Peddie Discusses Going Over The Luxury Tax Line
Old 11-17-2008, 05:26 PM   #1 (permalink)
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Default Peddie Discusses Going Over The Luxury Tax Line

Caught this from "double c" at the RealGM but apparently Peddie's leaving the door open for BC to go over the tax line if he needs too come trade deadline time.

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Originally Posted by double c
Was listening on the Fan590 and Richard Peddie said that although the plan is to be a tax team, Colangelo has a door open to propose a deadline move that would put us over the tax line.

Not saying anything would happen, but Peddie also outlined the concerns with going over the tax line because of the league handouts and whatnot. At least we have something to go with now in regards to whether or not we would move over that tax line. Now we just have to win and get within striking distance of home court in the playoffs.
Here's the FAN590 audio link: Click here
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Old 11-17-2008, 05:27 PM   #2 (permalink)
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hmmm. maybe gerald wallace before the deadline and go over the cap for the 2010 free agency.
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Old 11-17-2008, 05:29 PM   #3 (permalink)
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Quote:
Originally Posted by you dont know me View Post
hmmm. maybe gerald wallace before the deadline and go over the cap for the 2010 free agency.
i'd hope if we go over, it would be for someone a bit more reliable.
thats just me though.
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Old 11-17-2008, 05:29 PM   #4 (permalink)
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Yes right now the fact that they are actually discussing it makes me happy. Hopefully they go over it and get a good player
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Old 11-17-2008, 05:39 PM   #5 (permalink)
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basically it goes like this:

if we were to get a 1million dollar player, we would have to pay 1 million also to the NBA. so thats 2 million, then beucase we are over the tax treshold, we will have to pay our taxes on 70 million which works out to be around 3 million more. So for a 1 million dollar player we are paying close to 5 million dollars. This is why nothing will happen unless we get someone that will dramatically improve the team. That came right from BC's mouth.
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Old 11-17-2008, 07:34 PM   #6 (permalink)
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That's the only way Raptors could improve, going over cap ... trading any of CB4/Jose/JO/AB won't improve Raptors. In the same time could be a risk that MLSE would not take unless is really worth it.
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Old 11-17-2008, 07:57 PM   #7 (permalink)
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A) I hate Richard Peddie
B) I don't trust Richard Peddie
C) Will See What Happens
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Old 11-17-2008, 08:45 PM   #8 (permalink)
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I'll believe it when i see it.This would be great but i don't see it happening,i'm very skeptical.

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Old 11-17-2008, 08:57 PM   #9 (permalink)
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What I want to know is why Peddie is on the radio telling everyone this?

He needs to go away.
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Old 11-17-2008, 09:16 PM   #10 (permalink)
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I agree
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Old 11-17-2008, 09:42 PM   #11 (permalink)
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it's actually worse, it's a double whammy, because not only you pay double for every million over the tax, you're also not going to get a cut of the handouts, which will probably ~4 million per team according to espn.
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Old 11-17-2008, 09:56 PM   #12 (permalink)
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Originally Posted by moremilk View Post
it's actually worse, it's a double whammy, because not only you pay double for every million over the tax, you're also not going to get a cut of the handouts, which will probably ~4 million per team according to espn.
As I wrote in my blog awhile back SO WHAT. Unless you are MLSE and on the BOARD why does that matter. These are the folks that ALWAYS claim they are in it to win CHAMPIONSHIPS. So go prove it and SPEND THE CASH.

It is not like by staying under the cap they are going to say thanks for understanding fans and we want to show you thanks by lowering ticket prices. THAT IS NOT HAPPENING. So as a fan why the hell should any of us care what it cost MLSE. We shouldn't be concerned with anything beyond WINNING and LOSING on the FLOOR!!!
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Old 11-17-2008, 10:03 PM   #13 (permalink)
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Quote:
Originally Posted by Dino Blogger View Post
As I wrote in my blog awhile back SO WHAT. Unless you are MLSE and on the BOARD why does that matter. These are the folks that ALWAYS claim they are in it to win CHAMPIONSHIPS. So go prove it and SPEND THE CASH.

It is not like by staying under the cap they are going to say thanks for understanding fans and we want to show you thanks by lowering ticket prices. THAT IS NOT HAPPENING. So as a fan why the hell should any of us care what it cost MLSE. We shouldn't be concerned with anything beyond WINNING and LOSING on the FLOOR!!!
NBA is a business ... I could understand a team that is owned by some rich guy, 70 years old and his only think left in life is to win a NBA championship by spending some extra hundred millions, but MLSE is in business to make money for teachers not necessary to make happy Toronto fans.
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Old 11-17-2008, 10:44 PM   #14 (permalink)
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But that is not your concern. I don't give a damm about teachers union. Sorry to any teachers out there. But if you are going to make statements about winning championships and all that you need to back that up business or not. I don't have to care about MLSE and their bottom line only that the team they put on the floor wins or loses games.
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Old 11-17-2008, 11:02 PM   #15 (permalink)
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Quote:
Originally Posted by Dino Blogger View Post
But that is not your concern. I don't give a damm about teachers union. Sorry to any teachers out there. But if you are going to make statements about winning championships and all that you need to back that up business or not. I don't have to care about MLSE and their bottom line only that the team they put on the floor wins or loses games.
I don't understand how can't be my concern if MLSE doesn't want to spend some more to bring to Toronto a Championship or two? You realize that these statements about winning championships without investing money is just marketing bullshit?
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Old 11-18-2008, 01:09 AM   #16 (permalink)
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Market bullshit or not they said it and I feel they should be held to those statements. I get all your this is a business B.S. That is the sad state of sports today that fans have grown to accept the excuses of Sports is a business and it is not about winning as much as it is about turning a profit.

If people take that attitude and do not hold teams accountable what is the point. I mean under your logic why bother watching, why care and why even watch sports at all. Sure am I taking the idealistic route here. Yes. But I still demand accountability from the sports teams I support. It is the least they can do for all that cash.
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Old 11-18-2008, 01:31 AM   #17 (permalink)
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Quote:
Originally Posted by Dino Blogger View Post
If people take that attitude and do not hold teams accountable what is the point. I mean under your logic why bother watching, why care and why even watch sports at all. Sure am I taking the idealistic route here. Yes. But I still demand accountability from the sports teams I support. It is the least they can do for all that cash.
It is very easy and I will explain it to you ... Every line of business has either goods either services. NBA delivers live basketball services, TV broadcasting services and marketing goods (hats, jerseys, balls etc). It is in their interest to make from basketball entertainment, so they can sell more tickets, negotiate bigger TV broadcast contracts, sell more collectibles etc. That's why they have to attract the best athletes possible and keep them competitive throwing shitload of money, average people makes in 3-4 years the amount some of NBA players makes in a game. Some of them, after they cash in, they might play for minimum veteran salary 1.3 millions (even this is not bad) just to get a championship and they do this for a team that has the best shot not because they love that team city.

If Shaq gets 20 millions / year, how much money has those who pays him, ehh?

If a championship run makes more money for MLSE and it requires an investment of extra 30 millions knowing that ROI is much more, they will go for it. Or if they risk to became a bad team and affect the future ROI for years to come (I.E. to make CB4 happy and stay in Toronto). But the current situation is quite good for them: keep the team reasonable, give fan hope for greatness and all this while they are not paying luxury taxes.

And yes, final note: All GM/owners wants to win the championship, unfortunately there is only one per year.

Still, NBA games are fun because of the money is throwing in ... I am not trying to make excuses for MLSE or Peddie, is just the reality, you accept it or not.



P.S.> There is no such thing as free lunch.
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Old 11-18-2008, 02:41 AM   #18 (permalink)
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MLSE made a $70 million profit this year and are worth $1.8 billion, you think they wouldn't mind going over the cap. If you intelligently go over the cap, not the Knicks plan, you get money in return.

- $10 million for winning a championship
- exposure/ free marketing
- increased merchandise sales
- more ticket sales
- more national TV coverage which means you get a bigger piece of the TV cash pie

You have to spend money to make money

Is this the same teachers union than went on strike for 2 weeks every year?
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Old 11-18-2008, 10:28 AM   #19 (permalink)
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Quote:
Originally Posted by TO2988 View Post
MLSE made a $70 million profit this year and are worth $1.8 billion, you think they wouldn't mind going over the cap. If you intelligently go over the cap, not the Knicks plan, you get money in return.


You have to spend money to make money
MLSE is in business of making money, they know exactly what to do to make money ... is not a coincidence they made a $70 million profit and they are worth $1.8 billion. When time comes, if it makes sense from business perspective, they will throw more money. My feeling is that MLSE are reluctant to make risky commitments after they had a bad experience with signing huge extension contracts to many players just to make Vince Carter to sign his own extension ... you see what happen after that, it took Toronto few years just to became a decent team after all this bad contracts are finally off the books.
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Old 11-18-2008, 02:19 PM   #20 (permalink)
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they have a legal obligation to pursue the best interests, technically they could be sued for making decisions with the intent of losing money (but winning a championship). If winning a championship makes you more money, then they have a legal obligation to go for it. This is not a team owned by some billionaire who treats it like a personal toy.
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