Big props to Wyc and Co. for okaying all these deals / offers. If we bring back Green, Bass, Ray, and/or Krstic, we've pretty much locked ourselves into the luxury tax for the foreseeable future.
Educate me again on the particulars of the luxury tax Roy, if you don't mind. I thought the Celts couldn't offer/use the full MLE if they went over the threshold of 74 million. I realize that even 73 million is still over the cap, are there 2 levels of luxury tax, from the cap to 74, and then a higher rate over 74?
For this season, there aren't levels to the luxury tax. It's a dollar-for-dollar penalty. Next season, it becomes much more punitive, in $5 million increments. It starts at $1.75 per dollar, then jumps at the $5 million mark, then again at $10 million, etc.
The $74 million affects whether teams can use the "full" MLE or not. If a team uses over $3 million of its MLE in a season, it can't exceed $4 million over the luxury tax threshold under any circumstances, at any point. The luxury tax line should be around $70 million, thus where the $74 million comes in.
It gets confusing, because the $3 million smaller MLE is called the "Taxpayers MLE". However, we're going to likely be taxpayers, but still get to use the full MLE. That's due to the $4 million "apron".
Tell me how I can make that clearer, because I probably garbled it.