Luxury tax (sports)
id:
luxury-tax-sports-182-7324222
title:
Luxury tax (sports)
text:
A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the sma
brand slug:
wiki
category slug:
encyclopedia
description:
Surcharge put on the aggregate payroll of a sports team
original url:
https://en.wikipedia.org/wiki/Luxury_tax_(sports)
date created:
2004-07-07T20:57:31Z
date modified:
2024-09-06T15:58:05Z
main entity:
{"identifier":"Q15281541","url":"https://www.wikidata.org/entity/Q15281541"}
image:
fields total:
13
integrity:
15