Originally posted by thegrahamcrackr
Wrong.
Before the Googs trade our salary was
58,826,588
I got that by taking out current salary of $52,525,124, subtracting out Keon Clark and Googlybear, which gave us 47,158,193. Then added in Googs $11,668,395.
That was in luxary tax land by 4 million.
So we save 6,301,464 in player salaries. Then we save the additional 4 million dollars in luxary tax money. That puts us in at around 10.3 million in savings THIS season so far. Then I will assume that the tax payment will be around 1.7-2.7 million (I dont know how ot figure it out).
Oh look, 12-13 million in savings for the season, from the Googs trade alone.
The Marbury/Penny trade actually saved them LESS money this year. They went from 64 million to 58.4 million, so only around 6 million in savings for the year since they were still over the tax.
The reason why the Googs trade saves us so much money, is because we dealt with a team under the cap. They were able to absorb Googs contract, allowing our numbers to be about 6 million apart.
Are you under the impression that teams pay one big check to the players at the end of the season? The Suns have paid the majority of Googs salary already. Here's how it breaks down:
At this point, the Suns have paid Googs approximately 8 million in salary. (Remember, theres only 26 games left) They save the remaining 3.6 million. Clarks remaining salary is about 1.6 million. So the net salary savings is about 2 million.
They were over the luxury tax before the trade by about 4 million, as you said. So between the salary savings and the luxury tax, they save about 6 million. BUT, they gave Utah 3 million in cash, so now it's down to 3 million.
3 million, plus whatever they get in the tax payment, is what they gained from this. 3 MILLION. That's it.
For two first round picks, I think that's horrible.
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