http://espn.go.com/blog/truehoop/pos...hing-to-owners
"The cliff," which is a term to describe the penalty for going one dollar into the tax. In the old system, teams that were a dollar below the tax threshold paid no tax and received, typically, millions from the league. Going just one dollar over, in other words, would cost those lost millions, plus a dollar in luxury tax for every dollar the team is over.
There's an effort to reduce "the cliff" in the league's proposal. Both sides agree, however, that teams that spend hugely on salary will pay significantly more tax than in the past with a new graduated rate system.
me. That graduated rate system is still there {{{3.5-1}}} at last ganders.
That's an ELE for the Lakers.