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While most NBA teams hold contracts valued in excess of the salary cap, few teams have payrolls at luxury tax levels. The tax threshold in 2005–06 was $61.7 million. In 2005–06, the New York Knicks ' payroll was $124 million, putting them $74.5 million above the salary cap, and $62.3 million above the tax line, which Knicks owner James ...
The money generated from the luxury tax is not distributed to the rest of the league, as is the case with the NBA, but rather is used for other purposes. The first $2,375,400 and 50% of the remaining total are used to fund player benefits, 25% goes to the Industry Growth Fund, and the remaining 25% is used to defray teams' funding obligations ...
The second apron is a new, additional threshold, slated as roughly $11 million ($190 million total) above the first apron for the 2024-25 league season. It will handicap team decision-makers more ...
While restricted free agents can be signed and traded, this is not allowed if that player has signed an offer sheet with another team. The team receiving the player cannot have a payroll that exceeds the so-called "apron"—a designated level above the NBA luxury tax threshold—after the trade.
Phoenix has an expected luxury tax bill of $34.8M for essentially the same team that won 64 games, but was eliminated in the conference semifinals.
The Lakers are set to pay $45 million in luxury tax fees. LeBron James getting suspended will save Lakers over $500,000 in luxury tax payments Skip to main content
The NBA's free agency period began on June 30 at 6 p.m. EST. Players were allowed to sign new offers starting on July 6 at 12 p.m. ET, after the moratorium ended. R
On a recent podcast appearance, Joe Lacob said the NBA’s luxury tax system is unfair and called it an "incredible penal luxury tax." NBA fines Warriors owner Joe Lacob $500,000 for comments ...