Are you ready for some payroll taxes? (In baseball, that is)

MLB?Commissioner Bug Selig shakes hands with Red Sox pitcher Andrew Miller at Tuesday’s announcement.

Major League Baseball?and the Player’s Association announced the details of a new collective bargaining agreement Tuesday that will keep labor peace through 2016.

That’s the good news.

The bad news — big market clubs like the Red Sox, Yankees and Phillies will all have some new issues to contend with.

In MLB’s continuing quest for parity the new CBA includes multiple changes to the luxury tax, free agent signing rules and a new tax on signing players from the MLB draft.

While it’s unlikely sides would ever agree on a salary cap, they did make changes to the luxury tax already in place. Not only will teams owe the amount over the tax threshold, they will now be taxed on that percentage.

According to reports, the new luxury cap will be $178 million in 2012. Go over that with your payroll and you’ll pay a 42 percent tax. In 2013, that increases to 50 percent.

The only three teams remotely close to $178 million in 2011 — the Red Sox ($164 million, Phillies ($165 million) and Yankees ($207 million).

Also working against the big market clubs will be new rules on signing draft picks. MLB?has had a recommended contract for each slot in the draft. However, they had no rules in place to enforce it.
Small market teams were priced out of signing some top talent, while big market clubs like the Yankees would pay above slot — sometimes way above — at the back of the round. There’s still no hard slotting, but teams will now pay a tax based on how far over slot they pay draftees.

HGH test to be put in place

Maybe the most mentioned addition to the new CBA?will be the implementation of human-growth hormone testing.

Every player will be tested during spring training, while select players could be tested during the season “with due cause.”

A positive test will result in the same penalties as other performance-enhancing drugs — 50 games on the first positive test, then 100 games and a ban on the next two.

Random offseason testing will begin following the 2012 season.


News
Entertainment
Sports
Lifestyle
National

New statue of Penn State's Paterno set for…

By David DeKokHARRISBURG, Pennsylvania (Reuters) - Fundraising for a new statue depicting Joe Paterno "as the man he was and not Joe the football coach"…

National

On newly released tape, 'Squeaky' Fromme says was…

Manson Family member Squeaky Fromme told a mental health examiner in newly released interview the "X" she carved in her forehead was meant to separate her from "the system."

Local

New York-based Century 21 store coming to The…

The former Strawbridge & Clothier building will once again host a department store. City officials on Thursday announced New York-based Century 21 Department Stores will…

National

Electric Zoo tickets on sale Tuesday as festival…

Electric Zoo tickets go on sale Tuesday. The festival announced plans to amp up security after two attendees died last year from apparent drug overdoses.

Music

Championship of Collegiate a Cappella: Students who are…

Tickets to this Saturday’s International Championship of Collegiate a Cappella reportedly sold out within 11 hours of going on sale.

Music

M.I.A. talks 'Matangi,' divinity, spontaneity and holograms

"There’s pressure for me to become a theatrical production like 'Glee,' or something" says M.I.A., "It’s like, 'the pressure’s on, bitches.'"

Movies

Tribeca: 'Goodbye to All That' star Paul Schneider…

Paul Schneider talks about his new film "Goodbye to All That," not acting too much and how he'd rather indulge in simple pleasures than play the scene.

The Word

Taylor Swift battles paparazzi daily at Tribeca penthouse

We're entranced by these photos of poor Taylor Swift leaving her Tribeca apartment.

NBA

Jason Collins named to Time's 100 Most Influential…

Jason Collins was named to the list after coming out as the first openly gay player to appear in an NBA game.

MLB

The return of Cole Hamels brings optimism

Cole Hamels’ quality start Wednesday was a nice change of pace from his recent season debuts.

MLB

Tony Gwynn Jr. a nice surprise for Phillies

Tony Gwynn Jr. has been a plus in every way for the Phillies.

NFL

2014 NFL Mock Draft: Updated, new April 24…

2014 NFL Mock Draft: Updated, new April 24 version

Food

Hai Street Kitchen opening in Rittenhouse May 22

Japanese cuisine will get a Chipotle-style twist at Hai Street Kitchen & Co., a new casual, quick-food restaurant opening near Rittenhouse Square on May 22.…

Parenting

New study: Inside the wage gap between boys…

According to a new study, there's a wage gap between boys and girls, with boys earning more allowance for less chores.

Tech

From Apple TV to Fire TV, big changes…

Apple is set to launch a new generation of it's Apple TV, which grossed over $1 billion in 2013. But competition from Amazon and Google looms.

Style

Katy Perry releases a new Claire’s collection

Katy Perry expands her empire by releasing an accessories collection at Claire's.