Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations
Withum
FEBRUARY 29, 2024
While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.
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