Luxury Tax reimbursements almost $3 mil
Old 07-08-2009, 09:08 PM   #1 (permalink)
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Default Luxury Tax reimbursements almost $3 mil


$3 mil more to sign potential FAs!

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Luxury Tax Disbursements to 23 Teams
You probably know about the NBA's luxury tax. A refresher: Teams pay one dollar to the NBA for every dollar they spend in salary in excess of a certain amount, which we now know was $71.15 million this past season. That means seven teams will pay, and they are, as Stein reports:

New York ($23,736,207), Dallas ($23,611,661), Cleveland ($13,707,010), Boston ($8,294,664), Los Angeles Lakers ($7,185,631), Portland ($5,899,356) and Phoenix ($4,918,136).

The other 23 teams, however, each get 1/30th of that money back, in cash. That means the 23 teams not listed above are each about to get $2,911,756, which is not a bad little shot in the arm.
Source: Exercept from Henry Abbot's TrueHoop blog
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Old 07-08-2009, 09:28 PM   #2 (permalink)
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Doesn't change the cap for this year; that money will go in the pockets of MLSE.
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Old 07-08-2009, 09:41 PM   #3 (permalink)
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Exactly, more promotions for us fans
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Old 07-08-2009, 11:37 PM   #4 (permalink)
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Exactly, more promotions for us fans
Sexy advertisements are SO much better than a quality bench!
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Old 07-08-2009, 11:51 PM   #5 (permalink)
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Couldn't have said it better myself, tyvm
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Old 07-09-2009, 04:46 AM   #6 (permalink)
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useful for buyouts and contract bonuses
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Old 07-09-2009, 04:52 AM   #7 (permalink)
playoffs please dont end

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Makes all the last seasons near-the-lux-tax wiggling with salaries worthwile.
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