The suspension will cost George roughly $11.7 million of his $51.7 million salary, or about $469,691.72 for each of the 25 games missed.
So who gets the money? Does PHI just not pay him or does George pay it to the league (I assume after paying taxes on it as income). So this goes to the owners?
It goes to charity. Or at least that is what they used to do with suspension money. Team doesn't keep it. They still have to pay.
Just to clarify, that's fine money. That goes to charity. Suspension money is never paid out, so there's nothing to go anywhere. It's less complicated that way to avoid distorting incentives and things like that.
Incidentally, their cap is also reduced by the same amount, which will help them for luxury tax purposes, but they cannot use that cap space to pick up another player, or get a DPE.
Yeah, I saw that on the Schroder trade. He was was suspended this year and lost something like $150k which will give CLE around $850k in luxury tax savings.
Yes, and the benefit for the Sixers will be that they can make some moves to convert a couple of their two-ways - Barlow and Walker - to full contracts so they can play in the playoffs if required. If they were signed today to prorated vet mins, it would come out to approx. $1.95M total for both.
They need to get to somewhere between $1.5-1.9M under the tax (send out somewhere between $2.8 and $3.2M) in order to sign both Barlow and Walker to prorated vet mins and remain under the tax line and save Josh Harris some $$$. So maybe they dump Gordon and someone else, maybe Broome?
Topic: Paul George Banned 25 Games (Read 980 times)