billy
 Miami Heat
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Post by billy on May 13, 2019 11:14:20 GMT -5
dynasty720.proboards.com/thread/12/salary-cap-hard-luxury-taxSalary Cap 2018/19: $101,869,000 Luxury Tax 2018/19: 125% of Salary Cap $127,336,250 Teams over the Luxury Tax: Nino BrownCleveland Cavaliers $143,545,322 Penny HardawayGolden State Warriors $149,714,606 @xavier0717 Minnesota Timberwolve $151,653,342 Allan HoustonNew York Knicks $142,744,728 Scott PilgrimPhiladelphia 76ers $127,690,757 Justin TimberlakePhoenix Suns $137,036,780 You were over the Luxury Tax at the end of the regular season. You will now be penalized the following amounts: 10% of the salary cap for being over the Luxury Tax for 1 season $10,186,900 toward next year's salary total. It should be reflected on the roster page now. Feel free to use this thread to whine/report any errors.
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Jackie Kong
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Post by Jackie Kong on May 13, 2019 11:17:36 GMT -5
So, how does that affect hard cap for those teams?
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billy
Miami Heat
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Post by billy on May 13, 2019 11:18:17 GMT -5
So, how does that affect hard cap for those teams? Penalty is toward next year's cap total. |
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Jackie Kong
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Post by Jackie Kong on May 13, 2019 11:25:25 GMT -5
Yeah but I mean what is their hard cap next season? Salary cap * (150% - 10%) or Salary cap * (90%) * (150%)
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Post by Deleted on May 13, 2019 11:38:24 GMT -5
Red or White W(h)ine lol
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billy
Miami Heat
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Post by billy on May 13, 2019 12:10:26 GMT -5
Yeah but I mean what is their hard cap next season? Salary cap * (150% - 10%) or Salary cap * (90%) * (150%) Neither of those, their hard cap is the same as everyone else’s. |
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Nino Brown
 Cleveland Cavaliers
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Post by Nino Brown on May 13, 2019 12:29:16 GMT -5
Sheesh
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Post by Deleted on May 13, 2019 12:58:29 GMT -5
Can we trade it away like a dead expiring contract? Lol
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Jackie Kong
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Post by Jackie Kong on May 13, 2019 13:39:20 GMT -5
So then, what happens to these disgusting tax payers? Lololol. I vote they pay the price with Billy Bucks!
Being over the luxury means more than anything that they are getting a reduced mle right? I always get confused with what the luxury tax actually does.
I was mostly asking about hard cap because of that example in the 1st post saying that being over the luxury could put you over the hard cap eventually, hahaha.
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Theodore Duncan
 Portland Trail Blazers
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Post by Theodore Duncan on May 13, 2019 13:45:47 GMT -5
So then, what happens to these disgusting tax payers? Lololol. I vote they pay the price with Billy Bucks! Being over the luxury means more than anything that they are getting a reduced mle right? I always get confused with what the luxury tax actually does. I was mostly asking about hard cap because of that example in the 1st post saying that being over the luxury could put you over the hard cap eventually, hahaha. Basically it's just less space to sign FAs, specially if you are closer to 150% hard cap line than the 125% line.
And what happens with the hard cap is pretty clear in the rules.
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Nino Brown
Cleveland Cavaliers
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Post by Nino Brown on May 13, 2019 13:46:03 GMT -5
So then, what happens to these disgusting tax payers? Lololol. I vote they pay the price with Billy Bucks! Being over the luxury means more than anything that they are getting a reduced mle right? I always get confused with what the luxury tax actually does. I was mostly asking about hard cap because of that example in the 1st post saying that being over the luxury could put you over the hard cap eventually, hahaha. Well for starters it means we’re working with less salary cap during the offseason and next year. That’s more than enough penalty, you’re making this complicated when it’s pretty set and clear brotha 😅. |
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billy
Miami Heat
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Post by billy on May 13, 2019 14:01:37 GMT -5
So then, what happens to these disgusting tax payers? Lololol. I vote they pay the price with Billy Bucks! Being over the luxury means more than anything that they are getting a reduced mle right? I always get confused with what the luxury tax actually does. I was mostly asking about hard cap because of that example in the 1st post saying that being over the luxury could put you over the hard cap eventually, hahaha. They have 10 million dead penalty on their books for next year... and if they are STILL over next season they will have approximately 20M hit on their books for 2021 etc |
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Jackie Kong
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Post by Jackie Kong on May 13, 2019 14:05:45 GMT -5
Oh, ok. I get it now. Hard cap stays the same but now they are 10% of the salary cap closer to the hard cap now. There shall be blood! Edit: I am just repeating the word 'now' several times to put them nervous, lol.  |
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Post by Brian Scalabrine on May 13, 2019 17:28:42 GMT -5
So then, what happens to these disgusting tax payers? Lololol. I vote they pay the price with Billy Bucks! Being over the luxury means more than anything that they are getting a reduced mle right? I always get confused with what the luxury tax actually does. I was mostly asking about hard cap because of that example in the 1st post saying that being over the luxury could put you over the hard cap eventually, hahaha. They have 10 million dead penalty on their books for next year... and if they are STILL over next season they will have approximately 20M hit on their books for 2021 etc So to clarify... Since that 10 mil is a cap hit--it doesn't decrease their hard cap, but it DOES move them 10 mil closer TO the hard cap, correct? |
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billy
Miami Heat
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Post by billy on May 13, 2019 18:00:19 GMT -5
Just look at the roster page for anyone listed in the OP and you will see.
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Scott Pilgrim
 Philadelphia 76ers
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Post by Scott Pilgrim on May 13, 2019 22:02:32 GMT -5
ffs lol $354,507 difference between a $0 cap hit and a $10,186,900 one XD
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Post by Brian Scalabrine on May 13, 2019 22:22:49 GMT -5
ffs lol $354,507 difference between a $0 cap hit and a $10,186,900 one XD It's that Jalen Brunson money |
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Jackie Kong
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Post by Jackie Kong on May 13, 2019 22:23:53 GMT -5
ffs lol $354,507 difference between a $0 cap hit and a $10,186,900 one XD It's that Jalen Brunson money new Brian meme on Brunson incoming |
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Scott Pilgrim
Philadelphia 76ers
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Post by Scott Pilgrim on May 13, 2019 22:35:21 GMT -5
It's that Jalen Brunson money How much does that convert to Billy bucks or Commissioner bucks? The same as a unicorn to leprechauns? |
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Allan Houston
 New York Knicks
Deputy Commissioner
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Post by Allan Houston on May 17, 2019 17:00:31 GMT -5
Is the tax cap hold tradeable?
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Steve Jobs
 Oklahoma City Thunder
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Post by Steve Jobs on May 17, 2019 17:03:12 GMT -5
Is the tax cap hold tradeable? How could it be? It’s a penalty, not dead salary. |
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billy
Miami Heat
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Post by billy on May 17, 2019 19:36:15 GMT -5
Is the tax cap hold tradeable? No |
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billy
Miami Heat
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Post by billy on May 17, 2019 19:37:02 GMT -5
Is the tax cap hold tradeable? How could it be? It’s a penalty, not dead salary. At face value, it was a really dumb question But, frankly, being able to trade dead money contracts is also really dumb |
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Steve Jobs
Oklahoma City Thunder
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Post by Steve Jobs on May 17, 2019 19:55:55 GMT -5
How could it be? It’s a penalty, not dead salary. At face value, it was a really dumb question But, frankly, being able to trade dead money contracts is also really dumb meh... that’s a fair point. I mean, if you’re willing to move assets to get rid of 10M, there is almost definitely a far more worthwhile salary that you could move with said assets. I think some far more relevant questions are 1) whether the penalty contributes to luxury tax calculations as well as hard cap calculations, and 2) whether or not the penalty impacts your space under the cap... like, if you are over the luxury tax but three sizable contracts are expiring and you renounce them all to, in theory, have max cap space... does the $10M cut into that open space, or does it just kick in later with regards to luxury tax / hard cap calculations? |
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billy
Miami Heat
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Post by billy on May 17, 2019 22:00:32 GMT -5
At face value, it was a really dumb question But, frankly, being able to trade dead money contracts is also really dumb meh... that’s a fair point. I mean, if you’re willing to move assets to get rid of 10M, there is almost definitely a far more worthwhile salary that you could move with said assets. I think some far more relevant questions are 1) whether the penalty contributes to luxury tax calculations as well as hard cap calculations, and 2) whether or not the penalty impacts your space under the cap... like, if you are over the luxury tax but three sizable contracts are expiring and you renounce them all to, in theory, have max cap space... does the $10M cut into that open space, or does it just kick in later with regards to luxury tax / hard cap calculations? Yes to all of those. It's a 10M cap penalty on your books. It's as if you signed a guy for 10m and he's just stuck there. It counts toward future luxury cap counts and hard cap counts. |
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Jackie Kong
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Post by Jackie Kong on May 20, 2019 21:11:32 GMT -5
About can we vote on it being 10% of cap * #numbersYears or just 10% of cap? Personally feel like 10% penalty is enough of a punishment as it. Might be alone on this though.  |
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Scott Pilgrim
Philadelphia 76ers
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Post by Scott Pilgrim on May 20, 2019 22:07:11 GMT -5
About can we vote on it being 10% of cap * #numbersYears or just 10% of cap? Personally feel like 10% penalty is enough of a punishment as it. Might be alone on this though. Wouldn't by the the end of the third year they would be forced to go under the luxury tax anyway? Maybe introduce a billy bucks tax alongside the penalty. |
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Jackie Kong
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Post by Jackie Kong on May 20, 2019 22:46:08 GMT -5
Maybe introduce a billy bucks tax alongside the penalty. Yes. I like that. |
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Allan Houston
New York Knicks
Deputy Commissioner
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Post by Allan Houston on May 20, 2019 23:08:52 GMT -5
I'm not sure how well a billy bucks tax would work. Mostly bc I haven't bothered to figure out how billy bucks work, since it seems tangential to what I want from a league like this. But given that, is the tax on the billy bucks I have (none, I think), or the billy bucks I could in theory collect (presumably a ton). I guess it could be like capital gains tax, but that gives opportunities for manipulation (like irl capital gains tax).
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Jackie Kong
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Post by Jackie Kong on May 20, 2019 23:12:10 GMT -5
I'm not sure how well a billy bucks tax would work. Mostly bc I haven't bothered to figure out how billy bucks work, since it seems tangential to what I want from a league like this. But given that, is the tax on the billy bucks I have (none, I think), or the billy bucks I could in theory collect (presumably a ton). I guess it could be like capital gains tax, but that gives opportunities for manipulation (like irl capital gains tax). I mean. I like it as an alternative to having an increasing penalty. Not much into the idea of forcing teams to go under the luxury after 2 seasons. Like there are teams in real life that pay the tax every year. |
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Toronto Raptors
