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View Full Version : Seven Teams to Pay the Luxury Tax



JordansBulls
07-08-2009, 10:12 AM
Source: Yahoosports (http://sports.yahoo.com/nba/news;_ylt=AiyDmH_yZMx6YMUWBcTxM3u8vLYF?slug=aw-salarycap070709&prov=yhoo&type=lgns)




In the private memo to teams, the NBA reported what the seven franchises paying luxury tax had to give up to the rest of the league. The list included: The New York Knicks ($23.7 million), Dallas Mavericks ($23.6 million), Cleveland Cavaliers ($13.7 million), Boston Celtics ($8.29 million), Los Angeles Lakers ($7.1 million), Portland Trail Blazers ($5.8 million) and Phoenix Suns ($4.9 million).

The 2008-09 salary cap figure was $58.68 million, and the luxury tax level was $71.15 million. The salary cap and tax figures are reached through a formula based on league earnings.

Teams must pay an additional dollar for every dollar they are over the tax. The new figures go into effect Wednesday at 12:01 a.m. ET, when the moratorium on free-agent signings end.




This is before any other signings that either of these teams make today and thereafter.

asandhu23
07-08-2009, 10:14 AM
sweet. warriors don't get it =) suck for Knickerbockers though

WoodbridgeSkins
07-08-2009, 10:18 AM
Damn, Knick's fans just can't get a break.

asandhu23
07-08-2009, 10:33 AM
Damn, Knick's fans just can't get a break.

Wait that pretty much guarantees James is not going to NYK

Thatruth32
07-08-2009, 10:36 AM
sweet. warriors don't get it =) suck for Knickerbockers though

of course warriors wont get it our owner is cheap at wont go overthe cap

Hustla23
07-08-2009, 10:39 AM
Damn, Knick's fans just can't get a break.

lol Why would we care if the owner is paying extra money? I don't think he cares either.

IBleedPurple
07-08-2009, 10:46 AM
lol Why would we care if the owner is paying extra money? I don't think he cares either.

If you compare how much is being paid vs the performance on the court, I think there is reason to be upset

CELTICS4LYFE
07-08-2009, 10:54 AM
lol Why would we care if the owner is paying extra money? I don't think he cares either.

because the knicks still suck....

asandhu23
07-08-2009, 10:59 AM
because the knicks still suck....

and you are probably one of these guys http://i.a.cnn.net/si/2007/images/02/14/tx_celtics.jpg

respect us true fans

CELTICS4LYFE
07-08-2009, 11:04 AM
and you are probably one of these guys http://i.a.cnn.net/si/2007/images/02/14/tx_celtics.jpg

respect us true fans

umm no not really i was still watching everygame when we sucked, it jus sucks for u guys that u have ta pay that much in lt n not have one of the best teams

asandhu23
07-08-2009, 11:06 AM
umm no not really i was still watching everygame when we sucked, it jus sucks for u guys that u have ta pay that much in lt n not have one of the best teams

warriors fan my friend. our owner sucks. we dont have to pay that tax because he is cheap as hell.

JDizzle
07-08-2009, 11:09 AM
how are the hornets not paying this? when they have the leagues highest pay roll

CELTICS4LYFE
07-08-2009, 11:10 AM
warriors fan my friend. our owner sucks. we dont have to pay that tax because he is cheap as hell.

oh so u just wanted ta try n take a shot at me?? lol well it suck for knick fans, say 15 m more than the last 2 champs....id b pissed

Reddd
07-08-2009, 11:12 AM
The Knicks have to pay the most, ironically the Knicks don't have a player in the top 30 of NBA player salaries

asandhu23
07-08-2009, 11:21 AM
oh so u just wanted ta try n take a shot at me?? lol well it suck for knick fans, say 15 m more than the last 2 champs....id b pissed

i was just trying to defend knicks fans. they don't garbage thrown at them from bandwagoners boston ( any sport except hockey ) fans

Weezy
07-08-2009, 11:26 AM
Well, what else is new... :sigh:

lakers4sho
07-08-2009, 11:30 AM
With Lamar Odom signing expect the 7m to get even bigger.

LA_Raiders
07-08-2009, 11:41 AM
how are the hornets not paying this? when they have the leagues highest pay roll

They got a break because of Katrina

Raph12
07-08-2009, 12:10 PM
Wait that pretty much guarantees James is not going to NYK

James is a FA next year and by then Knicks have many expiring contracts, which will put them well below the tax, therefore signing Lebron is still a possibility.

CELTICS4LYFE
07-08-2009, 12:13 PM
i was just trying to defend knicks fans. they don't garbage thrown at them from bandwagoners boston ( any sport except hockey ) fans

im no bandwagon fan n i dont think u can say that all boston teams r either look at redsox 86 yrs wit no rings n still sold out games

BkOriginalOne
07-08-2009, 12:15 PM
Knicks are paying now for the chance at 2010.
They'll land somebody, believe it. (Especially if they can make the playoffs next season and make some noise)
Don't feel bad, Walsh has the money to spend.

asandhu23
07-08-2009, 12:15 PM
im no bandwagon fan n i dont think u can say that all boston teams r either look at redsox 86 yrs wit no rings n still sold out games

there are some true fans there. others are just bandwagoners. tell me you haven't faced these bandwagoners?

CELTICS4LYFE
07-08-2009, 12:24 PM
yes i know what ur talking about but everyone always says that boston fans r bandwagon fans cuz of that bags on the head n chanting mvp for kobe(n laker fans say we have no respect) it was jus more that we made it to the ecf then danny comes along n blows the team up, fans were jus frustrated mare than anything but it ended up working out in the end

heyman321
07-08-2009, 12:51 PM
Doesn't matter, New York franchises probably make a shitload of money anyways, so the owner probably would not care.

JWO35
07-08-2009, 12:58 PM
New Orleans Hornets got to be on the list....

tland22
07-08-2009, 01:47 PM
like the guy said above, they got a break because of Hurricane Katrina...which is obviously fair enough

Trouble87
07-08-2009, 02:31 PM
oh so u just wanted ta try n take a shot at me?? lol well it suck for knick fans, say 15 m more than the last 2 champs....id b pissed

you are the most bitter knick hater ive seen on PSD...

make comments about that retirement home you call a franchise before you bring up other teams

HOZ THE KNICK
07-08-2009, 02:56 PM
not surprising the knicks loves paying luxury taxes, but to bad they have to pay it because of scrubs.

JDizzle
07-08-2009, 03:35 PM
man hornets get a huge break... that is very fair tho katrina did mess them and there whole area up.

Vinny642
07-08-2009, 05:43 PM
o thank god we dont got to pay the luxury tax