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Francisco 2.0

Certifiably Surly
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Posts posted by Francisco 2.0

  1. 1 hour ago, zork said:

    It wasn't used.  It was new, not refurbished.

    Who the fuck cares?  He used government employees on government time to help him procure a mattress, among other things.

    I'm assuming you are good with that, given your defense.

     

     

  2. 1 hour ago, Hank Kingsley said:

     

     

    Capitalism!   Team R!  #MAGA!  Blackmail!

    Quote

    Based on decades of research, the resolution says that mother’s milk is healthiest for children and countries should strive to limit the inaccurate or misleading marketing of breast milk substitutes.

    Then the United States delegation, embracing the interests of infant formula manufacturers, upended the deliberations.

    American officials sought to water down the resolution by removing language that called on governments to “protect, promote and support breast-feeding” and another passage that called on policymakers to restrict the promotion of food products that many experts say can have deleterious effects on young children.

    When that failed, they turned to threats, according to diplomats and government officials who took part in the discussions. Ecuador, which had planned to introduce the measure, was the first to find itself in the cross hairs.

    The Americans were blunt: If Ecuador refused to drop the resolution, Washington would unleash punishing trade measures and withdraw crucial military aid. The Ecuadorean government quickly acquiesced.

    But if the Russians want this to go forward.....

     

    Quote

    In the end, the Americans’ efforts were mostly unsuccessful. It was the Russians who ultimately stepped in to introduce the measure — and the Americans did not threaten them.

     

  3. 2 hours ago, ernest_t_bass said:

    That's not the dummy version, lol.

    If a team pays "$150 million tax bill," is that $150 million on top of their salary?  I guess that's the main question I'm asking. 

    Honestly, there's no real easy way to describe this.  But as answered previously, yes....$150 on top of $150.

    The repeater tax is such that the new 3 year deal Grant received from OKC on July 1---3 years, $27 million---is really 3 years, $54 million.  

    The non-repeater luxury tax by itself isn't some huge impediment.  But the repeater version that OKC is in?  Holy Hell.  

     

     

  4. 13 minutes ago, d2o said:

    Reporting it like this is somewhat irresponsible to me.  Borderline tabloid journalism.   Prolly sowing seeds for the next CBA byt the owners.    By the time its time to pay the tax there is almost zero chance they will be carrying that much salary.    Melo will be gone and I wouldnt be surprised if they make another deal to shed a little more salary.

    You are right; if the current roster is still intact next May, the Thunder will owe $150 million in taxes.  That's a big if.

    But....they aren't trading Anthony, because there are no takers, and he has a no trade clause.  They could buy him out, but they still owe taxes.  If they stretch him, they still owe taxes, just at a reduced amount.

    It may not be $150 million this time next year, but due to their repeater status, it could easily get close to $100, assuming Anthony is no longer on the roster next May.  And that $91 million in savings if they were to stretch Anthony?  That's cumulative, not all at once. 

     

  5. 7 hours ago, ernest_t_bass said:

    Can someone please explain to me, in extreme layman's terms, how the tax bill works?

    The league sets a cap level.  For this year, it's just under $102  million or so.  After that, you have a threshold where the luxury tax kicks in.  For this season, the threshold is around $124 million.  Teams can spend between the $102 and $124 figures (yeah, it gets complicated) but once a team crosses the $124 figure, then the luxury tax kicks in.    Also, teams can't bring in a new player unless his contract fits under the $102 figure; exception to this is if a player is brought in under one of the exceptions (Boogie Cousins) and that contract must fit between the $102 and $124 figures.  Exception contracts are limited in duration and amount.

    Also, these two figures ($102 and $124) are slated to go up in coming seasons.

    There are two levels to the luxury tax; repeater and non-repeater.  Take for example the Celtics.  They are working really, really hard to stay under the $124 threshold.  They haven't paid tax in quite some time.  They do realize they are going to cross that threshold in the coming years. 

    Now, the first year they cross the threshold, they will pay a tax.  However....for every year they are over the threshold, after the first year...they are in the repeater level...and that tax rises substantially (edit:  see below).   Currently, there are four franchises at the tax paying level---Warriors, Cavaliers, Wizards and OKC.

    Season Tax Level Taxpaying Teams (amount paid in $millions)
    2017-18 $119,266,000 Cavs ($50.7), Warriors ($32.3), Thunder ($25.4), Wizards ($7.0)
    2018-19 $123,733,000  

     

    Here's the current tax table:

    Amount over tax threshold Standard tax per excess dollar Repeat offender tax per excess dollar
    $4,999,999 or less $1.50 $2.50
    $5 million to $9,999,999 $1.75 $2.75
    $10 million to $14,999,999 $2.50 $3.50
    $15 million to $19,999,999 $3.25 $4.25
    Over $20 million $3.75 + $0.50 per $5 million $4.75 + $0.50 per $5 million

     

    http://www.cbafaq.com/salarycap.htm#Q18

    I was wrong on the conditions for paying the repeater luxury tax:

    Teams pay an incremental tax rate based on their team salary as of the team's last regular season game, and whether the team is a "repeat offender," i.e., whether they were also taxpayers in at least three of the four previous seasons.  

    For example:

    A team with a team salary $12 million over the tax level pays a tax of $21.25 million (the incremental maximum of $7.5 million for $0 to $4,999,999, plus the incremental maximum of $8.75 million for $5 million to $9,999,999, plus $2 million times the incremental rate of $2.50 for $10 million to $14,999,999).

    A team that was a taxpayer in three of the four previous seasons, with a team salary in the current season $4 million over the tax level pays a tax of $10 million ($4 million times the repeater rate of $2.50 for $0 to $4,999,999).

  6. 30 minutes ago, Orca of Peace said:

    Jeff Green only $2.5m? something very wrong when shit players are making 4x that. 

    Every time there is a cap increase in The Association, you have a cadre of franchises that spend money like drunken sailors on a weekend pass.  As the years after the increase passes, some players fall through the cracks due to their contract situation....and when it's time for renewal, there's crumbs left.

     

    Having said that; Jeff Green, when he chooses to play, is worth 4x that amount.   Problem for Jeff Green is he chooses to play so rarely.  

  7. 21 minutes ago, Dutchrudder said:

    That's a really stupid contract for the Suns to sign, especially a year early. We saw this kind of thing with Wiggins last year, there's no reason to sign a player on a rookie deal a year earlier than you have to. Their production could fall, they could get injured, you don't know. It's not worth it to bet on them becoming an all star. 

    It's a move that a GM makes when he thinks he might be out the door in a year or two.  

  8. 10 minutes ago, Aqua Buddha said:

    Maybe I'm late to the game on this but I was reading something about Boogie's injury being worse than most fans think.  (The point was that all the NBA people realize it and that's why there was very tepid interest.)  Supposedly, he won't come back until maybe February and the history of NBA players coming back from an achilles tear is abysmal.  

    If that's the case, let's pump the brakes and props to New Orleans for getting out of that and into a younger player at the same position.

    Yeah, that's the thing.   Dominique Wilkins is the only player that I can think of that came back and played close to the level he was playing at prior to his tear.  

  9. 5 minutes ago, Sbbruin said:


    Wrong. The Lakers have made them obscenely rich.

    You sure about that?

    When Jerry passed, his worth was around $600 million.  He gave each kid 11% of the Lakers, adding up to 66%. 

    Now, the Lakers franchise...sure.  If the Buss family wanted to sell it, it  would make each of them very wealthy.  But until that day happens....

    Link is a few years old, but there is no one on the list with Laker ties:

    https://www.12up.com/posts/2999476-ranking-the-nba-s-19-richest-billionaire-owners

    Again, 1%'ers, sure.  But in the NBA world, they are mid pack...but probably own the one franchise that would sell for the most if it ever hit the market.

     

     

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