It says here Players talking of $60 million luxury tax threshold
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09-04-2004, 04:52 PM
Join Date: Feb 2002
Earlier rumour was 1$ for 1$ penalty over 40 mill & 2$ for each 1$ over 50 million. I think that would have a whole lot more bight and garner a whole lot more attention & consideration. I think their stat at these rates said 17 of 30 teams would still be penalized even after the 5% rollback!!
Maybe 60 mill is for this year and then it gets lowered over the next few so as not to penalize teams who've already set themselves up in accordance with the current agreement??
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