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Do we still try to resign McBob?

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Posted · Report post

Good guy off the bench.

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Posted · Report post

Yeah, it's official McBob is back. Update the thread to signed lol.

2yrs/6 million

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Posted · Report post

I expected about that much.  Good.  Guy gives it all out there and is an all around good player.  Good job by the front office.

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Posted · Report post

Should be a very solid backup!

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Posted · Report post

What's the cap at now?

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Posted · Report post

I'll update it when I get home. Regardless, we will be in the luxury tax but it won't be by much. We'll be in the tax range at the $1.50 tax mark.

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Posted · Report post

How does the luxury tax work?

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Posted · Report post

How does the luxury tax work?


Don't quote me on this, but for every five million dollars you are over; there is a dollar amount that is multiplied to either your total salary or however many dollars you are over (not sure which one) and that is money that you send directly to the league.

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Posted · Report post

Don't quote me on this, but for every five million dollars you are over; there is a dollar amount that is multiplied to either your total salary or however many dollars you are over (not sure which one) and that is money that you send directly to the league.

 

so the luxury tax comes once you go over the cap?

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How does the luxury tax work?

In 2013-14, the tax rate will be as follows:
$1.50 for every dollar over the tax threshold up to $4.9M over the threshold
$1.75 for every dollar from $5 to $9.99M over the threshold
$2.50 for every dollar from $10 to $14.99M over the threshold
$3.25 for every dollar from $15 to $19.99M over the threshold
$3.75 for every dollar from $20 to $24.99M over the threshold
An additional $0.50 for every dollar for each additional $4.99M increment after that
 
This is different than in other years when it was a flat rate above the threshold.  The incremental increase is supposed to deter teams from stacking rosters.
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Posted · Report post

How does the luxury tax work?

In 2013-14, the tax rate will be as follows:
$1.50 for every dollar over the tax threshold up to $4.9M over the threshold
$1.75 for every dollar from $5 to $9.99M over the threshold
$2.50 for every dollar from $10 to $14.99M over the threshold
$3.25 for every dollar from $15 to $19.99M over the threshold
$3.75 for every dollar from $20 to $24.99M over the threshold
An additional $0.50 for every dollar for each additional $4.99M increment after that
 
This is different than in other years when it was a flat rate above the threshold.  The incremental increase is supposed to deter teams from stacking rosters.

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Posted · Report post

so the luxury tax comes once you go over the cap?

 

Correct, look above this post and you will get a better idea of how it works.

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