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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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Kobe Bryant is Overpaid, But That’s Not His Fault
The revelation of the financial details leaking from the new TV deal for the NBA is driving a wedge between players and owners very quickly. Kobe Bryant of the Los Angeles Lakers, who has been criticized as overpaid, especially on his most recent contract, thinks it’s simply a matter of misguided public perception, and there’s nothing wrong with the money he’s making.
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LeBron James Wanst the NBA and it’s Teams to Pay Through the Nose
The NBA is growing, and the players want a cut from the money the league is going to be raking in from its next TV contract. LeBron James is the most famous basketball player but he’s not just a face. His words mean something and represent a lot of other players in this league, who aren’t planning to be left out of the celebration.
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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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Oakland Raiders – Ready to Spend Big on Free Agency in 2014
Teams that aren’t heading to the NFL playoffs, like the Oakland Raiders, have three things to enjoy until the end of the season – seeing some of their younger players develop, start thinking about what they’re going to do in the draft and if they have a lot of cap space, what free agents they’re going to pick up in 2014.
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NBA Players on Max Contracts
In the changing landscape of the NBA’s salary cap as more and more regulations from the latest CBA come into play, there are currently 22 players in the league with a max contract, including a few teams – New York Knicks, Brooklyn Nets, Miami Heat, Oklahoma City Thunder, Houston Rockets, Los Angeles Clippers and the Los Angeles Lakers, with two or more players getting a max deal.
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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.