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.
Sep 19, 2014, 5:59 PM EDT
This post is here to make life easier for you when you want to find these at the end of the season and point out how wrong we were.
UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks
Sep 19, 2014, 5:11 PM EDT
It has to be a sign and trade and Minnesota doesn’t have a lot of leverage here.
Sep 19, 2014, 4:00 PM EDT
“It was more just becoming a better all-around player, trying to take the next step and become a leader on this team and will my team to win.” —Jeff Green
Sep 19, 2014, 3:28 PM EDT
And you wonder why Phil Jackson is worth $12 million a year to the Knicks organization.
Sep 19, 2014, 2:50 PM EDT
Budenholzer got thrust into a position with the power a lot of coaches covet.
Sep 19, 2014, 2:07 PM EDT
Sep 19, 2014, 1:30 PM EDT
Best. Name. Ever.
Sep 19, 2014, 12:47 PM EDT
Heat point guard one-ups Andre Drummond with trick shot
Sep 19, 2014, 12:44 PM EDT
Will he make Cleveland’s regular-season roster?
Sep 19, 2014, 12:05 PM EDT
Full recap from the launch event at Nike World Headquarters in Portland, Oregon, including technical information, details on colorways, and confirmed release dates.
Sep 19, 2014, 11:32 AM EDT
Elbow injury would have kept him out of camp.
Sep 19, 2014, 10:30 AM EDT
Kyle Lowry and Co. return for another run
Sep 19, 2014, 9:30 AM EDT
Former Kings draft pick joins three other players competing to make Memphis’ roster
Sep 19, 2014, 9:00 AM EDT
Raduljica, after solid rookie year, leaves NBA sooner than he’d hoped.
Sep 19, 2014, 8:30 AM EDT
Alfonso Ribeiro can still do that dance.
Sep 19, 2014, 8:00 AM EDT
“Then it became a competition amongst guys and now you really got into it more and you started to really understand the clothes you put on your body.” —Dwyane Wade
Sep 19, 2014, 12:01 AM EDT
Saunders wants the rookie to earn it.
Sep 18, 2014, 10:46 PM EDT
Pietrus sat out all of last season.
Sep 18, 2014, 9:31 PM EDT
Looks like Bucks head coach Jason Kidd is serious about making Antetokounmpo into a point guard.
- UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks 10
- LeBron James unveils latest signature shoe from Nike: The LEBRON 12 9
- ProBasketballTalk 2014-15 Preview: Toronto Raptors 8
- Dwyane Wade credits David Stern’s dress code for improving his style 13
- Kevin Durant has grown close with Karl Malone 15
- ProBasketballTalk 2014-15 Preview: Philadelphia 76ers 5
- Steve Kerr said Danny Ferry made mistake but is a “man of high character” 33
- LeBron James on Kyrie Irving: “I believe Kyrie can be the best point guard in the league.” 25