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Old 07-26-2012, 12:19 PM   #13
Bulls_Fan20
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Post Re: Bulls to sign Marco Belinelli and Nazr Mohammed

Quote:
Originally Posted by ljsbb27
Luxury Tax is $70 million correct?

So even with these cost cutting moves we're still above the tax limit.

Imagine if we would have brought back all the overpaid bench players from last year we would have been way over and paid a significant penalty.

Yep, $70.3 million. That's why they are trying hard to trade Hamilton. Being slightly over the tax isn't a huge deal in year one, but it's years two and three that start to hurt, which is why Boozer will need to be amnestied soon if he can't be traded.
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