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NBA looking to change Luxury Tax
Posted on 2/27/23 at 10:23 am
Posted on 2/27/23 at 10:23 am
Shams update on CBA negotiations which they say are close and hoping to complete in March.
LINK /
There are more issues they are discussing from the article including:
- Load management
- Diamond Sports (Bally's)
- Talks about getting rid of One and Done
- Increasing extension amounts so players will want them.
- Cap smoothing
quote:
Among the most critical issues, the NBA and NBPA are negotiating new luxury-tax tiers and rates to increase the lower tier and make it more viable for teams to spend money into the tax. As salaries continue to increase across the league, increasing the lower tax bracket tier allows the tax tiers to match up with the money being spent
...Currently, for between $0 and $4,999,999 over the cap, the tax rate is $1.50 for every dollar over the cap. For teams between $5,000,000 and $9,999,999 over the cap, the tax rate is $1.75 for every dollar over the cap. The NBA and NBPA are attempting to identify where the tax bracket tiers should be set — while maintaining the punitive state of the upper tax levels.
??Since everything about these dividing lines is completely up for negotiation in a new CBA, the two sides can redo them to make a small dip into the tax more manageable and then step up the charges for those franchises willing to dive head first into the tax. Increasing each of the thresholds that make up the luxury tax (often called “bands”) that lead to steeper tax payments also makes sense with a league that has much higher revenues and thus a much higher salary cap than they did in previous agreements.
LINK /
There are more issues they are discussing from the article including:
- Load management
- Diamond Sports (Bally's)
- Talks about getting rid of One and Done
- Increasing extension amounts so players will want them.
- Cap smoothing
5
Posted on 2/27/23 at 10:27 am to TigerinATL
The extra cost of dipping a little into the luxury tax isn't really what scares small market owners away. Its losing out on receiving the huge payments non-tax teams get from tax-paying teams.
Posted on 2/27/23 at 10:28 am to TigerinATL
That would be good for us.
Make bracket 1 much less prohibitive and the highest bracket EXTREMELY prohibitive.
Also maybe no repeater penalty for bracket 1?
Make bracket 1 much less prohibitive and the highest bracket EXTREMELY prohibitive.
Also maybe no repeater penalty for bracket 1?
Posted on 2/27/23 at 10:50 am to TigerinATL
quote:
Talks about getting rid of One and Done
Go straight to the league or stay for a minimum of two years
Posted on 2/27/23 at 11:23 am to TigerinATL
quote:Dame and Jerami Grant didn't play the 1st game back after the All Star break for REST
- Load management
Posted on 2/27/23 at 11:25 am to TigerinATL
teams like the Golden State, the two LA and NY teams, they don't care about the tax costs. It makes no difference to them if they have to pay $10M or $30M.
If they make the lower tier less of a penalty then those teams are going to live in them and it will make it easier for them to build winning teams. This seems like something that is going to help the small market team, but i think it just helps the big market teams more than anything. This just sounds like a way for the big market teams to not be penalized as much.
They can keep the system the way it is but allow teams that have drafted a player and signed them to a max extension for it to not fully count against the cap. This is how it would be beneficial to most small market teams. Zion, Giannis, Jokic/Murray/MPJ, Morant, Garland/Mobley, Fox, Lillard. And it would benefit teams like Philly/Phx/Miami/Boston as well for drafting good players.
You look at the two NY and LA teams and all of their good players are FA's. Let them pay the tax. They don't care about that. Keep it a punishment though that still helps the small market teams. This would help keep big name players on their small market teams, and really do nothing to change how the big market teams operate b/c they don't care about the tax anyway. Don't bail them out. Teams like the Lakers, Clippers and before they traded everyone Brooklyn deserve all the penalties thrown at them for buying their team. A team like Golden State should not be penalized for drafting 3 hall of famers and keeping them for 10+ years. Same with Boston and Philly.
If they make the lower tier less of a penalty then those teams are going to live in them and it will make it easier for them to build winning teams. This seems like something that is going to help the small market team, but i think it just helps the big market teams more than anything. This just sounds like a way for the big market teams to not be penalized as much.
They can keep the system the way it is but allow teams that have drafted a player and signed them to a max extension for it to not fully count against the cap. This is how it would be beneficial to most small market teams. Zion, Giannis, Jokic/Murray/MPJ, Morant, Garland/Mobley, Fox, Lillard. And it would benefit teams like Philly/Phx/Miami/Boston as well for drafting good players.
You look at the two NY and LA teams and all of their good players are FA's. Let them pay the tax. They don't care about that. Keep it a punishment though that still helps the small market teams. This would help keep big name players on their small market teams, and really do nothing to change how the big market teams operate b/c they don't care about the tax anyway. Don't bail them out. Teams like the Lakers, Clippers and before they traded everyone Brooklyn deserve all the penalties thrown at them for buying their team. A team like Golden State should not be penalized for drafting 3 hall of famers and keeping them for 10+ years. Same with Boston and Philly.
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