Boston paid 1.181 million in luxury tax last year

[Moranis]

http://espn.go.com/nba/story/_/id/9465225/los-angeles-lakers-hit-luxury-tax-almost-30-million

Team    Tax Payment
Lakers    $29,259,739
Heat    $13,346,242
Nets    $12,883,647
Knicks    $9,962,406
Bulls    $3,932,336
Celtics    $1,181,640

I guess it could be worse, we could have had the Lakers or Nets tax bill for the first round exit.

[Q_FBE]

http://espn.go.com/nba/story/_/id/9465225/los-angeles-lakers-hit-luxury-tax-almost-30-million

Team    Tax Payment
Lakers    $29,259,739
Heat    $13,346,242
Nets    $12,883,647
Knicks    $9,962,406
Bulls    $3,932,336
Celtics    $1,181,640

I guess it could be worse, we could have had the Lakers or Nets tax bill for the first round exit.

Could someone clarify the repeater tax rules? BTW it is good that the Lakers pay the most tax and will probably have one of the worst teams going into next year. Maybe all of the key FA will spurn the Lakers and keep them irrelevent for 20 years.

[nickagneta]

We knew they were going to be taxpayers.

It wasn't a lot so that's good.

But it's pretty obvious they will be doing everything they can to cut more costs and salary. For that reason I expect all the non-guaranteed contracts to be traded off for a 2nd round pick or cut.

I also doubt we see any significant free agent signing other than possibly a vet minimum contract guy to play center.

I also expect the C's to give away a future first round to get rid of someone like Wallace or Bass.

Cost savings now and for the future is the name of the game now. Get rid of long term salary for shorter term salary or find a team willing to take on salary. Clearing cap space for flexibility in cap space to sign players or trade for them in future summers has to be the name of the game this summer.

[Birdman]

Where does the luxary tax money go to? To other owners in the NBA or does the NBA gets it? I always wonder this

[oldmanspeaks]

to birdman,
I am doing this from memory but I think I am still correct. The money goes to the league which distributes the money to the non-luxury teams. The idea (in theory)is the those teams with limited cash flow will get an influx of cash to help them get competitive. However that is why the union contract put in minimums for each team. In other words a team can get the shaft if it spends too much or get the shaft by spending too little and just tries to pocket the cash.

[nickagneta]

to birdman,
I am doing this from memory but I think I am still correct. The money goes to the league which distributes the money to the non-luxury teams. The idea (in theory)is the those teams with limited cash flow will get an influx of cash to help them get competitive. However that is why the union contract put in minimums for each team. In other words a team can get the shaft if it spends too much or get the shaft by spending too little and just tries to pocket the cash.

This is correct. At times in the past I think that was as high as $4 million per receiving team. It could be more.

[TripleOT]

Where does the luxary tax money go to? To other owners in the NBA or does the NBA gets it? I always wonder this

Read the ESPN story linked above.  Half the tax money goes to revenue sharing for players, the other half is shared by non-taxpaying teams. 

24 teams will be getting $1.47 million in tax payments.