Tag: Finances

End of Year Luxury Tax Bill Looms for Some Teams

The Rimouski Fighting Moose topped the league in payroll spending, at over $191 million this year

At least four teams face the prospect of a luxury tax bill this season after overspending on payroll this year.  The top spender, at over $191 million, were the small-market, small-budget Rimouski Fighting Moose, putting them well above the estimated average payroll of $120 milion, on which the soft cap and luxury tax is based. Three other teams overspent and will face similar hardship this October.

Former GM Bob Weinberg went full “drunken sailor” last off-season, adding Dao-zi Ling, William Febres, Kyle Cahill, Celestino Caparica and Lou Bricknell, adding over $65 million to their payroll. The team was already stocked with high-priced contracts for stars like Alan Isimo, Zenjiro Suga and others. Continue reading “End of Year Luxury Tax Bill Looms for Some Teams”