Originally Posted by xplode
with the current team we are 2.3M over the tax
since Camby is begging for a buy out...if for example he accept a buy out of 2M this year and the remaining 2M next year (we are under the tax next year anyway)
first - is this legal
second - is this means with LK still in we will not hit the luxury tax as camby will only account for 2M this year.
Nope. Any buyout has to be spread over his remaining years in the same ratio as the remaining guaranteed salary on his contract. So for example, a 4 M buyout like you describe would be about 3.25 M this year and 0.75 M next year. It would have to be a much lower buyout to get any meaningful gain.
The other option is to stretch provision him, which would mean a 5.5 M cap hit spread over 5 years at 1.1 M per year. More palatable than a Fields stretch, that's for sure.