2012 NBA Off-Season Thread: There's a new team in town
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07-16-2012, 08:21 AM
Two Pucks, One Cup
Join Date: Dec 2005
If, for argument’s sake, the Knicks payroll was equal to the luxury tax threshold, adding an extra $15 million for Jeremy Lin’s salary would cost the Knicks a total of $43 million. They’d have to pay Lin’s salary, and the luxury tax payment for a team $15 million over the tax threshold—in 2014-2015—will be about $28 million.
Now, after adding Felton, retaining Lin becomes even more expensive.
If the Knicks match Lin’s offer and end up being $19 million above the luxury tax threshold because of it, they would owe $41.75 million in luxury tax penalties, and when you include Lin’s $15 million salary, his total cost could be about $57 million.
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