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

Break out the collection jars: Yankees' luxury tax increases $400k
New York Yankees right fielder Ichiro Suzuki, left, center fielder Curtis Granderson and right fielder Nick Swisher celebrate their 6-2 victory over the Seattle Mariners in baseball game at Yankee Stadium in New York, Sunday, Aug. 5, 2012. (AP Photo/Kathy Willens)
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
Boston 177,952,823
L.A. Angels 176,652,838
Philadelphia 174,523,432
San Francisco 160,399,128
L.A. Dodgers 158,258,570
Texas 148,513,970
Detroit 145,231,588
St. Louis 125,811,271
Milwaukee 120,865,321
Washington 118,978,939
Cincinnati 118,770,061
Chicago White Sox 114,459,560
Chicago Cubs 112,711,841
Miami 111,824,633
Colorado 106,202,187
Minnesota 105,860,445
N.Y. Mets 105,704,018
Atlanta 105,318,027
Toronto 103,726,534
Baltimore 97,056,240
Arizona 88,891,716
Seattle 88,389,993
Kansas City 83,462,428
Cleveland 82,626,016
Tampa Bay 81,206,178
Pittsburgh 80,317,027
San Diego 78,817,495
Oakland 73,073,503
Houston 72,265,379