Spurred into action Aug 16, 2009
We told him that if we were going to compete, we had to go over the [tax threshold. He did not like that answer, Popovich said. (Boston Globe)
Nuggets trade Hunter, pick to Grizzlies for pick Aug 8, 2009
7 million over the league's dollar-for-dollar tax threshold. Removing Hunter's $3. (ESPN -- Basketball News)
Once again its on! Aug 4, 2009
Oh yeah, another data point, supposedly the salary cap (and luxury tax threshold) are forecasted to shrink next season. So again, if we can only afford 9 + scrubs this season (with a slightly higher cap and luxury threshold) and none of the 9 contracts are expiring (with I think most going up), then what are our options (other than a mmid-season trade of one of the 9 for an expiring contract). (Atlanta Journal-Constitution -- Sports)
Taxing Pricey Insurance: No Health-Care Cure Jul 29, 2009
But those familiar with the committee's discussions say the tax threshold could be based on either what federal-employee benefits cost or the average cost of insurance nationwide. Nearly 20% of Americans covered by employer-sponsored health insurance have policies costing more than 120% of the national average, according to the Kaiser Family Foundation. (Time.com)
Vacation visions Jul 28, 2009
If they signed someone to, say, the full mid-level, that would take them out of the running for signing-and-trading for one of the big free agents because it would push them too close to the luxury tax threshold ... I think the reality of the situation is that like most teams, the Hawks are willing to spend UP TO the luxury tax threshold but they are not willing to EXCEED it. (Atlanta Journal-Constitution -- Sports)
Miami Heat allows Jamario Moon to leave for Cleveland Cavaliers Jul 26, 2009
9 million luxury tax threshold. That means adding Moon's $3 million per season salary would actually cost the Heat $6 million per season the punitive dollar-for-dollar luxury tax is included. (The Palm Beach Post)
PATIENCE IS A MUST Jul 26, 2009
With the luxury tax threshold set at $69. 5 million this upcoming season, all teams appear to be more cautious spenders than at this time last summer, when the luxury tax was $71. (Nola.com -- Sports)
Steve AschburnerINSIDE THE NBA Jul 22, 2009
Tracking changes in the NBA salary-cap and luxury-tax thresholds can start to feel as abstract as counting widgets for a Harvard business school case study, what with all those zeroes and commas and, where most folks would be thrilled to stick the dollar sign, a decimal point instead ... 4 million, the tax threshold to $61. (SportsIllustrated.CNN -- NBA)
Hornets trading Paul 'not an option' Jul 21, 2009
With the luxury tax threshold set this upcoming season at $69. 92 million and the Hornets' payroll at $78. (Nola.com -- Sports)
Tightening the NBA belt Jul 20, 2009
7 million for the 2009-10 season and drop its luxury tax threshold to $69 ... Any team whose overall average salary exceeds that luxury tax threshold will have to pay the league $1 for each dollar in salary it commits over the mark. (San Antonio Business Journal, TX)
Bobcats getting a late start on picking up free agents Jul 16, 2009
While fellow Eastern teams that failed to make the playoffs last season, such as Washington and Toronto, have made moves, Charlotte has been handicapped by limited salary-cap space and orders from owner Bob Johnson not to exceed the luxury tax threshold of $69. 9 million. (Herald Online, SC -- Sports)
Bobcats, Felton apart in long-term contract talks Jul 16, 2009
The Bobcats, already over the salary cap, are under orders from owner Bob Johnson not to go over the luxury tax threshold of $69. 9 million. (SportsIllustrated.CNN -- NBA)
Boozer expects Jazz to deal him before season Jul 15, 2009
The Jazz already appear headed above the luxury tax threshold, especially if they match Portland's four-year, $32 million -- including $10. 3 million up front -- offer to restricted free agent. (ESPN -- Basketball)
the Suns keeping Grant Hill Jul 11, 2009
If that is the final amount the parties negotiate, it would save the Suns $8 million in all ($4 million in salary and $4 million in luxury tax) if the Suns exceed the tax threshold again next season. Once the Suns waive Pavlovic and save $3. (AZCentral -- Sports)
Benefit eligibility depends more on income than assets Jul 10, 2009
Q. I am 61 and have been salary sacrificing all my wages, till my actual wage reached the 15 per cent tax threshold. This meant that I was sacrificing much more than $50,000. (Sydney Morning Herald -- Business)
Super Tuesday Jul 9, 2009
Finally, as for Chillz, if we can get Bibby, Marv and Zaza resigned for a combined $18M or so for next year, if I m Sund, Chillz is DEFINITELY getting matched up to the MLE because we could still fit him in and not exceed the luxury tax threshold. I would then attempt to trade Mo for a 2nd to a team under the cap to get a little more space to add a FA big. (Atlanta Journal-Constitution -- Sports)
Suns won't make luxury-tax payment Jul 9, 2009
9 million tax threshold, which is enforced based on payrolls at February's trade deadline. The Suns have $75 million in payroll for next season with three spots to fill, including first-round draft pick Earl Clark's $1. (AZCentral -- Sports)
Lower cap may limit 2010 signing Jul 8, 2009
In a memo announcing next season's salary cap and luxury-tax threshold, sent out shortly before the league's annual July moratorium on signings and trades was lifted at 12:01 a.m. Wednesday, NBA teams also received tentative projections from the league warning that the cap is estimated to drop to somewhere between $50 ... A significant drop for the luxury-tax threshold is also projected going into the summer of 2010 ... 7 from 2008-09 -- and the luxury-tax threshold at $69. (ESPN -- Golf News)
Gordon says Bulls never made offer Jul 3, 2009
The Bulls are near the projected $69 million luxury tax threshold, meaning they would pay a dollar-for-dollar penalty if they exceed that. They would also forfeit the approximately $3. (MSNBC -- Sports)
Sources: Pistons reel in Gordon, Villanueva Jul 2, 2009
Milwaukee elected to let the 24-year-old Villanueva become an unrestricted free agent earlier this week, after the Bucks determined that matching any restricted free-agent offers would move the team closer to the luxury tax threshold and limit changing the roster ... The Bulls, meanwhile, opted not to flirt with the luxury tax threshold. (ESPN -- Basketball News)
Gortat drawing interest Jul 2, 2009
"The owner said we can go into tax so that changes things. Once you get clearance to (go beyond the luxury tax threshold), (Gortat) has to go get a deal and let us see what we're comfortable doing," Smith said. "At this point, we're matching everything that comes back to us on him."We'd all like to have Marcin back. (Florida Today)
Boozer, Okur stay with Jazz, reject free agency Jul 1, 2009
It's unlikely they would have gone over the luxury tax threshold to re-sign Boozer. If neither the Pistons nor Jazz offered Boozer a contract, he might have been forced to take the mid-level exception from a team -- a drastic $7 million pay cut for Boozer next season. (ESPN -- Basketball News)
'Life or death' SPASMS alert Jul 1, 2009
The federal government has raised the income tax threshold for upfront concessions for employee share schemes to $180,000 from a proposed $150,000. --> Topics. (Sydney Morning Herald -- Technology)
Govt raises share scheme threshold again Jul 1, 2009
The federal government has raised the income tax threshold for upfront concessions for employee share schemes to $180,000 from a proposed $150,000 ... Increasing the income tax threshold from $150,000 to $180,000 aligns it with the top marginal tax rate threshold, he said. (Sydney Morning Herald -- Australia)
Jazz retain Boozer, Okur on eve of free agency Jul 1, 2009
The Jazz will have the right to match any other offers in order to keep him, but could easily top the luxury tax threshold if another team puts up a big contract. When healthy, Boozer has been the Jazzs top scorer and rebounder and helped lead Utah to three straight playoff appearances. (MSNBC -- Sports)
Free agent Iverson an option for Bobcats Jul 1, 2009
Management has been told by owner Bob Johnson, who has slashed non-basketball payroll and is exploring selling the team, not to exceed the luxury tax threshold of about $70 million. I don't think it's fair for us to get anywhere close to the luxury tax numbers, general manager Rod Higgins said. (Herald Online, SC -- Sports)
Turkoglu likely out for Magic Jun 30, 2009
3 million) and luxury tax threshold (from $71. 1 million to less than $70 million). (Florida Today)
Hill tops Suns' free-agent list Jun 30, 2009
Hill's No. 1 on Suns' free-agent list. Hill's No. 1 on Suns' free-agent list. (AZCentral -- Sports)
Sources: Boozer mulls opt out Jun 30, 2009
Those two contracts would put the Jazz near the luxury tax threshold. It's unlikely they would go over to re-sign Boozer. (ESPN -- Basketball News)
Tax inquiry reveals clueless economists Jun 29, 2009
Most tax economists acknowledge the importance of taxing immovable assets at a time of growing tax competition between countries, so they usually recommend that the transaction tax on real estate be replaced by increased land tax, with a lower tax threshold and fewer exemptions for owner-occupied housing and so forth. An annual land tax, you see, doesn't discourage people from buying and selling real estate to suit their changing circumstances or desires. (Sydney Morning Herald -- Business)
Source: Wizards and Wolves trade » Jun 24, 2009
The Wizards showed they are going for it and willing to go over the luxury tax threshold in trading for Randy Foye and Mike Miller. The source told Katz that until the deal is officially done, Minnesota could still work a trade to get a third party involved. (ESPN -- Basketball News)
Lakers have parade of issues Jun 17, 2009
This year's luxury tax threshold the point above over which clubs incur a dollar-for-dollar penalty was $71. 2 million. (USA Today -- Sports)
A Ring on Every Finger Jun 16, 2009
Revenues are down in the NBA, which means that the salary cap will be lowered, perhaps precipitously, and the luxury tax threshold will decline as well. Its possible that as many as 15 teams could find themselves in a position of needing to shed players to get under the salary cap or pay the luxury taxthe price one pays for exceeding the capwith money they do not have. (Slate)
TURKOGLU: Magic may focus on retaining forward Jun 16, 2009
Re-signing Turkoglu could send the franchise over the luxury tax threshold for the first time. The league's luxury tax threshold is projected to be $69. (USA Today -- Sports)
Tax threshold raised for staff share schemes Jun 6, 2009
EMPLOYEES earning up to $150,000 will remain eligible for a tax break on company shares, but the Government faces a continuing stoush with business over its latest attempt to reform the taxation of share schemes. The Assistant Treasurer, Chris Bowen, yesterday invited comment on a discussion paper on share schemes, which makes significant adjustments to a bungled budget crackdown. (Sydney Morning Herald -- Business)
Property tax creeps across suburban plains Jun 1, 2009
And as property values in coastal areas have risen, pushing more weekenders above the tax threshold, this might be forcing more families to think of cashing out, Mr Mangioni said. "Is the weekender an affordable option?". (Sydney Morning Herald -- Australia)
Hornets prepared to pay luxury tax May 27, 2009
The Nuggets still had to pay a $13,572,079 luxury tax bill, since the deal did not take place until July, but they were under the luxury tax threshold for the 2008-09 season. The Hornets, with a salary cap figure expected to be between $57 million and $58 million in July, would be able to pull off a similar deal. (Nola.com -- Sports)
Exec says Hornets committed to improving May 8, 2009
UPDATED: 2 :48 a.m. CDT, May 08, 2009. Weber says team willling to pay salary tax to stay competitive Friday, May 08, 2009 By Nakia Hogan Staff writer. (Nola.com -- Sports)
With season over, Jazz face uncertain future Apr 29, 2009
If all three decide to return, the Jazz could be pushing the luxury tax threshold -- something late owner Larry Miller vowed not to exceed. Miller died in February from complications due to diabetes and son Greg, who took over the family business last summer, has also said he wants the team to stay under whatever cap the league decides on in July. (ESPN -- Golf News)
Guess what, Darling? Your Vat cut... Apr 12, 2009
What should have been done was to raise the tax threshold to the minimum wage. Mullarkian, York. (New York Post -- Business)
Hornets accept NBA's loan offer just in case Apr 10, 2009
Still, in part because the Hornets' attempted trade of center to Oklahoma City fell through, the team could be in danger of having a player payroll several million dollars above the NBA's 2009-10 luxury tax threshold. The luxury tax figure hasn't yet been set but could be lower than this season's $71. (ESPN -- Basketball News)
Less willing? Apr 8, 2009
FIVE TIPS Talk it through with family Write a new will Use a codicil to change an existing will Consider the Inheritance Tax threshold Leave what you think is appropriate. Yet without this vital income, many charities would struggle. (BBC News -- Business)
EFFICIENCY EXPERTS: NBA's most financially viable clubs Apr 4, 2009
The Nuggets have done what so many teams wish to do: They improved while unloading salary and skirting under the luxury tax threshold ... The Nuggets will need to whittle down next season -- their commitment to nine players leaves them barely underneath the tax threshold -- but they're operating from a position of strength in comparison to many teams ... 3 million, the Magic's commitment to 10 players alone will hike them $2 million over the projected tax threshold before they begin paying their... (SportsIllustrated.CNN)
Chris MannixNBA POWER RANKINGS Mar 24, 2009
"While I will say that I don't want to go over the luxury tax threshold," Pollin said, "I also will not rule it out.". Got a different view than Chris. (SportsIllustrated.CNN)
Tories 'committed to tax pledge' Mar 23, 2009
After his initial comments to the BBC, Mr Clarke issued a statement saying the Tories were fully committed to raising the inheritance tax threshold in the first parliament of a Conservative government ... He said raising current inheritance tax thresholds was an "aspiration" which the party retained and hoped to get around to "sooner or later". (BBC News -- UK)
Pollin would pay penalty to win Mar 20, 2009
"With that said, I also believe NBA teams need to be financially responsible and the luxury tax is a well-designed penalty/reward system. The penalties are severe. While I will say that I don't want to go over the luxury tax threshold, I also will not rule it out.". NBA teams are penalized dollar-for-dollar for the amount they spend over the limit. (Insight on the News)
Nuggets beat Clippers, spoil return of Camby Mar 15, 2009
"I'm glad the fans recognized and acknowledged him. I think in pro ball there are some trades you kind of wish didn't happen, and Marcus probably falls in that category.''After all, Camby was the one player who always bought into Karl's incessant preaching about defense. He was the league's leading shot-blocker the last three seasons and was named the NBA's defensive player of the year in 2006-07.It took a long time for Camby to get over his dismissal from Denver last summer for the option to... (MSNBC -- Sports)
DIAGNOSIS POSITIVE Mar 7, 2009
However, with the Hornets' projected payroll for next season at $76 million, another motivation appeared to be cost cutting to get below the luxury tax threshold that is projected to be less than $71 million next season. Before the deal was rescinded, the Hornets would have received the expiring contracts of Smith and Wilcox, and their payroll would have been cut to an estimated $64 million, which would have kept Hornets owner George Shinn from having to pay a potential $6 million luxury tax... (Nola.com -- Sports)
Jon WertheimINSIDE THE NBA Mar 5, 2009
But Washington was reluctant to exceed the luxury tax threshold, and he accepted San Antonio's two-year, $7. 3 million contract offer. (SportsIllustrated.CNN -- NBA)
Better late than never! Mar 4, 2009
Regarding that Kaman rumor I think the Hawks are close to the luxury tax threshold so unless there was a way to send a little more salary to the Clips than we were taking back, I can understand the decision to not make that deal. Those trades will be there this summer, when there is more flexibility. (Atlanta Journal-Constitution -- Sports)
Source: Marbury to earn $1.2M with Celtics Mar 1, 2009
The also were interested in signing Marbury, but the Heat could not compete with Boston's financial offer without going over the luxury tax threshold. The Celtics still have $1. (ESPN -- Basketball News)
Chandler back in big way Feb 26, 2009
Despite playing effectively the previous two games and again becoming vital in the Hornets' possible playoff hopes, Chandler said there is a possibility he could be traded during the offseason to help reduce the Hornets' $76 million payroll that would be above the luxury tax threshold that is expected to be lower than this season's $71. 1 million. (Nola.com -- Sports)
SunTrust board OK'd a 75% raise in CEO's compensation Feb 25, 2009
Real solutions for your real estate needs. Choose from the selections below. (USA Today -- Money)
Savers withdraw record amount as interest rates fall Feb 25, 2009
Among the measures under consideration were an increase in the tax threshold for over-65s and an increase in Individual Savings Account (Isa) limits. Earlier this month, a survey by uSwitch, the price comparison website, suggested that 4. (Telegraph.co.uk)
Yet another column on the deductions working sheet Feb 23, 2009
The change this year is designed to align the Upper Earnings Limit - the point at which the employee contributions falls to 1% - with the higher rate tax threshold. This alignment was proposed in Gordon Brown's last Budget in March 2007. (Accounting Web, UK)
Chandler, Hornets back to square one Feb 20, 2009
If Hornets owner George Shinn can't pare payroll in the offseason with a trade, he will have to pay $1 for every $1 above the tax threshold. No trades can be made until after the NBA Finals are completed in June. (Nola.com -- Sports)
GM Sund travels with Hawks as trade deadline looms Feb 19, 2009
Unlike many of his colleagues, Sund isn t presiding over a franchise desperate to shed big contracts in anticipation of crossing over the league s luxury tax threshold. That makes Sund more of an interested listener than a trade instigator in an economy that s having an impact team finances. (Atlanta Journal-Constitution -- Sports)
Bulls nab Miller, Salmons as trade deadline looms Feb 19, 2009
6 million) and luxury tax threshold ($71. 1 million) to drop. (USA Today -- Sports)
');document.writeln('ASCHBURNER: ');document.writeln("Expiring contracts are all the rage these days");document.writeln(' Feb 19, 2009
"I've been in the NBA for almost 20 years and 'expiring contract' has always been part of the vernacular. But in today's age, it's kind of the whole economic landscape that now it's even become more common with the everyday sports fan. Because everyone's concerned about the dollar, and the dollars being spent by their teams.'' Hammond was one of several NBA GMs who took time, barely 72 hours before Thursday's 3 p.m. ET deadline, to talk about expiring contracts and how their appeal shapes not... (SportsIllustrated.CNN)
Luxury tax cutoff could drop Feb 18, 2009
The luxury tax threshold, implemented in 1999, is based on projected basketball-related income ... If the tax threshold was decreased to $70 million, Hornets owner George Shinn would have had to pay nearly $6 million in tax fees to the league. (Nola.com -- Sports)
Opinion: All eyes on MVP race in second half Feb 16, 2009
Now, additional teams are trying to dump large salaries quickly in order to get their payrolls comfortably under the luxury tax threshold. Slideshow. (MSNBC -- Sports)
Raptors rewind? Feb 15, 2009
That's your off-season work done and you're back bumping againt the luxury-tax threshold again ... The team seemingly intends to spend up to the tax threshold next season, so there is room for the MLE. I'd love to have Brandon Bass on this team, or use a relatively small amount of money on a backcourt prospect like C.J. Watson ... What you have to hope for is that MLSE willingness to spend to the tax threshold allows the Raptors to pick up a steal of a trade in the off-season from clubs cutting... (Globe and Mail -- Business)
Opinion: Where will Suns' Stoudemire land? Feb 13, 2009
2 million, which might not be enough to get Phoenix under the luxury tax threshold and if the Suns can't definitely get under the tax, then there's no point in trading Stoudemire in the first place. Portland: The Blazers, we've been told, did not offer the insanely rich package of LaMarcus Aldridge, Jerryd Bayless and Raef LaFrentz's expiring contract. (MSNBC -- Sports)
Chandler to be dealt? Feb 10, 2009
Chandler to be dealt. UPDATED: 2 :47 a.m. CDT, February 10, 2009. (Nola.com -- Sports)
Open Court: The Suns burn out (114) Feb 9, 2009
Let s never forget about Sarver s maddening decisions to sell (not trade, sell) first-round picks to squeak under the luxury tax threshold giving away players like Rajon Rondo, Luol Deng and Rudy Fernandez while getting nothing in return. These decisions over any other have put the Suns in this position. (Green Valley News & Sun, AZ)
