Message Board Basketball Forum - InsideHoops

Message Board Basketball Forum - InsideHoops (http://www.insidehoops.com/forum/index.php)
-   Utah Jazz Forum (http://www.insidehoops.com/forum/forumdisplay.php?f=38)
-   -   New NBA luxury tax issues (http://www.insidehoops.com/forum/showthread.php?t=291340)

insidehoops 02-21-2013 12:52 PM

New NBA luxury tax issues
 
"Under the previous agreement, if a team exceeded the luxury tax level by $4 million, it paid an additional $4 million in tax penalties. If it went over by $14 million, it paid $14 million in penalties," Krawczynski wrote.

"Next season, because of various increases in penalties, that $4 million will cost a team $6 million. And the team that goes over by $14 million will be hit with a $26.25 million bill.

"To make matters worse, any team that exceeds the cap "apron" which is $4 million over the existing luxury tax level is not allowed to bring in a player in a sign-and-trade deal. That team also will only be able to offer a three-year mid-level exception deal to a free agent rather than the four-year exception that teams under the apron can offer, putting them at a bargaining disadvantage on the open market."

-- Deseret News


All times are GMT -4. The time now is 07:13 PM.

Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy