11 NBA teams are all set to pay the luxury taxes now that the trade deadline has passed and according to the latest reports, their combined amount would cross $ 100 million. The number of teams paying taxes this summer could have been higher but Houston, Washington and New Orleans barely missed the threshold this time. Washington had a narrow escape by trading Dominic McGuire over to the Sacramento Kings just after the deadline on Thursday. The Kings were also a major factor in getting the Hornets and the Rockets under the threshold.
According to the facts, the eleven teams would end up paying a total of $ 119 million between them as taxes. The rule stats that teams can cut off 50 percent of a player’s pro-rated salary from the luxury tax bill for those games in which the players have been suspended by the league. Rashad Lewis and J. R. Smith have been figured out into this. The non-tax paying teams, which include 19 franchises, will get 1/30 of the total kitty and are expected to receive around $3.98 million each. The league gets to keep the rest of the amount, which is about $ 43.8 million. This amount will be used the various league purposes like the mysterious revenue sharing system.
The top eleven teams that would be paying taxes are led by the Lakers who will contribute $21.42 million. The Lakers re-upped Lamar Odom while gave Ron Artest the full mid-level exception despite already being over the tax-line. Next in line are the Mavericks who will end up paying $17.79 million. Ever since this luxury tax was started, Dallas has paid their taxes every year. Mark Cuban is never worried about bucks when it comes to winning and examples include Shawn Marion and Jason Kidd.
The Celtics are paying $ 14.98 million this summer after trading in Kevin Garnett and Ray Allen in 2007. However Allen’s contract expires this summer, yet the Celtics would not escape the tax-paying teams’ list next year. The Cavaliers have amounted $ 14.8 million having roped in players that need to be supporting the likes of LeBron James. The Knicks will have to pay $ 14.65 million and like Dallas has been a regular tax player since the very beginning. The Magic are paying $ 12.07 million and the Spurs are paying $ 8.853 million this season. Orlando has picked up Vince Carter while San Antonio grabbed Richard Jefferson last year.
The Nuggets would shell out $ 5.19 million and the Suns are paying up $ 5.01 million this year. Denver had to pass out on many options this season because of the tax-bill. However, they have not sold and player at a discount to go under. Miami Heat could not find any takers for Dorell Wright who made $ 2.88 million last season. They are paying up $ 2.83 as luxury tax this summer. The Jazz will have to pay $ 1.99 million this season having dropped Ronnie Brewer and another draft pick right before the deadline.