CHICAGO (AP) — New York Yankees owner Hal Steinbrenner said he voted for Major League Baseball’s proposal to lower the luxury tax threshold, a plan opposed by the players’ union with the sport on the brink of its first work stoppage on 26 years.
The luxury tax, formally known as the competitive balance tax, had a threshold of $210 million this year. Owners proposed lowering it to $180 million and a…
