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09-27-2004, 12:00 PM
  #6
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I'd prefer a very hefty luxury tax with the proceeds going towards all teams under the cap equally rather than a hard cap. The luxury tax would have to be at least dollar for dollar, if not much more, and the threshold can't be that high either. It doesn't solve the whole equation, but it's an alternative that the owners should be presented with by the PA. Of course, I'm not so sure that the PA would propose a hefty luxury tax either, because it would create a drag on spending for the teams who obviously have the tendency to spend the most.

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