IWB
07-10-2014, 10:17 AM
ESPN has an article out about the Nets paying a record $90.57 million into the luxury tax pool. Looking at the numbers, I have to ask, where does the money go?
http://espn.go.com/nba/story/_/id/11196384/brooklyn-nets-pay-record-luxury-tax-salary-cap-set
There were 5 teams that got hit with the luxury tax.
Nets - $90.57 million
Knicks - $36.3 million
Heat - $14.4 million
Lakers - $8.9 million
Clippers - $1.3 million
Total - $151.47 million
The article says the money is split between the teams, and each team that does not pay luxury tax will get $3 million.
Hmmm.....
There are 30 teams in the NBA. 25 who get the $3 million.
Yep, that is only $75 million, so where does the remaining $76,470,000 go? That is a lot of coin for the NBA coffers.
http://espn.go.com/nba/story/_/id/11196384/brooklyn-nets-pay-record-luxury-tax-salary-cap-set
There were 5 teams that got hit with the luxury tax.
Nets - $90.57 million
Knicks - $36.3 million
Heat - $14.4 million
Lakers - $8.9 million
Clippers - $1.3 million
Total - $151.47 million
The article says the money is split between the teams, and each team that does not pay luxury tax will get $3 million.
Hmmm.....
There are 30 teams in the NBA. 25 who get the $3 million.
Yep, that is only $75 million, so where does the remaining $76,470,000 go? That is a lot of coin for the NBA coffers.