Luxury Tax; New York Court dismisses Golf case; Department store discount hurts K-State basketball
December 22, 2010
Guess what two baseball teams had to pay a luxury tax?
Of course it wasn't the Pirates and Royals. The Yankees and Red Sox were again the only two MLB teams that will be forced to pay the equivalent of a penalty for exceeding Baseball's spending limit. Yet, for the Yankees, their share of the tax was their lowest since 2003. While the Red Sox only need to come up with an additional $1.5 million.
The luxury tax is what's used in Baseball instead of a salary cap. For the 2010 season the limit on salaries was at $170 million. Only the Red Sox, Yankees, Tigers and Angels have ever been forced to pay the tax.
Fore!
Judges from the state Court of Appeals in New York sided with a lower court ruling that found a golfer's failure to yell "fore" after striking an errant shot did not amount to intentional or reckless conduct.
Two K-State basketball players declared ineligible
Two starting players on the Kansas State basketball team were ruled
ineligible for receiving impermissible benefits. Jake Pullen and Curtis Kelly received discounts on clothing at a store that were not available to other students. Pullen will have to sit-out three games, while Kelly's suspension has not yet been determined.
Guess what two baseball teams had to pay a luxury tax?
Of course it wasn't the Pirates and Royals. The Yankees and Red Sox were again the only two MLB teams that will be forced to pay the equivalent of a penalty for exceeding Baseball's spending limit. Yet, for the Yankees, their share of the tax was their lowest since 2003. While the Red Sox only need to come up with an additional $1.5 million.
The luxury tax is what's used in Baseball instead of a salary cap. For the 2010 season the limit on salaries was at $170 million. Only the Red Sox, Yankees, Tigers and Angels have ever been forced to pay the tax.
Fore!
Judges from the state Court of Appeals in New York sided with a lower court ruling that found a golfer's failure to yell "fore" after striking an errant shot did not amount to intentional or reckless conduct.
Two K-State basketball players declared ineligible
Two starting players on the Kansas State basketball team were ruled
ineligible for receiving impermissible benefits. Jake Pullen and Curtis Kelly received discounts on clothing at a store that were not available to other students. Pullen will have to sit-out three games, while Kelly's suspension has not yet been determined.
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