its clubs.
||Projected Tax $
|1||New York Yankees||180,322,403||10,764,809|
|2||New York Mets||116,253,927||0|
|17||Chicago White Sox||71,336,029||0|