Why I (and many fans) are not supportive of luxury taxes as a salary containment mech
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10-29-2012, 10:33 PM
Business of Hockey
Join Date: Jul 2006
Location: South Mountain
Originally Posted by
Exactly, which is why the NBA raised theirs so much.
The NBA has been raising the luxury penalty because more owners are complaining about the payroll imbalances. The owners can't get enough agreement to implement a hard cap so instead they made the luxury taxes even more punative under the new CBA.
MLB's luxury tax is almost meaningless in the context of discussing whether the NHL should have a luxury tax. MLB's luxury tax is simply a soft cap on the Yankees payroll. 95% of all luxury tax collected in MLB history has been paid by the Yankees and the money collected isn't even distributed to the other teams.
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