Nov 28, 2011, 8:06 AM EDT
Part of the reason we lost 480 NBA games this season is because a bunch of owners were pissed at the Lakers, Mavericks, Heat, Celtics and other owners willing to spend over the luxury tax. Small market owners wanted to tie the hands of the big spenders in the name of the mythical “competitive balance.”
They got their wish… but not right away.
The most punitive measures for big spending teams don’t kick in until year three of this labor deal, reports Ken Berger at CBSSports.com. So spend away, Buss family, you’ve got a couple more seasons before a bill comes due.
Luxury tax rates: The same dollar-for-dollar as in the previous CBA for the first two years. Starting in Year 3, the rates increase to $1.50 for the first $5 million over; $1.75 for $5-$10 million over; $2.50 for $10-$15 million over; $3.25 for $15-$25 million over; and an additional 50 cents for each additional $5 million (same as previous proposal).
Repeater Tax: A dollar-for-dollar additional tax for teams that are above the tax line for a fourth time in five years (same as previous proposal).
That means the tax is the same for two seasons and the repeater tax can’t hit a team until 2015 at the earliest. These are delayed bills that give today’s big spenders a chance to reduce salary — except they are all are already in a pretty good spot in a couple years.
To use the Lakers as an example, they currently have only $61 million on the books by the time the higher taxes kick in ($30 million of that goes to Kobe Bryant and $19.2 million to Pau Gasol). The Lakers will have time to bring their payroll to whatever level they deem reasonable (which will still be over the tax, just likely not in the $90 million range anymore).
Even the Heat, with their current big three and others roster, are at $71 million for the season the tax rates jump. They, too, will spend more but have time to prepare. That or ship Chris Bosh out.
In the short term none of these teams will not have as large a mid-level exception as others, but that is about the only new restriction on them for now. For the next couple years, it’s business as usual for the spenders.
Apr 21, 2014, 12:07 PM EDT
What does this mean for Carmelo Anthony?
Apr 21, 2014, 11:21 AM EDT
Bulls holding news conference to announce an award
Apr 21, 2014, 10:54 AM EDT
This isn’t a euphemism, he does want to spend more time with his family.
Apr 21, 2014, 10:31 AM EDT
Luca Ginobili born this morning
Apr 21, 2014, 10:01 AM EDT
Steve Kerr next in line?
Apr 21, 2014, 9:47 AM EDT
Hawks point guard scored 28 points in Game 1 upset of Pacers
Al Jefferson got two shots in his injured foot, left arena in walking boot, plans to play through it
Apr 21, 2014, 8:44 AM EDT
Charlotte already had a slim margin for error against Miami (if that) and their star being hobbled is not helping matters.
Apr 21, 2014, 8:00 AM EDT
Hopefully the refs let the Clippers and Warriors play some playoff basketball this time around. Thunder/Grizzlies Game 2 as well on Monday.
Apr 21, 2014, 3:49 AM EDT
Houston point guard to have MRI Monday
Apr 21, 2014, 2:32 AM EDT
Aldridge set a Blazers record with 46 points in a playoff game. Nene reminded everyone why he got paid big bucks a few years back — when healthy he is a beast.
Apr 21, 2014, 2:29 AM EDT
Aldridge scores 46 points, grabs 18 rebounds to lead comeback
Apr 20, 2014, 10:02 PM EDT
Nene gets his first start since February and the Wizards steal Game 1.
Apr 20, 2014, 8:30 PM EDT
Kemba Walker made James Jones look bad.
Apr 20, 2014, 6:58 PM EDT
Bobcats were scrappy, but with Al Jefferson hurting Miami just had too much LeBron James and Dwyane Wade.
Apr 20, 2014, 5:43 PM EDT
Touching moment as Gregg Popovich delivers a heartfelt message.
Apr 20, 2014, 4:21 PM EDT
Spurs close the game on a 19-4 run after trailing by double digits.
Apr 20, 2014, 3:30 PM EDT
Statement confirms referees handled replay review correctly, but also admits that they missed the initial foul call on a critical possession.
Apr 20, 2014, 2:00 PM EDT
If Jim Buss fails to deliver in quickly rebuilding the Lakers, he says he’ll resign.
Apr 20, 2014, 12:30 PM EDT
Roy Hibbert owned up to a poor Game 1. Will he do anything about it in Game 2 is the question.
Apr 20, 2014, 11:00 AM EDT
Shot clocks stopped working midway through the third quarter, but Raptors say all will be well in time for Game 2.
- Timberwolves’ coach Rick Adelman announcenes retirement 7
- Knicks fire Mike Woodson 29
- Monday NBA playoff previews: Expect a different looking Clippers/Warriors game. 1
- Sunday NBA grades: Nene, Aldridge lead day where big men shine 5
- LaMarcus Aldridge’s Trail Blazers claw back for Game 1 win over Houston Rockets 17