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Boston Red Sox

LIVERPOOL, ENGLAND – AUGUST 09: John W. Henry, owner of Liverpool ahead of the Premier League match between Liverpool FC and Norwich City at Anfield on August 09, 2019 in Liverpool, United Kingdom. (Michael Regan/Getty Images)

98.5 The Sports Hub staff report

John Henry and the Boston Red Sox are paying, and paying big, for their disappointing 2019 season, as the team will have to pay a franchise-record $13.4 million luxury tax for last year’s league-high $228 million on-field budget.

The penalty comes after a season that saw the Red Sox fall drastically short of their expectations as defending World Series champions, with 84 wins and a third-place finish in the American League East.

The Red Sox are not alone, though, as the Chicago Cubs and New York Yankees will also have to pay their luxury tax bills for 2019, though Chicago’s checks in at $7.6 million while the Bombers are on the hook for a $6.7 million bill.

One of the reasons Boston’s payment is higher is because this was the team’s third straight season going over the threshold, which meant that they had to pay 50 percent on their overages, as well as another 12 percent for going $20 million over the threshold.

With this news, it’s perhaps no surprise that the Red Sox are still doing their best to shed salary this offseason, from rumors involving David Price (due $96 million over the next three years) to Mookie Betts (due a monstrous payday after next year).