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Old 03-15-2012, 12:37 PM   #22
Xiao Yao You
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Default Re: Sam Young traded to 76ers

Originally Posted by zac
Well the main reason was to get under the Luxury Tax line and to receive the revenue sharing. It's been speculated for a while now that he would be the guy to go since the Grizzlies were roughly $600,000 over the line and Young's contract owed him almost $1,000,000 this year. Now as far as signing Arenas goes, I'm a little confused. I thought the Grizzlies would have to sign him at the vet min of $1.4mil so then we'd have to unload someone like Pargo's $1,000,000 to get under the tax line again. However, the Commercial Appeal tweeted this.

Someone with more knowledge might be able to explain this.

Only a month and a half left so Arenas only gets like 300 K.
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