I heard some interesting info on the luxury tax, specific to the NYY payroll.
The Yankees are trying to get their payroll down to $189K for the 2014 season (from what I heard, they have too much money on the books to do it in 2013).
at this point, they pay a 50% luxury tax on their payroll. if they get the payroll down to $189K, for 2 consecutive seasons, their tax gets reset to 17%
The expectation is that they will return to their usual spending habits for the 2016 season, once their tax is reset.
This info came from some guy who has covered the NYY for the past 12 years, I didn't catch his name when he was being interviewed on MLB radio.
I thought it was interesting to hear some of these details on how the luxury tax works.