Before the BLUEDUDE goes into the National Basketball Associations Team PAYROLLS and Highest Paid PLAYERS......let me explain what the NBA Salary Cap was set at before the 2010-11 NBA Season and also explain to you what the LUXURY TAX is for each NBA TEAM.
The 2010-11 NBA SALARY Cap was set at $58,044,000 Million which means Teams can Spend up to this amount and over that amount to the sum of $70,307,000 which is the LUXURY Tax Level. Once a team gets over the LUXURY Tax level the NBA Penalizes each team DOLLAR for DOLLAR over that $70,307,000.
The TEAMS that were facing the Penalty before the CAP and TAX Level were implemented for the 2010-11 Season were the LAKERS, NUGGETS, HORNETS, and MAGIC.
Now the CAP is set let's look at the 2010-11 NBA TEAM PAYROLLS and any PENALTIES:
1. LAKERS $91,569,659 .... $21,262,659 over the CAP Perennial Favorite to win their 3rd O'Brien in a row
2. O MAGIC $89,139,596..... $18,832,596 Over the CAP They Swapped 2 of the Highest Player Salaries with WIZ this YEAR ARENAS for RAHARD LEWIS
3. MAVERICKS $87,056,125.... $16,749,125 Over The CAP Owner CUBAN has to get DEEP into PLAYOFFS......SPENDS to WIN
4. CELTICS $83,790,759.....$13,483,759 Over the CAP This is the LAST RUN for the BIG 3.....make it count DOC
5. NUGGETS $83,020,059.....$12,713,059 Over The CAP NUGGETS made a great trade in trading 'MELO.....Seeing results right away
6. JAZZ $75,785,355....$5,478,355 Over the CAP.....Since traded Deron WILLIAMS and Coach SLOAN Retired
7. ROCKETS $74,581,719.....$4,274,719 Over The CAP......the YAO MING injury devastating for this FRANCHISE
THESE ARE THE 7 TEAMS OVER THE CAP.......WILL BE PENALIZED BY THE NBA AND HAVE TO MATCH DOLLAR FOR DOLLAR ANY AMOUNT OVER THE $70,307,000 Million LUXURY TAX THRESHOLD
8. HAWKS $69,371,770......The HAWKS might have to make a BIG ROSTER Move and Blow the CURRENT ROSTER UP
9. 76ERS $69,360,246.......The 6ERS are on the right track with a young NUCLEUS built around BRAND and IGUODALA
10. BUCKS $69,353,506.......Have Superstars in JENNINGS and BOGUT.....missed on giving big money to SALMONS
11. TRAIL BLAZERS $68,419,112.....What will they do with Brandon ROY and Greg ODEN........ROY'S Knees are a huge ISSUE moving forward
12. SPURS $68,129,480....Imagine that the SPURS under the CAP....and WINNING....and #1 Overall Seed in the PLAYOFFS....HMMMM
13. RAPTORS $67,596,462....Only pieces might be DEROZAN and BAYLESS.....they won't stay and the RAPTORS need to move
14. GRIZZLIES $67,162,338.....They are turning the CORNER with LIL GASOL, GAY, CONLEY JR. and Z-BO
15. HORNETS $66,133,816....2 QUESTIONS?...DAVID WEST Torn ACL.....and CP3...is he leaving now WEST might be DONE?
16. PISTONS $65,917,821.....Karen DAVIDSON finally finds a BUYER....NOW WHAT......Roster in a little bit of Disarray
17. BOBCATS $65,880,884......Gerald HENDERSON coming into his own.....never understood WALLACE TRADE.....C'MON MIKE
18. WARRIORS $65,571,058....STEPH and MONTA......going to be HUGE in the BAY......LEE a very good pick-up....ask the KNICKS
19. SUNS $65,452,079....NASH maybe DONE.....GRANT HILL sign to the BULLS over the SUMMER...SUNS get Kyrie IRVING in DRAFT
20. HEAT $65,356,624...3 players are 70% of their CAP......need to Shop at WALMART for a PG and a Center
21, PACERS $64,368,421....GRANGER and COLLISON good building BLOCKS.........they need a shot in the arm somewhere
22. WIZARDS $60,066,811.....WALL and Nick YOUNG a start.......JORDAN CRAWFORD a steal but only 1 BALL at a time
23. NETS $58,539,907.....Need to keep D-WILL.......and where do they go from there......maybe a NICE LOTTERY PICK
24. KNICKS $58,102,438.....Picked up 'MELO......have STAT.....but will go as far as Mr. BIG SHOT takes them...CHAUNCEY BILLUPS that is....can they get CP3 from HORNETS
25. THUNDER $57,954,586......the DURANTULA and WESTBROOK in the FOLD....Kendrick PERKINS a huge pick-up for OKC
26. BULLS $56,237,705....have D-ROSE MVP.....and they have more CAP ROOM for 2011-2012.....also a 2011-12 LOTTERY Pick from RAPTORS....OUCH
27. CLIPPERS $52,668,803....BLAKE and GORDON Cornerstones......can they keep ever emerging Deandre JORDAN in CLIPPER LAND
28. CAVALIERS $51,572,807.....WOW....what a difference a YEAR makes...or a PLAYER for that MATTER.....Selling FATHEADS outside of the Q for $23.06.........U GET IT....CAVS DO
29. T-WOLVES $44,899,891........ B EASY and K LOVE nice pieces....NEED Kyrie IRVING and trade the RIGHTS of Ricky RUBIO
30. KINGS $43,798,401......MALOOFS' asked about the MOVE to ORANGE COUNTY CALI....reply.....CAN"T WAIT...sorry BART SCOTT
Still with some of these good numbers SMALL MARKEY NBA TEams are still getting the NACK end of the DEAL and with this economy can't survive and those TEAMS in dyer need are trying anything to stay afloat.
Take the SACRAMENTO KINGS for instance.......my sources tell me that last year they would leave Little-used but $7 Miilion per year with 3 years remaining on his deal KENNY THOMAS home on away games so they could save on his HOTEL COSTS......an NBA TEAM doing this and the owners of this FRANCHISE currently own one of the HOTTEST Casino/HOTELS in VEGAS.......the PALMS...and other HOTELS as well.
If these guys are a making a sacrifice with their BUSINESS KNOW HOW......what do other teams do when their present owners MAIN Financial Interest is their respective TEAM...........Something to think about huh?
LAKERS, MAGIC, MAVERICKS, and CELTICS have the NBA'S Highest Payrolls......But who is getting PENALIZED for being over the CAP.
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