The Phoenix Suns do not save $6.3 million in player salary this season. This season is two thirds over, so the savings are really only about $2.1 million. However the Phoenix Suns apparently included $3 million going to Utah in the trade, so they lost $900,000 before you consider the luxury tax. Let's say for simplicity sake that the Phoenix Suns saved $4 million in luxury tax penalties. After you consider the $900,000 they lost in the deal that savings is down to $3.1 million.
So with the Phoenix Suns are in fact going to save $12-13 million with this latest trade the luxury tax distribution must be $9-10 million. I have some time, so I looked up each team's salary. If the luxury tax limit is actually $55 million the following teams will be paying.
New Jersey Nets 7.75
New York Knicks 39.1
Philadelphia 2.25
Atlanta 7.25
Indiana 2.5
Toronto 6.4
Dallas 23.6
Memphis 2.4
Minnesota 17.5
LA Lakers 9.0
Portland 31.8
Sacramento 10.3
159.85
That's almost $160 million to be distributed amongst the remaining 17 teams. I'm assuming Charlotte is not eligible for the luxury tax distribution. That's $9.4 million for each team. Together with the $3.1 million the Phoenix Suns saved by not paying the luxury tax that's $12.5 million. I guess that's how it works.
Of course that's assuming that the luxury tax actually happens this season.
Joe Mama
So with the Phoenix Suns are in fact going to save $12-13 million with this latest trade the luxury tax distribution must be $9-10 million. I have some time, so I looked up each team's salary. If the luxury tax limit is actually $55 million the following teams will be paying.
New Jersey Nets 7.75
New York Knicks 39.1
Philadelphia 2.25
Atlanta 7.25
Indiana 2.5
Toronto 6.4
Dallas 23.6
Memphis 2.4
Minnesota 17.5
LA Lakers 9.0
Portland 31.8
Sacramento 10.3
159.85
That's almost $160 million to be distributed amongst the remaining 17 teams. I'm assuming Charlotte is not eligible for the luxury tax distribution. That's $9.4 million for each team. Together with the $3.1 million the Phoenix Suns saved by not paying the luxury tax that's $12.5 million. I guess that's how it works.
Of course that's assuming that the luxury tax actually happens this season.
Joe Mama