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.
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.
Apr 20, 2014, 9:30 AM EDT
Where you going, Evan?
Apr 20, 2014, 8:00 AM EDT
“That’s what I do!”
Apr 20, 2014, 12:44 AM EDT
OKC led by as many as 25 points in the first half.
Apr 19, 2014, 11:30 PM EDT
Roy Hibbert wasn’t good in Game 1 against the Hawks, and this play epitomized his performance.
Apr 19, 2014, 10:01 PM EDT
The eight-seed Hawks blowout the Pacers in Game 1.
Apr 19, 2014, 8:45 PM EDT
Blake Griffin totally did this on purpose.
Apr 19, 2014, 7:12 PM EDT
Warriors steal Game 1 in Los Angeles.
Apr 19, 2014, 5:30 PM EDT
It looked good as soon as it left his hands.
Apr 19, 2014, 4:06 PM EDT
Playoff games are played in the halfcourt and the Nets owned that in Game 1.
Apr 19, 2014, 2:39 PM EDT
A rare and raw show of emotion from a team’s GM was caught on camera.
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Apr 19, 2014, 2:00 PM EDT
Dirk Nowizki is brutally honest.
- Bulls have no answer for Nene as Wizards take Game 1 0
- Charlotte is scrappy but Heat have too much in comfortable 99-88 win 9
- Spurs use huge 4th quarter run to come back and win Game 1 vs. Mavericks 8
- NBA issues statement saying Chris Paul was fouled before late-game turnover against Warriors 17
- Jim Buss says he’ll step down if Lakers aren’t contenders again in ‘three to four years’ 41