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Warriors Will Pay Tax for Playoff Team?
Posted By HOOPSWORLD On August 2, 2012 @ 6:49 am In All,Headlines,NBA Headlines | No Comments
(Bob) Myers’ cautiousness aside, the Warriors must think so, considering they were willing to go into luxury tax territory — formerly a no-no.
Myers said signing (Carl) Landry and (Brandon) Rush was worth going just over the $70.3 million luxury tax limit (about $400,000). Every dollar the Warriors are over the limit,
they have to pay a dollar penalty. Golden State, though, will have to pay the penalty only if it’s over the threshold on the last day of the season. That gives Myers until the February trade deadline to cut salary and avoid the penalty.
“We’re into the tax, but we have flexibility,” Myers said. “We can go deeper into the tax if we want to. We can find ways to get out. We’ll keep our eye on that. It will probably depend on how we’re doing (on the court).”
Translation: If the Warriors are struggling come February, expect the cost-cutting moves.
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