Start United States USA — Financial Angels’ stunning salary dump still left them above luxury tax threshold

Angels’ stunning salary dump still left them above luxury tax threshold

113
0
TEILEN

The Angels keep coming up short this season.
The Angels keep coming up short this season.
Amid another disappointing season, the Angels waved the white flag on 2023 and waived six players — Lucas Giolito, Reynaldo Lopez and Dominic Leone, Matt Moore, Hunter Renfroe and Randal Grichuk — on Tuesday.
It was intended to cut their payroll under the $233 million luxury tax threshold.
Five of the six waived players were picked up by other teams, taking more than $5 million off the payroll, but Grichuk went unclaimed.
Teams take on the contracts of the players they claimed, but if a team waives a player and he goes unclaimed, that team still has to pay whatever is left on the player’s contract.
That means the Angels still have Grichuk’s contract on the books.
As a result, they didn’t cut enough salary to get under the luxury tax threshold.

Continue reading...