Luxary Taxes are due (lmao!)

[GangstaBoogy]

Knicks top list of teams to pay luxury tax

By Marc Stein
ESPN.com

The New York Knicks can't be feeling very lucky on this Friday The Thirteenth.
By the end of this business day, you see, each of the NBA's five luxury-tax-paying teams from last season will have received an official invoice from the league stating the "net" amount they must remit.

In the Knicks' case?

The payment due by July 25, according to a league memo distributed this week to all 30 teams: $45 million and change.

That's $45-plus million for a team that went 33-49 and missed the playoffs for a third successive season. It was team president Isiah Thomas' first season as Knicks coach, following a 23-59 nightmare under Larry Brown, with New York going 4-14 to slip out of playoff contention after Thomas received a contract extension on March 12.

The next closest tax bill is the Dallas Mavericks' $7.2 million.

Teams that carried a payroll higher than $65.42 million for the 2006-07 season are required to pay a dollar-for-dollar tax on every dollar over that threshold. The following five teams are required to pay as follows:

1. New York $45,142,002

2. Dallas $7,204,968

3. Denver $2,022,418

4. Minnesota $998,536

5. San Antonio $196,082

The 25 non-tax-paying teams, meanwhile, will each receive 1/30 of the cumulative tax amount, which computes to nearly $1.9 million per team.

San Antonio just won another championship so they're fine with paying the luxary tax. But the Knicks...lol God bless them.

[Don Jacob]

lord of god, that's insane

[Sparegeez]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

[Don Jacob]

the last 5 winners of the world series


2006- St. Louis Cardinals (11)
2005- Chicago White Sox (4)
2004- Boston Red Sox (2)
2003-  Florida Marlins (30)
2002- Anaheim Angels (3)

the last 5 world series losers

2006-detroit tigers (14)
2005- houston astros (8 )
2004- st. lous cardinals (11)
2003- new york yankees (1)
2002- san francisco giants (10)

() = rank in money spent on players' salary

[WestCoasta]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

that's old news buddy, anybody with common sense who watches sports knows the landscape changes every couple years

teams aren't always in the same spot... some are but lots of teams go from good to good to bad to good to bad

plus look at the Yankees, what has having the most money gotten them?

[floatin_above_everything]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

The Knicks did it to themselves.

[wcsoldier]

The Knicks are really in a very fucked up situation ... kinda sad for a town like NY to have a such weak NBA team

[Mo Z. Dizzle]

wow, that's just disgusting and terrible

[Sanford - V. President of the Dangerous Crew Movement]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

that's old news buddy, anybody with common sense who watches sports knows the landscape changes every couple years

teams aren't always in the same spot... some are but lots of teams go from good to good to bad to good to bad

plus look at the Yankees, what has having the most money gotten them?

yea, but have an equal share of money will make the games as competitive as possible.

[Bay Area Jat]

lol knicks doing it big wit the payroll i guess it really is a way larger media market than LA. lakers need to start signing players and paying the luxury tax if they wanna win anytime soon.

[Sparegeez]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

that's old news buddy, anybody with common sense who watches sports knows the landscape changes every couple years

teams aren't always in the same spot... some are but lots of teams go from good to good to bad to good to bad

plus look at the Yankees, what has having the most money gotten them?

Shut up stupid I was asking about if Baseball teams like the Yankees have to pay luxury taxes as well like the NBA. And the Yankees are in that position because of injuries and bad managing. Any NFL can turn around its franchise in 3 years. They can go from the worst team to the best team. They actually have a chance. In baseball it almost impossible. Talk to me about this when the Bluejays actually make the postseason.

[Mo Z. Dizzle]

Does this happen in baseball also? This is the reason I don't watch baseball. It's fucking unfair how the rich teams will always be on top and the poor ones will always stay near the bottom.

that's old news buddy, anybody with common sense who watches sports knows the landscape changes every couple years

teams aren't always in the same spot... some are but lots of teams go from good to good to bad to good to bad

plus look at the Yankees, what has having the most money gotten them?

Shut up stupid I was asking about if Baseball teams like the Yankees have to pay luxury taxes as well like the NBA. And the Yankees are in that position because of injuries and bad managing. Any NFL can turn around its franchise in 3 years. They can go from the worst team to the best team. They actually have a chance. In baseball it almost impossible. Talk to me about this when the Bluejays actually make the postseason.

yeah, baseball teams have to pay luxury taxes as well
ill try and find out the amount the Yanks had to pay

[Mo Z. Dizzle]

^^here's an article about the Yankees tax

they paid about $26 million in taxes for 2006; the payroll was about $201.5 million in 2006

http://ballyblog.wordpress.com/2006/12/23/new-york-yankees-hit-with-26m-luxury-tax/

i think Yanks and the BoSox are the only two teams who've had to pay luxury taxes

[eS El Duque]

plus look at the Yankees, what has having the most money gotten them?

9 Division Titles in a row (10 since 96)

Plus 4 world Series since 96


Nigga please

[Low Key]

plus look at the Yankees, what has having the most money gotten them?

9 Division Titles in a row (10 since 96)

Plus 4 world Series since 96


Nigga please

The Minnesota Twins have won the division 4 times in the past 5 years in currently one the best divisions in baseball, and their payroll is more than $100,000,000 less than the Yanks.

When a team pays that much for players, there is no reason they shouldn't win the World Series every single year.