Frequently Asked Questions
What is the MLB luxury tax threshold for 2024?
The Competitive Balance Tax threshold for 2024 is $237 million. An increase is anticipated for the 2025 season.
When was the last time the Cubs paid the luxury tax?
The Cubs last paid the Competitive Balance Tax in 2020. This will be their first time paying the tax since then.
What signing put the Cubs over the luxury tax threshold?
Jed Hoyer confirmed that signing outfielder Cody Bellinger back in February all but guaranteed the Cubs would go over the luxury tax line for 2024.
Will the Cubs be over the luxury tax again in 2025?
Yes, it's expected that the Cubs will also be over the luxury tax threshold in 2025.
What are the Cubs' current playoff chances?
The Cubs are currently 3.5 games out of making the playoffs and on the losing end of every tiebreaker. They've had a brilliant August run that brought them back to life with a faint pulse.