This applies to the Yankees, as the death of George Steinbrenner means baseball's most successful franchise will now transition to Hank and Hal Steinbrenner -- except without an estate tax.
As Jill Schlesinger of CBS MoneyWatch notes , the tax year of 2010 does not include an estate tax, which was put in place when the Bush Administration levied tax cuts back in 2001. This means that Steinbrenner's $1.1 billion estate can pass to his heirs without penalty in the form of about $500 million payable to the government.
While the Yankees certainly aren't strapped for cash, the roughly $500 million that is saved from the lack of an estate tax can only mean that much more the team has to spend. Cliff Lee's agent must be thrilled.
-- Evan Brunell
For more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter.