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6 Teams Paying Luxury Tax for 2016 MLB Season
Paying the luxury tax is becoming a bigger and bigger problem for the large spenders in Major League Baseball, but it’s not something everyone avoids. Six teams: The Yankees, Cubs, Red Sox, Dodgers, Tigers and Giants are on the list of “offenders”, a new record for number of teams.
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NBA Rumors – Cleveland Cavaliers Might Break Luxury Tax Record
After re-signing LeBron James, Kevin Love, Iman Shumpert and likely bringing back Tristan Thompson while also negotiating things with J.R. Smith and Matthew Dellavedova, the Cleveland Cavaliers are going to pay a lot of money through luxury tax, maybe even breaking the record.
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NBA Teams Over the Luxury Tax Line
The Luxury tax is a dreaded word among NBA front offices, and yet there are four teams that enter this season going over the line: The Brooklyn Nets, the New York Knicks, the Los Angeles Clippes and the Boston Celtics.
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Brooklyn Nets Breaking Luxury Tax Records
Money doesn’t buy success, although it usually helps. With a cap hit of over $117 million, the Brooklyn Nets will pay a record breaking $90.57 million in luxury taxes for their payroll during the 2013-2014 NBA Season, which ended in the conference semifinal.
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Winners & Losers From the New CBA in the NBA
While having money to spend over the luxury tax is never a bad thing, the CBA entering its third year in the NBA has made it more about wise financial management more than ever. Teams like the Brooklyn Nets, Houston Rockets and Memphis Grizzlies have made the right choices, each in its own way, while the Los Angeles Lakers, Boston Celtics and Dallas Mavericks have been on the wrong end of the new agreement.
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NBA Teams Paying the Luxury Tax in the 2013-2014 Season
In the 2013-2014 NBA season, there are seven teams that will be over the luxury tax line – all of them in big markets which makes it less of a problem than it would be on the rest of the league. The New York Knicks, Chicago Bulls and Los Angeles Lakers are the obvious choices, but the Los Angeles Clippers, Brooklyn Nets, Miami Heat and the run down Boston Celtics are also in the tax zone for next season.
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The NBA’s New CBA – Teams Hurt the Most
The NBA Lockout didn’t level the playing field for small market teams. It went after those with a lot of big contracts, like the Miami Heat with LeBron, Wade and Bosh. The rich teams in big markets and those with wealthy and spending owners like Mark Cuban can keep on spending.