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View Full Version : Hornets dont have to pay Luxury tax



Vinny642
07-08-2009, 05:49 PM
http://sports.yahoo.com/nba/news;_ylt=AiyDmH_yZMx6YMUWBcTxM3u8vLYF?slug=aw-salarycap070709&prov=yhoo&type=lgns

Nice, I heard we got a break since what happened from Katrina.

tland22
07-08-2009, 07:07 PM
is that true? Are you sure? it didnt mention the Hornets in the article getting a break. I heard that too but i cant fin it anywheres. I hear this only means that we GET $3million out of this. I wasnt aware we didnt have to pay luxury tax, but again, im totally unsure about this. Thatd be sooooooooooo great if that is the case.!!! We should have signed Bass already by now...or davis...whatever makes everyoine happy and the Hornets better lol

Vinny642
07-08-2009, 07:08 PM
Im 100% sure on that we don't have to pay, but like 25% is because we got a break.

JDizzle
07-08-2009, 09:52 PM
so do we keep tyson chandler now? i mean we dont have to pay luxury tax. wasnt that a big reason why we wanted to trade him

Vinny642
07-08-2009, 09:59 PM
I guess, but for stupid reasons we still might trade him to the Suns for Wallace.

tland22
07-09-2009, 12:53 PM
"New Orleans has financial concerns because they may have to pay more than $7 million in luxury tax penalties after NBA announced the luxury tax threshold for the 2009-10 season is $69.92 million."

straight from New Orleans newspaper...here is the link:

http://www.nola.com/hornets/t-p/index.ssf?/base/sports-4/1247117468324650.xml&coll=1&thispage=2



so i guess we dont have to pay a portion of it or something. Im pretty confused.

Vinny642
07-09-2009, 06:59 PM
Yea lol wtf, this is dumb

tland22
07-10-2009, 03:17 AM
hmmmmmmmmmmm??

Vinny642
07-10-2009, 05:35 PM
espn also said we dont have to pay the luxury tax. so i believe it, and the gm bower said we arent shopping Chandler