Earlier this week we heard that draft bonuses were the last major issue to be resolved in the Collective Bargaining Agreement, with Bud Selig pushing for hard slotting. Since then we've heard that hard slotting is pretty much dead, although Buster Olney reports that the changes that are now being discussed involve a luxury tax on total draft spending.
MLB has a luxury tax on total payroll, which only really affects three teams. The payroll figure goes up every year, and the Yankees pay almost all of the luxury tax. Unlike revenue sharing money, the tax money goes to MLB's central fund, rather than being distributed to other teams. The Yankees, and other teams, haven't been restricted from spending big due to the luxury tax. They've just had to pay a bit extra to spend over the limi...
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