What a thought

[elindholm]

Hoopshype.com gives the Suns' team salary for this upcoming season as about $62 million, but that's without Voskuhl, Barbosa, or Williams/Drobnjak/whoever. (Cabarkapa is already listed.) So figure somewhere around $65 million. With the luxury tax threshold at $57 million, that means the Suns are overstepping it by $8 million.

And that means that Gugliotta is single-handedly costing the Suns about $20 million next season: $11.7 million for his salary, plus the entire amount that they're over the tax threshold.

Ouch! Yeah yeah, I know that we're not supposed to ask him to turn down any money -- but he's costing the team twenty million freaking dollars! And since he can technically play, I'll bet that the Suns don't even get insurance to pay any of his salary.

That is really brutal.

 

[Chaplin]

But the luxury tax isn't going to go into effect this season. So in reality, Googs won't cost us anything via luxury tax--just his full salary.

 

[elindholm]

But the luxury tax isn't going to go into effect this season.

Huh? The link ("Salary Cap") has a sidebar that tells which teams will pay how much tax, and that was for the season just completed. Then in the article, it gives the threshold for '02-'03 and the projected one for '03-'04.

Am I missing something? I might be.

 

[Joe Mama]

Originally posted by Chaplin
But the luxury tax isn't going to go into effect this season. So in reality, Googs won't cost us anything via luxury tax--just his full salary.

Is that true? I thought the luxury tax wasn't figured until after the season. If so, we wouldn't know about make season's luxury tax until next summer.

Joe Mama

 

[Chaplin]

Originally posted by Joe Mama
Is that true? I thought the luxury tax wasn't figured until after the season. If so, we wouldn't know about make season's luxury tax until next summer.

Joe Mama

I don't know. If it is, then I'm wrong. But if it isn't, and this year's luxury tax number isn't applied, then we're in better shape. It appears I know just as much as you do.

 

[se7en]

If there is indeed a luxury tax this season than the Suns lose more than the 20 mil. They also don't receive any moeny back from teams having to pay the Penalty. Imagine that. Guys like Donald Sterling get to sit back and collect more money for not putting a winning team on the floor. Sad.