Lux Tax at $69.9mm. League says prepare for $61mm next year

Post #1 » by **paulpressey25** » Wed Jul 8, 2009 2:36 am

Just reported by Bucher

ETA: Actual numbers:

Cap - $57.7m
Lux threshold - $69.92m
MLE - $5.854

ETA2:

See page 5 for NBA release telling teams the cap could be in the $50 to $53mm range next year and the tax between $61 and $65mm and that teams should prepare for a $50/$61 numbers.

paul · Post #2 » by **paul** » Wed Jul 8, 2009 2:45 am

Ok, that's about a million lower than I was hoping for to make our math easy, but it's not too bad.

trwi7 · Post #3 » by **trwi7** » Wed Jul 8, 2009 2:47 am

Need to make a move if we want Sessions and Ilyasova back. Not gonna have enough room.

carmelbrownqueen · Post #4 » by **carmelbrownqueen** » Wed Jul 8, 2009 2:53 am

Lots of teams in trouble with that number..not just the Bucks.

Post #5 » by **paulpressey25** » Wed Jul 8, 2009 2:54 am

Sham shows us at $63.2mm including $1mm QO for Ramon. Subtract that QO and add to that Jennings ($2.1mm?) and Meeks ($600k?) would put us at $65 million approx.

But if we cut Bowen we save $2.1mm. But pay Ersan that and it is a wash.

So yes, agree with Twirl that we'll have about $4.8 million for Ramon. And that takes into account cutting Bowen. Not sure where the Childress comes from here.

Then again, we could pick up $1.1mm by seeing if Sacramento would take Ridnour for Garcia. Then enough to match a Ramon MLE offer if needed. :wink:

smalls · Post #6 » by **smalls** » Wed Jul 8, 2009 2:56 am

sry trwi, no idea on the cap stuff but just saw ur Jakecronus quote for a sig and that is awesome!!!!

europa · Post #7 » by **europa** » Wed Jul 8, 2009 2:56 am

trwi7 wrote:Need to make a move if we want Sessions and Ilyasova back. Not gonna have enough room.

The Bucks are at $63.2M now. Let's assume Bowen is waived or Thomas is bought out and reduce that number by $2.05M. If Sessions gets $4.5M and Ilyasova gets $2M that brings the total to $67.65M. fam is saying Jennings' salary will be $2.1M but several other reports are saying it will be $1.8M. If it's the latter and Meeks gets $400,000 that brings the total to $69.85M if my math is correct. So that would be right under Bucher's number with Ridnour, Alexander, Elson and Allen still available to be traded.

The $63.2M also includes Stoudamire's full contract. Hammond needs to strongly consider not picking up that contract - especially with Meeks now an option for a shooter off the bench.

Post #8 » by **ReasonablySober** » Wed Jul 8, 2009 2:56 am

Ouch.

trwi7 · Post #9 » by **trwi7** » Wed Jul 8, 2009 3:00 am

If Sessions gets $5 million and Ilyasova gets $2 million, we're at $69,904,775, that includes Bowen being waived, Jennings and Meeks' salaries and doesn't include Stoudemire. Signing Stoudemire was incredibly stupid in the first place. It's even more stupid now if any portion of that salary this year is guaranteed.

Post #10 » by **paulpressey25** » Wed Jul 8, 2009 3:01 am

DrugBust wrote:Ouch.

I think this is a pretty good number. I thought this thing could come in at $68 million. At the end of the day, Hammond has always needed to dump more salary if he wanted to sign/acquire someone additional (Ersan, Childress, Bogans, etc) than just being positioned to match a Ramon $5.8 MLE offer sheet.

Frank Nova · Post #11 » by **Frank Nova** » Wed Jul 8, 2009 3:01 am

can we still offer a free agent our mle and bring ersan back? im assuming sessions ersan and a mle free agent is out the question right? maybe this guarantees we cut bowen, buy out kurt and trade ridnour tho... if we do those 3 things, what kind of shape r we in?

europa · Post #12 » by **europa** » Wed Jul 8, 2009 3:02 am

weezybaby856 wrote:can we still offer a free agent our mle and bring ersan back?

Yes. The Bucks can still accomplish what they want to do. Trimming salary has always been a part of the offseason plan. This number doesn't change anything.

aboveAverage · Post #13 » by **aboveAverage** » Wed Jul 8, 2009 3:04 am

How many days until we read that Hammond couldn't afford Sessions because the Luxury Tax number was lower than he expected?

paul · Post #14 » by **paul** » Wed Jul 8, 2009 3:05 am

DrugBust wrote:Ouch.

I'm not sure why it's 'ouch' when this is right around what everyone expected?

Post #15 » by **paulpressey25** » Wed Jul 8, 2009 3:06 am

aboveAverage wrote:How many days until we read that Hammond couldn't afford Sessions because the Luxury Tax number was lower than he expected?

Debit One · Post #16 » by **Debit One** » Wed Jul 8, 2009 3:06 am

aboveAverage wrote:How many days until we read that Hammond couldn't afford Sessions because the Luxury Tax number was lower than he expected?

You really need to pay attention.

europa · Post #17 » by **europa** » Wed Jul 8, 2009 3:07 am

paulpressey25 wrote:
DrugBust wrote:Ouch.

I think this is a pretty good number. I thought this thing could come in at $68 million. At the end of the day, Hammond has always needed to dump more salary if he wanted to sign/acquire someone additional (Ersan, Childress, Bogans, etc) than just being positioned to match a Ramon $5.8 MLE offer sheet.

The good news is Sessions' contract is looking like it could come in a lot lower than many of us anticipated. I could see his salary next season being around $4M. The market has almost entirely dried up for him. That's going to help Hammond quite a bit if it does unfold that way.

europa · Post #18 » by **europa** » Wed Jul 8, 2009 3:07 am

Debit One wrote:
aboveAverage wrote:How many days until we read that Hammond couldn't afford Sessions because the Luxury Tax number was lower than he expected?

You really need to pay attention.

"THE SKY IS FALLING!"

"THE SKY IS FALLING!"

Joana · Post #19 » by **Joana** » Wed Jul 8, 2009 3:08 am

Jennings salary is going to be $2.1mm.

$1.8 millions is the rookie scale salary, but a player's actual salary may vary between 80% and 120% of the rookie scale amount and traditionally teams offer 120%. So, Jennings will make $2.168.520 next season.

paul · Post #20 » by **paul** » Wed Jul 8, 2009 3:08 am

europa wrote:
paulpressey25 wrote:
DrugBust wrote:Ouch.

I think this is a pretty good number. I thought this thing could come in at $68 million. At the end of the day, Hammond has always needed to dump more salary if he wanted to sign/acquire someone additional (Ersan, Childress, Bogans, etc) than just being positioned to match a Ramon $5.8 MLE offer sheet.

The good news is Sessions' contract is looking like it could come in a lot lower than many of us anticipated. I could see his salary next season being around $4M. The market has almost entirely dried up for him. That's going to help Hammond quite a bit if it does unfold that way.

Still need those pesky trailblazers to spend some money, they do that and I agree things are shaking out very well for us.