In 2024, MLB teams faced unprecedented luxury tax penalties, totaling over $311 million, with the Los Angeles Dodgers leading the charge at $103 million. The New York Mets and New York Yankees followed closely behind, contributing to a significant increase in penalties compared to the previous year.

The Dodgers emerged victorious in the World Series, while the Yankees secured their first American League pennant since 2009. Despite high payrolls, the San Francisco Giants and Texas Rangers ended the season with losing records.