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Break out the collection jars: Yankees' luxury tax increases $400k

NEW YORK (AP) - The New York Yankees' luxury tax bill for this year has gone up by nearly $400,000.

Major League Baseball sent a revised accounting to the team Tuesday, raising New York's payment to $19,311,642 from $18,917,994. The change reflected how one player's salary was accounted for.

New York is the only team to pay the luxury tax this year. The Yankees' final payroll for luxury tax purposes climbed from $222.5 million to $223.4 million.

The Yankees pay at a 42.5 percent rate on the amount over the $178 million threshold. The luxury tax uses average annual values of contracts and includes benefits.

New York's regular payroll - 2012 salaries, earned bonuses and prorated shares of signing bonuses - increased from $223.3 million to a record $224.2 million.

Meanwhile, the Seattle Mariners checked in at $88.4 million -- eighth lowest in baseball.

N.Y. Yankees$223,439,158
Boston177,952,823
L.A. Angels176,652,838
Philadelphia174,523,432
San Francisco160,399,128
L.A. Dodgers158,258,570
Texas148,513,970
Detroit145,231,588
St. Louis125,811,271
Milwaukee120,865,321
Washington118,978,939
Cincinnati118,770,061
Chicago White Sox114,459,560
Chicago Cubs112,711,841
Miami111,824,633
Colorado106,202,187
Minnesota105,860,445
N.Y. Mets105,704,018
Atlanta105,318,027
Toronto103,726,534
Baltimore97,056,240
Arizona88,891,716
Seattle88,389,993
Kansas City83,462,428
Cleveland82,626,016
Tampa Bay81,206,178
Pittsburgh80,317,027
San Diego78,817,495
Oakland73,073,503
Houston72,265,379

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