Can someone explain to me why I should be excited that Celtics ownership won't have to pay a hefty luxury tax? Are there additional penalties like losing some of our free agent exceptions or something for going over the threshold?
Well, there is a repeaters tax, which is significant enough that you should worry about it. These guys don't have bottomless pockets.
But, there is also a hard cap the C's are stuck under this year, because they made a sign and trade, so, shaving this salary from the books, does give the C's greater flexibility under that hard cap line, in case other opportunities present themselves.
I'm sorry, but I can't bring myself to care whether or not ownership pay a repeater tax. I'd rather have Chris Wilcox than just see them save money.
As to the hard cap thing, I just don't understand it. I try to read Larry Coon every once in a while for as long as I can without my eyes going blurry (about 45 seconds at a time is usually my limit), but all the salary cap stuff always goes way over my limited brain capabilities.
Here's a question, for example:
If there really is a hard cap of about $71 million, how do the Brooklyn Nets get away with having a payroll of over $100 million?
I know Mickael Prokorov is richer than anyone else in the world, but, still, isn't a hard cap a
hard cap?
I don't get all this "we need to get under it" stuff. To me, this means the hard cap doesn't actually exist?