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Anonymous users2024-02-15The name suggests, if your consumption is extravagant, you will be charged a luxury tax. So, what about the luxury alignment? The salary cap is soft, not hard, and there must be a boundary to jump higher.
The NBA states that 48 percent of the league's gross receipts are the "salary cap," and 55 percent of gross revenues are the luxury tax threshold.
For example, the "salary cap" for the 1999 and 2000 seasons was $35.5 million, and the luxury tax was $40.67 million. If a team ignores its existence and crosses it, then the team suffers severe punishment. The first penalty is that the money in escrow is not returned to the athletes, and the second penalty is that the team has to pay a dollar in luxury tax for every dollar spent above $55.
If the team exceeds $10 million, then there is also a $10 million tax to pay. These two penalties are parallel, and the potential punishment is that the player's 10 money is confiscated and the mother is naturally scolded, which affects the unity and stability of the team's hearts.
Extravagant Rui is very stern and very powerful. But there are also teams like the Trail Blazers, their owners are very rich and willing to spend a lot of money, so they have been repeatedly fined the luxury tax, but the owners of the Trail Blazers don't seem to care, which also brings another problem to the Trail Blazers, that is, the Trail Blazers pay players too high salaries, causing them to often let other teams exchange players with similar salaries when trading players, which is probably the reason why the Trail Blazers' record has not improved.
The concept of a pay cap was introduced in 1984, and the first negotiations between the NBA league and the players' union were made, and the pay cap was only officially announced if both parties agreed. The NBA's salary cap increases every year, from $26.9 million in 1997-98 to $43.84 million last season and $43.87 million today. So what is a pay cap?
The exact amount of the salary cap is closely related to the total income of the NBA in the previous year. Specifically, this salary cap is based on the total income of the NBA in the previous year, and then take 48 of this total income as the capital of the NBA team to spend money, and then take the income after 48 and divide it by 30 (the total number of NBA teams last season), and the average is the salary cap for the current year, and the total salary spent by each team on players must not exceed this number.
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Anonymous users2024-02-14Luxury Tax: That's the core of the 55 above. The salary cap is soft, and if a team owner shells out more than 55% of the league's gross revenue, he will have to pay the luxury tax.
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Anonymous users2024-02-13Salary Cap: The salary cap is a league-set salary requirement for a team that amounts to 48 percent of basketball-related earnings from the previous season. When a team's salary is lower than the salary cap, they will have the salary space to sign new players until the salary cap is filled, and when a team's salary is higher than the salary cap, they will not be able to directly use the salary cap space to sign new players, only to use special terms, such as the Bird clause and the middle class exception, etc., to sign new players, that is, the signing of players is subject to certain restrictions.
Luxury Tax: The luxury tax is 55% of the previous season's basketball-related revenue, and when a team's total salary exceeds the luxury tax, they will pay 100% of the excess salary, which means that for each additional dollar, another dollar will be handed over to the league, and this part of the tax will be divided equally among the teams that are below the luxury tax.
It's okay to be above the pay cap and below the luxury tax.
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Anonymous users2024-02-12The salary cap is a line of spending for the team.
Set in order to prevent the team from engaging in an arms race.
In fact, to put it bluntly, I am afraid that the rich will bully the poor.
Taxes are paid after the salary cap is exceeded.
If you have more than one piece, you have to hand in another piece.
If you exceed 10 million, you have to pay another 10 million.
In this way, the boss will feel sorry for the money.
The team is more balanced.
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