Here's How Much Money the Toronto Blue Jays Owe in Luxury Tax Payments

After going over the CBT threshold of $233 million in 2023, the Toronto Blue Jays owe more than $5 million in luxury tax payments.

According to MLBTradeRumors, here's the breakdown for teams that went over the threshold:

Here is what each of the eight teams owes for surpassing at least the $233MM base CBT threshold….

Mets: $100,781,932
Padres: $39.7MM
Yankees: $32.4MM
Dodgers: $19.4MM
Phillies: $6.98MM
Blue Jays: $5.5MM
Braves: $3.2MM
Rangers: $1.8MM

For luxury tax purposes, outfielder George Springer counted as a $25 million hit, which was the biggest on the Jays' roster. Kevin Gausman ($22 million), Chris Bassitt ($21 million) and Hyun-Jin Ryu ($20 million) also counted over $20 million. Beyond that, Jose Berrios ($18.7) and Vladimir Guerrero Jr. ($14.5) were next.

Toronto will end up paying Guerrero Jr. and Bo Bichette more in arbitration next season, but they will save money after shedding the salary of Ryu, who is now a free agent. On top of that, the team is also losing the salaries of Whit Merrifield, Matt Chapman, Kevin Kiermaier and Brandon Belt, who are also free agents.

Of course, the team will spend money to replace those players, so it remains to be seen what the total payroll will be for the 2024 season and if the Jays will cross over the tax threshold again.

Toronto finished third in the American League East in 2023 and made the playoffs as a wild card team. Unfortunately, they were swept in the wild card round by the Minnesota Twins, marking the second straight year the Jays had failed to win a single playoff game.

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