The New York Yankees are on pace to avoid the luxury tax threshold for the first time since the penalty started taking effect in 2003.

The Boston Red Sox and Washington Nationals are the only teams on pace to pay the tax this year.

New York's updated tax payroll is $192.1 million, which is up from the $178.8 million Opening Day payroll, but remains below this year's $197 million threshold even with possible performance bonuses.

The Yankees have paid the tax 15 straight years, for a total of $341 million.