https://www.mlb.com/glossary/transactions/competitive-balance-taxThey're surprisingly tough to find. I've got to run but I'll look for one in a few hours. I remember reading it some months ago, and the consensus was that the penalties were less burdensome than the last CBA, but it would help to do a sharp side-by-side comparison.
Clubs that are $40 million or more above the threshold shall have their highest selection in the next Rule 4 Draft moved back 10 places unless the pick falls in the top six. In that case, the team will have its second-highest selection moved back 10 places instead.