After paying a staggering $354 million in salary and luxury-tax during the 2021-22 season, the bill for the roster this season is set to tick up to an estimated $372 million per Spotrac.
How much tax is Golden State paying?
Golden State’s luxury tax bill as it stands right now is $147 million, according to ESPN’s Bobby Marks. To put that total in perspective, it helps to know that it’s: $88 million greater than the Brooklyn Nets’ ($59 million) Nearly $36 million more than the rest of the top 10
What happens if you go over the luxury tax NBA?
For every dollar a team spends above the tax threshold, they must also pay some fraction to the league. This system is used to discourage teams from greatly exceeding the tax threshold, with the goal of ensuring parity between large and small market teams.
What is Golden State Warriors payroll?
$215 million
According to Bobby Marks of ESPN, the team already has $215 million in payroll, which will create a $268 million luxury tax to equal $483 million in 2023-24.
How much profit do the Warriors make?
Warriors: Revenue: $258M. Operating Income: $44M.
Which NBA team pays the most luxury tax?
#1 Golden State Warriors | Luxury tax bill: $170.2 million
The Golden State Warriors paid an NBA-record $170.3 million luxury tax bill for their title roster last season. Much of this had to do with the team’s original big three of superstar Stephen Curry and All-Stars Draymond Green and Klay Thompson.
Who pays the most luxury tax in the NBA?
Warriors
Warriors 2022-23 Luxury Tax Payment: $170 million
The Warriors, specifically, are no strangers to the luxury tax system. After racking up an NBA-record $170.3 million tax bill last season on their way to their fourth championship in the last eight years, the Warriors are now at a league-high $170.2 million tax bill.
Which NBA team has no luxury tax?
There are two teams in NBA history that have never paid the luxury tax. Both either were or are called the Hornets. The professional basketball franchises in New Orleans and Charlotte are the only ones with that distinction.
How much do the Yankees pay in luxury taxes?
The Yankees have a tax payroll of $267 million and a projected tax of $9.4 million.
How much luxury tax are the Lakers paying?
Teams over the NBA luxury tax line
| TEAM | AMOUNT OVER LIMIT |
|---|---|
| Los Angeles Lakers | $16.1 million |
| Dallas Mavericks | $14.6 million |
| Denver Nuggets | $10.5 million |
| Portland Trail Blazers | $1.5 million |
Who has the biggest payroll in the NBA?
Golden State
NBA Salaries
| Team | 2022/23 | |
|---|---|---|
| 1. | Golden State | $193,374,102 |
| 2. | LA Clippers | $192,300,473 |
| 3. | Brooklyn | $187,611,872 |
| 4. | Milwaukee | $179,886,120 |
How does the luxury tax work?
A luxury tax is a sales tax or surcharge levied only on certain products or services that are deemed non-essential or accessible only to the super-wealthy. The luxury tax may be charged as a percentage of the purchase price, or as a percentage of the amount above a specified level.
Where does the luxury tax Go NBA?
The luxury tax money, which is the penalty for illegally exceeding the salary cap, is collected by the NBA and then re-distributed equally among teams that did not pay luxury tax.
Can the Warriors afford their team?
Warriors already had the NBA’s most expensive team, but keeping it together could cost over $500 million. The 2021-22 Golden State Warriors weren’t just the most expensive team in NBA history last season.
Is Golden State Warriors making money?
The Warriors are now worth $7 billion, said Forbes, 25% more than last year. The team generated $765 million in revenue and $206 million operating income during the 2021-2022 season, both the most in NBA history.
How much would it cost to buy the Warriors?
Golden State Warriors Reportedly Valued at $800 Million Purchase Price. The Golden State Warriors’ latest business dealing will have owners around the league asking the $800 million question: Since when are teams outside of New York or Los Angeles worth $800 million?
Are Warriors over the salary cap?
These contract extensions have led to the Warriors exceeding their $123 million salary cap. They’ve not just hit the salary cap but have crossed it as they look to win a back-to-back championship.
Is there a limit to NBA luxury tax?
A real-time look at the 2022 tax totals for each NBA team. The current Luxury Tax Threshold is $150,267,000.
What is the Larry Bird rule?
In essence, the Larry Bird exception allows teams to exceed the salary cap to re-sign their own free agents, at an amount up to the maximum salary. To qualify as a Bird free agent, a player must have played three seasons without being waived or changing teams as a free agent.
What NBA players are worth a billion dollars?
Eight years later, he’s done it. James joins Michael Jordan as the only other NBA player who has a net worth of more than $1 billion, though it took Jordan more than a decade after he retired to achieve the feat, according to Forbes.
Do NBA players have to pay for hotels?
Owners also provide the lodging for the players, and this means putting them in four and five-star hotels. With one of the greatest unions in the world behind them, players have ensured that even when they are on the road in a grueling schedule, they are afforded every luxury within reason.