Lakers Will No Longer be Free Spenders?
The NBA lockout appears to be over, but so might the Lakers’ free-spending ways.
The Lakers, often the league leaders in blowing past the luxury-tax threshold, were one of the teams targeted by small-market owners and NBA officials in the proposed collective bargaining agreement.
If players and owners ratify the new deal with a majority vote this week, the Lakers face an incredibly steep tax designed to instill more league parity and less spending by deep-pocketed teams.
League officials aren’t exactly shy about hiding their approval.
“The luxury tax is harsher than it was in the past deal and we hope it’s effective,” NBA deputy commissioner Adam Silver said.