The NBA has a wage cap that stops groups from spending an excessive amount of, serving to retain parity between franchises in small and massive markets. For the 2021-22 NBA season, the wage cap is at $112.414 million and a tax degree at $136.606 million.
Some groups will exceed the wage cap, which is why the tax degree or luxurious tax threshold is put in place. If a crew exceeds the brink, they need to pay a luxurious tax invoice value thousands and thousands.
Out of the thirty groups, solely ten are getting into the brand new NBA season with a luxurious tax invoice. Issues might nonetheless change, as groups can manuever salaries by way of releases or trades. Groups are going to pay the posh tax invoice on the finish of the season.
Nonetheless, listed here are the 5 groups with the biggest tax payments getting into the 2021-22 NBA season:
#5 Milwaukee Bucks – $41.5 million
The price of profitable an NBA championship is large. The Milwaukee Bucks are getting into the 2021-22 season because the champions, however additionally they have the fifth-largest tax invoice at $41.5 million.
One of many explanation why the Bucks have an enormous payroll is because of their three superstars signing max contracts. Giannis Antetokounmpo, Khris Middleton and Jrue Vacation have all signed long-term, which means Milwaukee have an opportunity at an NBA championship within the subsequent 5 years.
The Bucks are owned by a number of people and teams, together with 4 majority homeowners. At the moment, the crew is valued at $1.9 billion, which makes them the Seventeenth-most beneficial NBA franchise.
#4 LA Lakers – $46.3 million
The LA Lakers are one of many largest market groups within the NBA. They’re a number of tax offenders because the luxurious tax has been carried out, but it surely has been value it as a result of variety of championships they’ve gained.
Coming into the 2021-22 NBA season, the Lakers have a luxurious tax invoice of $46.3 million. Most of their payroll is occupied by the salaries of LeBron James, Russell Westbrook and Anthony Davis. The trio has a mixed wage of $120.8 million.
Breaking: The Lakers are near a deal to acquire the Wizards’ Russell Westbrook for Kyle Kuzma, Montrezl Harrell, Kentavious Caldwell-Pope and a 2021 first-round pick, sources tell @wojespn. https://t.co/gY7sGB6Rbr
The LA Lakers’ majority proprietor is the Buss Household, with Jeanie Buss serving because the crew’s controlling proprietor and crew president. The Buss Household belief has a reported internet value of round $4 billion.
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