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Cubs shoot down report they were penalized for exceeding luxury tax

ORLANDO, Fla. — The Cubs said a news report Monday listing the team as one of six penalized for exceeding the competitive balance – or “luxury” – tax threshold in 2017 was in error.

The Cubs actually were far below the threshold this season.

It’s a significant difference because that would have meant a second consecutive year of penalties, which would have impacted draft pick compensation this winter.