The Blue Jays are aiming to keep their 2024 payroll below the $237MM first luxury tax threshold, with final numbers pending confirmation by the commissioner.
The team initially started 2023 with a luxury tax payroll of approximately $11MM over the first threshold but reduced it by trading players.
At least ten teams, including the Blue Jays, might have to pay luxury tax penalties as final calculations approach, with Toronto's potential tax at $240.4MM.
Resetting luxury tax penalties is crucial for the Blue Jays, especially after paying the tax last season; second and third-time offenders face increasingly steep penalties.
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