Do we still try to resign McBob?

[Zaximus]

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.

[Jakob]

Should be a very solid backup!

[Jakob]

What's the cap at now?

[CarolinaPanthers8789]

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.

[carolina-chuck]

How does the luxury tax work?

[CarolinaPanthers8789]

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.

[carolina-chuck]

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?

[OchoNueve]

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.

[OchoNueve]

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.

[CarolinaPanthers8789]

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.

[carolina-chuck]

 

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.

 

 

Thanks OCHO!

[carpanfan96]

I updated the salary cap thread earlier but the new number is 57,296,451 counting Hendo's 4.26 Million QO. 

[CarolinaPanthers8789]

I updated the salary cap thread earlier but the new number is 57,296,451 counting Hendo's 4.26 Million QO. 

 

I got a different number than you... but by less than $100,000... care to share how you got your number?

[carpanfan96]

I got a different number than you... but by less than $100,000... care to share how you got your number?

 

Bad Math. lol I used a flat 4.26 for Hendo's QO and a flat 3 million for McRoberts deal. Did a Flat 3,896,000 for Zeller's deal and added those to the cap listed on the salary page. Hence it ='s bad math. lol I was just giving posters a rough line of what the Bobcats were at salary cap wise.