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Yankees assessed luxury tax

Yankees assessed luxury tax

NEW YORK -- The Yankees are proudly displaying the World Series trophy at Yankee Stadium, but they also will have to cut the Commissioner's Office a large check for the 2009 season.

New York was the only Major League club to be hit with a luxury tax this year, according to The Associated Press, with a penalty of nearly $25.69 million charged for once again crossing the payroll threshold in baseball's collective bargaining agreement.

The Yankees have crossed the threshold in all seven years since the tax started and must send a check to the Commissioner's Office by Jan. 31.

George M. Steinbrenner's club has been billed $174 million of the tax's $190 million total since 2003. The only other teams to pay have been the Red Sox ($13.9 million for 2004-07), the Tigers ($1.3 million for 2008) and the Angels ($927,059 for 2004).

Bryan Hoch is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.

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