07-16-2012, 01:50 PM
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#9
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Post Whore!
Join Date: Sep 2008
Location: It's dark, and hell is hot!
Posts: 9,414
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Winderman: Lin’s offer sheet not problem, Knicks entire payroll is
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This is where many get the NBA luxury tax wrong: The third year on the offer sheet extended by the Rockets to Jeremy Lin will not cost the Knicks $43 million when factoring in the luxury tax, as some have extrapolated.
It will cost the Knicks the $15 million on the third year of that contract.
The excess payroll will cost the Knicks $43 million.
And that is a point executives familiar with such situations are quick to point out: Just because a player is the last, or latest, contract added to a team’s salary pool, it doesn’t make it the one that puts the team into — in this case, excessively into — the luxury tax.
It is the sum of the entire payroll.
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Quote:
In 2014-15, the season of excess in the Rockets’ offer sheet to Lin, Anthony and Stoudemire each will be earning $23 million, with Chandler earning $15 million.
That is why the tax is an issue.
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http://probasketballtalk.nbcsports.c...re-payroll-is/
Last edited by tricky_ab; 07-16-2012 at 02:23 PM..
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