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LMAO!
Like Lebron is gonna leave all his fans in Cleveland to accept a lesser deal than Cleveland could offer so he can play in...........
DALLAS?
Are you freaking kidding me?
Strange article. Yes the "dust chip" was a good idea for the final years, but many other teams did this (Spurs with Bruce and Oberto). They are touting the Mavs front office because they gave Damp a huge contract so by scale their "chip" is bigger? Naturally.
That does not change the fact it was a bad contract, although now it is actually helping. But many other teams did this and kept the contracts more reasonable.
Also, they would have to trade him this year, not next year correct? Teams looking for cap space need contracts that expire going into the offseason next year in order to sign a player. The Mavs will have to take back a salary that equals Damps contract, no? So won't that cap space be eaten up? Unless they find someone to take on Damp's contract that is under the cap by that amount? I am a little confused on that point.
Good job by the Mavs FO on structuring the deals that way, but they should have never paid him that much.
LMAO!
Like Lebron is gonna leave all his fans in Cleveland to accept a lesser deal than Cleveland could offer so he can play in...........
DALLAS?
Are you freaking kidding me?
This is like askin if Kobe likes Shaq
Lebron will make more money in endorsements than playing basketball. New York, LA, Miami and yes Dallas are huge markets to make even more money in endorsemets.
LA and New York are head and shoulders above everyone else (especially New York).
The idea that he will make more in endorsements in Dallas than he would in Cleveland is a stretch.
Lebron would walk naked down Broadway before he played for the Clippers
The Knicks makes sense, but who knows if he will actually do it. The Cavs makes mroe sense, but who knows if he will actually do it. Dallas makes sense if you are a Mavs fan, and only if you are a Mavs fan.
Glenn James/NBAE/Getty Images
Knicks and Mavericks hit hardest by luxury tax
By Art Garcia, NBA.com
Posted Jul 8 2009 8:03AM
The Knicks and Mavericks are each required to pay more than $23 million in luxury tax on their 2008-09 payrolls, according to do ents obtained by NBA.com and distributed to all teams Tuesday. The league also expects revenues to fall this season and has warned teams to plan accordingly.
Seven teams overall were subject to the tax, which totaled more than $87 million overall. The 23 teams below the tax threshold of $71.15 million last season will each receive payments of $2,911,756 (1/30th of the total tax).
The remaining $20.4 million of undistributed tax funds will be allocated to the league's Revenue Assistance Plan, which distributes money to low-revenue teams for the 2008-09 season.
Luxury tax for 2008-09 Here's a look at the teams that have the highest luxury tax payment due from the 2008-09 season. Team Tax Payment Knicks $23,736,207 Mavericks $23,611,661 Cavaliers $13,707,010 Celtics $8,294,664 Lakers $7,185,631 Trail Blazers $5,899,356 Suns $4,918,136
Total: $87,352,665
Each team is also receiving approximately $6.8 million in escrow, which is a result of a decrease in total player costs from the $2.277 billion to $2.072 billion. The $204.9 million reduction reflects the maximum 9 percent reduction allowed under the collective bargaining agreement.
The cash portion of the escrow ($6.468 million per team) is expected to be paid by July 29. Luxury-tax teams are required to make their payments (minus the escrow) by July 22.
New York and Dallas each had payrolls in excess of $94 million last season. The Knicks have the highest luxury tax expense at $23,736,207. The Mavericks were next ($23,611,661), followed by the Cavaliers ($13,707,010), Celtics ($8,294,664), Lakers ($7,185,631), Blazers ($5,899,356) and Suns ($4,918,136).
Basketball-related revenues (BRI) for 2008-09 were $3.608 billion, with $2.146 billion distributed to player salaries. Another $130.8 million were paid in benefits. Salaries and benefits accounted for 63.1 percent of the BRI, pre-escrow.
The league projects BRI to decrease in 2009-10 somewhere from 2.5-5 percent. If BRI were to decrease by 2.5 percent, the salary cap for 2010-11 would be approximately $53.6 million and the team tax level would be approximately $65 million. If it falls 5 percent, the cap would be about $50.4 million and tax level $61.2 million.
Teams were cautioned to be aware of the projected BRI decrease and adjust their business plans. The anticipated drop is based on the current economic conditions.
The salary cap for the 2009-10 is $57,700,000, with the minimum team salary at $43,275,000. The tax level is $69,920,000.
Maximum player salaries for this season are as follows: 0-6 years of service at $13,520,500, 7-9 years at $16,224,600 and 10-plus year at $18,928,700. The mid-level exception was set at $5,854,000 for 2009-10, with the bi-annual exception at $1,990,000. Teams that use any portion of the bi-annual last season aren't eligible to use it this season.
If you have a question or comment for Art Garcia, send him an email.
Wow..Amarelooms..I didn't think you could be any more an idiot...then this...wow..
/thread
Weird "too much time on my hands" article. Too long...yawn. Anyway, we all know LeBron is either going to stay in his home state, or go to New York.
Lebron? probably not. but i'm sure their going to land someone good, which is why they've been quiet so far. saving it all for 2010
does the person that made this trade post on www.dallas-mavs.com ? because this is almost as stupid as mav fans over there saying they didn't want Wade(if they could get him) because he beat Dallas in 2006.
Its like Mav fans live on their own planet...
IMO Lebron would only leave Cleveland to go to New Jersey... Why? 1) friendship with Jay Z 2) team moves to Brooklyn
The whole Lebron going to New York never made sense to me. Lebron is committed to playing defense cause he knows defense win championships. So why go to a team that plays no defense? Jay Z could easily sway him to go with him to Brooklyn and has young talent already to begin building around Lebron. Dallas and New York would have blow the team up to even look appealing to him imo.
Leave the last to Dallas, and leave the laughing to every other team.
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