Will Wyck open his checkbook

[Surferdad]

Sorry for sounding clueless, but is luxury tax ONLY payed for by owner? Or is it also payed by the entire front office (each pays a share)? I imagine profits/revenues also play a part too.

The tax is paid by whoever cuts the checks.

It is paid by the team as a whole, like any other business expense.  It has no direct bearing on individuals on salary and really not a direct impact on owners either except to the extent that it hurts their net profits, or makes their losses bigger.

[Phantom255x]

Sorry for sounding clueless, but is luxury tax ONLY payed for by owner? Or is it also payed by the entire front office (each pays a share)? I imagine profits/revenues also play a part too.

The tax is paid by whoever cuts the checks.

It is paid by the team as a whole, like any other business expense.  It has no direct bearing on individuals on salary and really not a direct impact on owners either except to the extent that it hurts their net profits, or makes their losses bigger.

Thanks guys, and TP!

Good to hear.