All offseason, we've heard about the New York Yankees wanting to keep payroll below $300 million. Now, as the details of Cody Bellinger's new contract and its luxury tax implications come to light, we're learned the truth, and it's a real good news/bad news situation for Yankees fans. Typically, that is how the luxury tax charge is calculated. That led to two scenarios that, when combined, have ballooned his 2026 luxury tax number to $48.55 million. Per Sherman, this now puts the Yankees' payroll at $330 million.