Luxury Tax and Cap Floor

[Player Agent]

Just want to make sure everyone is aware of this before we get to far ahead in FA, every team must get at 50 million in paid salary or over it before they can move on to the season (or in other words, 10 million of available cap), if teams fail to meet this requirement they will pay 3x the amount of money they're under and will probably get a team in early debt if they have yet to do articles/recruit. So make sure your over the cap floor by the time day 5 rolls around.

Teams this rule relates to:
Washington Wizards
Milwaukee Bucks
Houston Rockets
Sacramento King
OKC Thunder
New Orleans Pelicans

this also applies to anyone planning to go below the 50 million dollar cap floor for whatever reason

on the other hand you are allowed to go over the luxury, as a matter of fact you can go 100 million over the tax and I could care less, just remember you have to pay every $1.80 for every $1 your over (Just like the real NBA rules). To go over the luxury tax you must be paying 73 million or more. Since I doubt many want to dig any early grave for themselves it's probably best to try and get under the tax unless you feel it's necessary to contend. Amnesty cuts and trades are both great ways to cut salary (during the season, trading will be your only option)

Teams this rule relates to:
Boston Celtics
LA Lakers
Dallas Mavericks

this also applies to anyone planning to go above 73 million for whatever reason

in both cases I hope all agents are willing to work with teams to help them out of their situation, but again, I'm only 1 person, agents do what they want.

[username]

why the fuck are we not allowed to have a lot of cap space


pretty gay tbh.

[Player Agent]

because your paying your players salary, so if you pay 50 million in salary, you will pay 50 million at the end of the season. This is to prevent teams conserving alot of cap to avoid paying them alot of salary.

You can sign guys to a bunch of 1 year deals and that won't change the amount of cap you will have next year.

[Player Agent]

if your under the cap floor, you have until sim 1 to get over it which is Sunday, if you do not do it by then you will receive your fines.

Salaries are up-to-date, so you should be able to see how much cap you have

[Player Agent]

fines for being under the cap floor

Wizards=$17,589,423
Kings=$8,951,193

please pay these fines, I gave plenty of time for those to get over it, not giving up that much time again.

[Player Agent]

just letting teams know how much they could potentially lose in tax money

Lakers=$31,907,223
Celtics=$25,669,225.80
Mavericks=$1,391,279.40

Keep in mind this isn't the only expense you will pay as you also have to pay the players salaries as well. Of course, you still have time to cut down the salary and there's plenty of teams in the league with cap

[Player Agent]

here's a reminder for all the teams currently under the cap floor, get over this by the end of day 5 of free agency (50 million cap floor) or you will pay a fine of 3x the number your under.

Here are the teams currently under it
Celtics
Cavs
Pacers
Nuggets
Clippers
Suns

[Player Agent]

only 3 over the cap floor (one of them I won't fine, because they don't have a GM atm)
Wizards
Rockets
Nuggets

luxury tax teams are the following
Lakers
Grizzlies
Spurs
Bulls
76ers