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    Monday, December 27, 2004

    Time to pay up.

    The bill is coming due for the World Series champion Boston Red Sox. Final figures from the baseball commissioner's office show the New York Yankees, Boston and Anaheim
    will be paying baseball's luxury tax.
    The Yankees are required to pay about 25 million dollars, Boston owes about three million and Anaheim just under one million.
    All three teams exceeded the payroll threshold of 120-point-five million.
    The CBT is now an important part of baseball's economic

    Red Sox owner John Henry said in an e-mail Monday. Checks for the competitive-balance tax, as it is formally known,are due at the commissioner's office by Jan. 31.
    From my perspective, even though it costs us, the stronger the
    CBT is in the future, the stronger the sport is going to be. It is
    a much more productive form of taxation than that of strictly
    revenue taxation because the economic incentives for teams are not


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