Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > NBA Team Forums > Los Angeles Lakers Forum

Los Angeles Lakers Forum Los Angeles Lakers message board - los angeles lakers fan forum

Reply
 
Thread Tools
Old 08-15-2012, 07:45 PM   #1
kobesabi
Double Dribble Expert
 
kobesabi's Avatar
 
Join Date: Mar 2007
Location: Surf Cities
Posts: 3,257
Default Lakers upcoming Luxury Tax

Quote:
The Lakers will have a tax bill of around $30 million next July, and in retrospect, will view this season as their salad days -- it's the last one where the tax rate is dollar-for-dollar. Starting in 2013-14 the new "incremental" tax takes over, where being $30 million above the tax line will mean paying a whopping $85 million tax bill.
And it gets worse. Starting in 2014-15 teams will pay an even higher rate for being repeat offenders -- defined as paying tax in at least three of the four previous seasons. A team $30 million over the tax line will pay -- brace yourself -- an additional $115 million in luxury tax.
After adding up their payroll, luxury tax bill and revenue sharing contribution (projected to be $49.4 million in 2013-14), even the Lakers have to stop to consider whether this simply can be written off as the cost of doing business -- and that's the future if they're paying players with salaries like Bryant, Howard, Gasol and Nash.

Uncle Stern "luxury tax"

$30 Mil for 2012/13
$85 Mil for 2013/14
$115 Mil for 2014/15?

Wow...85 and 115? Are these amounts additional expense on top of the team roster salary? Who receive this tax? NBA? IRS? or smaller market?

http://sports.yahoo.com/blogs/nba-ba...4960--nba.html

Last edited by kobesabi : 08-15-2012 at 08:53 PM.
kobesabi is offline   Reply With Quote
Old 08-15-2012, 08:37 PM   #2
magicmanfan
Local High School Star
 
magicmanfan's Avatar
 
Join Date: Aug 2006
Posts: 1,402
Default Re: Lakers upcoming Luxury Tax

Quote:
Originally Posted by kobesabi
$30 Mil for 2012/13
$85 Mil for 2013/14
$115 Mil for 2014/15?

Wow...85 and 115? Are these amounts additional expense on top of the team roster salary? Who receive this tax? NBA? IRS? or smaller market?

http://sports.yahoo.com/blogs/nba-ba...4960--nba.html

Lakers could get under the cap for 2014/15, but there's lots to do...

The tax is split by all the teams not over the cap... so if 10 teams are over the
cap, add all their tax together and divide by 20 = each team's share

Last edited by magicmanfan : 08-15-2012 at 08:39 PM.
magicmanfan is offline   Reply With Quote
Old 08-15-2012, 08:38 PM   #3
magicmanfan
Local High School Star
 
magicmanfan's Avatar
 
Join Date: Aug 2006
Posts: 1,402
Default Re: Lakers upcoming Luxury Tax

Do the Lakers have to get under the cap in 2014/15 or the tax level before the
repeaters tax kicks in?
magicmanfan is offline   Reply With Quote
Old 08-15-2012, 08:52 PM   #4
kobesabi
Double Dribble Expert
 
kobesabi's Avatar
 
Join Date: Mar 2007
Location: Surf Cities
Posts: 3,257
Default Re: Lakers upcoming Luxury Tax

Quote:
Originally Posted by magicmanfan
Lakers could get under the cap for 2014/15, but there's lots to do...

The tax is split by all the teams not over the cap... so if 10 teams are over the
cap, add all their tax together and divide by 20 = each team's share
So NBA is acting like communists but actually redistribute the excess back to the smaller market.

Real communists make all those redistribution claim but hardly ever redistribute anything back to any "poorer folks"

But still ...wow...115M...that is like entire Lakers team salary or 2 smaller market team salary right there.
kobesabi is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 12:40 AM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site













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