answersLogoWhite

0


Best Answer

There is no salary cap in MLB. There is something called a 'luxary tax'. This is a 'tax' on the amount of salary over a threshold as decided by the labor agreement between the players and management. For 2008, this threshold is $155,000,000. Any team whose total salaries exceed this threshold will have to pay a 'tax' on the amount over the threshold. This tax is 22.5% for teams that have gone over the threshold for the first time, 30% for teams that have gone over the threshold for the second time, and 40% for teams that are over for the third time or more. The money accumulated from luxary taxes is placed in a fund and divided among small market teams.

User Avatar

Wiki User

โˆ™ 2008-06-19 17:00:10
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What is the Major League Baseball salary cap for 2008?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the salary range for a major league baseball player?

According to the current collective bargaining agreeement, the minimum salary for a major league baseball player will be $380,000 in 2008. The maximum salary in 2008 will be $27.5 million per year after a ten year, $275 million deal between the Yankees and Alex Rodriguez is finalized.


How much was Geoff Jenkins paid to play major league baseball?

Geoff Jenkins salary in the 2008 season was $5 million.


Who was the lowest paid player in Major League Baseball in 2008?

Based on the 2008 MLB baseball salary roster reported by USA Today, Here it is! Not bad. Oakland Athletics Thomas, Frank DH $337,000 2008


How many teams are in the Major League Baseball 08?

In 2008, Major League Baseball (MLB) consisted of 30 teams.


Who were the 2008 MVP's for Major League Baseball?

2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols


Who was the 2008 Major League Baseball mvp?

2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols


Who was the MVP of the 2008 Major League Baseball season?

2008 MLB MVPsThe 2008 American League MVP was Dustin PedroiaThe 2008 National League MVP was Albert Pujols


Who won Major League Baseball championship in 2008 in the US?

Philidelfia Phillies


What is the average yearly earnings of Major League Baseball?

According to MLB, the average salary of all players on opening day rosters in 2008 was $3.15 million. In 2007, the average salary was $2.94 million. Alex Rodriguez was the highest paid player in 2008 at $28 million. The MLB minimum salary was $390,000.


What is the most common first name in Major League Baseball in 2008 season?

David


Who won the 2008 major league baseball World Series?

the philadelphia phillies won the 2008 world series


What is the total amount of baseball games played in Major League Baseball history?

11,305,896 as of December 2 2008

People also asked