buttsR4rebounding
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The Spurs are right atthe luxury tax line with 13 players currently under contract. Hoopshype lists them at $65 million before adding Oberto who has a 3 year $10.5 million deal. http://www.hoopshype.com/salaries/san_antonio.htm
Considering how much they paid to get below the threshhold, I'd say it is extremely unlikely the Spurs would pay above the vet minimum for PJ.
Hoopshype overstates the hit to the luxury tax, however. First, the Spurs have reached an agreement w/ Spanolis releasing him from his contract w/ no hit to the tax (1,944,000) and 2nd since Vaughn was signed to the vet minimum only about $700,000 counts toward the lux tax, so that puts them at about $63,000,000 before Oberto contract which reportedly starts at $3,100,000 next year, so they have about $1,600,000 before hitting the tax threshold and that is assuming they don't move Urich or Barry. However, the Spurs regularly do go over the luxury tax limit when it makes sense. They have paid the luxury tax 3 out of the past 4 years.