luxury tax Stories - Blog a Bull
The Trail Blazers And The New Luxury Tax Rules
A few days ago, Howard Beck of the NY Times and Sam Amick of SI.com each reported that the details for a new luxury tax system have been agreed to by the NBA and the Players' Union. The new system has rightly been called more 'punitive' than the previous system, as the tax rate increases the...
CBA CLE Basics
I recently went to a Continuing Legal Education course put on the Suns. In addition to getting one of the fifteen hours I need every year, I got this picture, a sales pitch and I heard Steve Kerr use the phrase "salary dump." I thought I'd take a minute to pass on some of the highlights of the...
How the Wizards can use the lower-than-expected 2010 cap projection to their advantage
So by now you have all probably heard about the NBA issuing a memo to teams telling them to expect a significantly lower salary cap and luxury tax level in 2010/11 (that's next year, not this year). The numbers aren't pretty, as the cap could fall to as low as $50.4 million, with the luxury tax...
NBA Luxury Tax Reality Check
NBA owners constantly act and talk like they need to avoid the league's luxury tax like the plague. The hoops media and fans alike seem to have it deeply ingrained in their minds that the luxury tax is an enormous "fine" of some sort. Both parties of non-billionaires routinely make curious excuses...
RUMOR: Chris Cohan and Robert Rowell said no to Kevin Garnett because of additional salary and the luxury tax
This was only a small tidbit of the piece by Matt Steinmetz [FanHouse] on the non-renewal of Chris Mullin and promotion of Larry Riley to GM, but I think it's the most important. So many great questions. Jump for the 411. In fact, the seeds of discontent were sewn two years ago, when the...
Pacers Look To Improve Without Paying Luxury Tax
Newleywed Mike Wells checked in with Larry Bird on the Pacers salary cap issues and the willingness of the Simons to make moves that would exceed the cap and result in a luxury tax for the team. The shor answer: No way! "We're up around $69 million right now and we don't want to go over the...
Salary Cap Stuff
I should have mentioned this earlier: The NBA recently set the salary cap for the the 2009 season at $58.68 million. The luxury tax threshold is $71.15 million. This is important when you consider the money Boston currently has earmarked for nine players. In fact that makes my recent Delonte West...
Certain photos copyright © 2012 by Associated Press or Getty Images. Any commercial use or distribution without the express written consent of Associated Press and Getty Images is strictly prohibited.
