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08-13-2012, 06:58 PM
  #61
RangerBoy
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The NBA made the luxury tax so punitive that James Dolan doesn't want to pay it. Dolan has shunned paying taxes the last few years.

Quote:
The Knicks, on the other hand, have nothing to show for spending a league-most $195.29 million in luxury taxes since 2003.

New York has avoided the luxury tax the past two years, but paid out a record $45.14 million in 2006-07 for a 33-49 season.
http://aol.sportingnews.com/nba/stor...-significantly

They passed on matching Lin because of the new luxury taxes kicking in beginning in 13-14.

Quote:
Beginning with the 2013-2014 NBA Season, though, the NBA will implement a much harsher luxury tax system. Under that system, a team that exceeds the luxury tax threshold by $25 million would have to pay a tax bill of about $64 million.

A team $20 million over the threshold would owe $45 million, while a team $10 million over the threshold would owe $16.25 million.
http://www.sheridanhoops.com/2012/07...-the-2011-cba/

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