Jul 6, 2013, 2:00 PM EDT
If Dwight Howard had chosen to stay on with the Lakers for the next five years, the team’s total payroll costs would have been astronomical thanks to the new luxury tax penalties that were penned in the most recent version of the league’s collective bargaining agreement.
Pau Gasol, a part of two championship teams in Los Angeles not that long ago, would have been a candidate to be jettisoned via the amnesty provision in order to greatly reduce the insanely high payroll the team would be facing next season.
Now that Howard is out of the picture, however, that is no longer the case.
Now that Howard is gone, there will be no talk or discussion about using the amnesty provision on forward Pau Gasol anymore, a source with knowledge of the team’s thinking told ESPNLosAngeles.com Friday night.
No firm decision had been made, the source insisted, as the team’s preference was to look for ways to keep Gasol. But now that decision has been taken care of with Howard leaving.
Gasol is slated to earn $19.3 million in the final year of his contract next season, but the tax amount the Lakers would be on the hook for would be far greater than that of just his salary.
Eric Pincus of the Los Angeles Times explains:
Under the new collective bargaining agreement, the tax rate shifts this season from flat to exponential. The Lakers at $104.3 million would be on hook for an astounding $97.9 million in luxury tax for a total of $202.3 million.
At that price, the team would have certainly used their one-time amnesty on Pau Gasol. While the veteran forward/center would still get the final $19.3 million on his contract, the Lakers’ tax would drop all the way down to about $26.1 million.
As much as Gasol has meant to the franchise, he isn’t worth $70 million in penalties for a single season — and arguably, nobody is.
It remains to be seen what the Lakers will do with Gasol the following season, when they’ll have all the cap space in the world to pursue any available player they wish from a free agent list that will include LeBron James and Carmelo Anthony, among many others.
Aug 29, 2015, 11:00 PM EDT
Unfortunately, neither of them can defend anyone.
Aug 29, 2015, 9:30 PM EDT
Claver played two-plus seasons with the Blazers.
Aug 29, 2015, 8:00 PM EDT
The block happened in the Seattle Pro-Am game.
Aug 29, 2015, 6:30 PM EDT
All in one 15-minute video.
Aug 29, 2015, 5:00 PM EDT
If he develops a consistent three-point shot, it’s over.
Aug 29, 2015, 3:30 PM EDT
Bargnani is playing for the Italian national team.
Aug 29, 2015, 2:00 PM EDT
Bryant has appeared in every 2K game.
Aug 29, 2015, 12:30 PM EDT
That’s what he does.
Aug 29, 2015, 11:00 AM EDT
Sibert played four years in college.
Aug 29, 2015, 9:30 AM EDT
Owning this may be better than seeing Space Jam 2 with Lebron James, if that project comes together.
Aug 29, 2015, 8:00 AM EDT
He’s a coach, a brother.” — Lakers’ co-owner Jim Buss on Byron Scott
Aug 28, 2015, 11:00 PM EDT
It’s not a coincidence you see stars like Chris Paul, LeBron James, Tim Duncan and Russell Westbrook in a highlight package like this.
Aug 28, 2015, 9:30 PM EDT
Hollins’ likes to slow things down.
Aug 28, 2015, 7:59 PM EDT
It is going to be a rough year in Denver as they give the keys to the offense to a rookie point guard.
Aug 28, 2015, 6:46 PM EDT
I wouldn’t bet on him making the roster.
Aug 28, 2015, 5:44 PM EDT
Will either of them take a discount for security?
Aug 28, 2015, 3:58 PM EDT
Charles Barkley talked about how he never found Dawkins in a bad mood — he was always jovial.
Aug 28, 2015, 2:59 PM EDT
Boozer is making the right play here.
Aug 28, 2015, 2:15 PM EDT
It shouldn’t linger into training camp if he doesn’t aggravate it.
Aug 28, 2015, 1:44 PM EDT
What did you expect he would say?
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- Jim Buss defends Byron Scott as Lakers coach, “He has the Laker blood in him” 20
- Jim Buss open to the idea of Kobe Bryant playing beyond this season 30
- Derrick Rose on sexual assault suit: “I am confident I will be proven innocent” 4
- Report: Kyrie Irving likely not back opening night, could be out until January 14
- Legendary Sixer, backboard-shattering dunker Darryl Dawkins dies at 58 14
- After Rio Olympics next summer, who takes over at Team USA coach? 8
- Kobe, Shaq discuss regrets over feud that ended their Lakers era 49