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.
Mar 31, 2015, 7:59 PM EDT
Which is easier to insult, the Lakers or Justin Bieber?
Mar 31, 2015, 7:20 PM EDT
Harrell a potential lottery pick, Rozier a potential first rounder
Mar 31, 2015, 6:29 PM EDT
It’s impossible to ever really define and entire large city in one bit of writing. But this story comes as close to defining the intricate relationship of San Antonio with the Spurs as you are going to see.
Mar 31, 2015, 5:38 PM EDT
Redick, who once looked like a bust given oversized expectations, playing big role for surging Clippers
Mar 31, 2015, 4:56 PM EDT
This was fun frustration
Mar 31, 2015, 3:44 PM EDT
Knicks fans should be patient with this season. Optimistic… that’s a tough sell.
Mar 31, 2015, 2:59 PM EDT
LeBron names his three, and says after that he has ‘a bunch of teammates.’
Mar 31, 2015, 2:00 PM EDT
It had been hoped that Beverley might be available to return later in the postseason.
Mar 31, 2015, 1:20 PM EDT
Mar 31, 2015, 12:40 PM EDT
We already knew Durant was done for the season, but the Thunder have updated his status.
Mar 31, 2015, 12:00 PM EDT
Green is trying to downplay rivalry with Clippers coach, and is dealing with inflammation in his shins.
Kyrie Irving on his relationship with LeBron James: ‘I don’t want to say it’s not been rocky at all’
Mar 31, 2015, 11:20 AM EDT
Things are clicking now in Cleveland, but it wasn’t that way at the beginning of the season.
Flip Saunders (sort of) makes up with Jazz broadcaster after ripping him for saying Timberwolves were tanking
Mar 31, 2015, 10:40 AM EDT
Interaction ended with a handshake, but it seemed evident Saunders remained displeased.
Mar 31, 2015, 10:00 AM EDT
Hornets were fighting for a playoff spot, but their big free agent acquisition sat on the bench.
Mar 31, 2015, 9:20 AM EDT
Team has nothing left to play for, and Cousins has some nagging injuries.
Mar 31, 2015, 8:40 AM EDT
Great win — except for the fact that it may help cost the Lakers their draft pick this summer.
Mar 31, 2015, 8:00 AM EDT
In a season where Kyle Korver’s three point shooting has at times seemed inhuman this may be his best shooting display.
Mar 31, 2015, 1:38 AM EDT
Also, is Kyle Korver human?
Mar 31, 2015, 12:30 AM EDT
He won’t replace Wesley Matthews, but he’s another body.
Mar 30, 2015, 11:45 PM EDT
A much-needed win for the Raptors.
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- Thunder say Kevin Durant underwent successful bone graft surgery, will return in 4-6 months 4
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- PBT Extra: Taking twitter questions on Clippers, Michael Carter-Williams, more 7
- PBT’s NBA Power Rankings: Cream rising to top as playoffs near 27
- Report: Patrick Beverley out for rest of season, including playoffs 8