question about contracts...

by dsham001 on Sep 25, 2007 8:30 AM PDT Comment 6 comments

With the signing of T-Hud and Croshere, I have a question regarding their contracts. I know that the NBA is paying apart of both players contracts for whatever reason, but how much of that contract counts against the salary cap? The entire portion or is it just the portion that Warriors are paying?? Thanks for the help

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Only what they spend.

Only the portion that the Warriors spend counts in figuring their cap and tax figures. Many of the sites reporting NBA salaries ignore this. For most practical purposes, it doesn't matter unless the team is very close to the lux tax threshold when a couple of 100k will be the difference between sharing tax revenue and paying dollar for dollar into the tax.

Effectively, Chroshere and Hudson are costing the Warriors $770k/year. I do not know if either or both are guaranteed for the season.

by jae on Sep 25, 2007 8:46 AM PDT reply actions

man

i know it's peanuts relative in the NBA, but last time i checked, i came no where near to an annual salary of $770,000 lol

is it wrong to be jealous of even the scrubbiest scrubs of the NBA?

by Anomaly on Sep 25, 2007 9:01 AM PDT up reply actions

naw man...

totally normal...i've been jealous of yinka dare's paycheck for years

by sadleavy on Sep 25, 2007 2:48 PM PDT up reply actions

thanks....

thanks JAE cleared it up for me.

Anomaly,
Heck no it is not wrong to be jealous of the scrubbiest scrubs...think about it...they basically get paid a Sh*tload of money to watch superstars play basketball, with the best seats in the house! lol

by dsham001 on Sep 25, 2007 9:46 AM PDT reply actions

So does a team

have to be under the salary cap or under the luxury cap to take part in the revenue being shared? And isn't that revenue only 2-3 million dollars, seeing as that the luxury tax for the Knicks, Nuggets, Celtics, Mavericks, 76ers, etc. is only about 90 million dollars?

by BingBluNT on Sep 25, 2007 7:50 PM PDT reply actions

yes

Only teams not over the lux tax threshold get a cut of the lux tax take.

Cleveland will be over the cap.
New York is over.
Phoenix is over.
Nuggets
Mavs
Celtics

Even if its a couple mill, that's a big difference, because if ur not GETTING money, it means ur spending money. not getting $4M and spending $4M = $8m swing, so it can affect teams