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2024-5 Luxury Tax Thread

Posted: Wed Nov 21, 2018 4:57 pm
by TheSyndicate
The following table will help you prepare for the luxury tax in 2024-2025. The table below reflects this season's salary cap and the 10% apron. If you fall below the 10% apron, the season does not count against your repeater status.
Amount over CapPctTax2 Yr3 Yr4+ Yr
$1 - $10,956,1270.10000
$10,956,128 - $13,147,3530.1210152331
$13,147,354 - $16,434,1910.1513192939
$16,434,192 - $19,721,0290.1816233547
$19,721,030 - $23,007,8670.2119274155
$23,007,868 - $26,294,7060.2423324864
$26,294,707 - $29,581,5440.2727375573
$29,581,545 - $32,868,3820.331426282
$32,868,383 - $36,155,2200.3336487092
$36,155,221 - $39,442,0580.36415478102
$39,442,059 - $42,728,8960.39466086112
$42,728,897 - $46,015,7350.42516694122
$46,015,736 - $49,302,5730.455773103133
$49,302,574 - $52,589,4110.486380112144
$52,589,412 - $55,876,2490.516987121155
$55,876,250 - $58,067,4750.537695131167
$58,067,476 - $60,258,7000.5583103141179
$60,258,701 - $62,449,9260.5790111151191
$62,449,927 - $64,641,1510.5997119161203
$64,641,152 - $66,832,3770.61104127171215
$66,832,378 - $69,023,6020.63112136182228
$69,023,603 - $71,214,8270.65120145193241
$71,214,828 - $73,406,0530.67128154204254
$73,406,054 - $75,597,2780.69136163215267
$75,597,279 - $77,788,5040.71144172226280
$77,788,505 - $79,979,7290.73153182238294
$79,979,730 - $82,170,9550.75162192250308
$82,170,956 - $84,362,1800.77171202262322
$84,362,181 - $86,553,4060.79180212274336
$86,553,407 - $88,744,6310.81189222286350
$88,744,632 - $90,935,8570.83199234299365
$90,935,858 - $93,127,0820.85209246312370
$93,127,083 - $95,318,3080.87219258325385
$95,318,309 - $97,509,5330.89229270338400

POTENTIAL TWO-YEAR REPEATERS

Knicks
Raptors
Hawks
Pistons
Bucks
Lakers
Rockets

POTENTIAL THREE-YEAR REPEATERS
76ers
Celtics

POTENTIAL 4+ YEAR REPEATERS
Jazz

Minimum Tax Bills*
Knicks - ($40,569,613) - 60 Points (2-year repeaters)

PAID
Hawks - ($58,372,628) - 103 Points (2-year repeaters)
Bulls - ($17,327,704) - 16 Points
Nets - ($22,084,172) - 19 Points
Spurs - ($25,577,832) - 23 Points
Raptors - ($43,134,785) - 66 Points (2-year repeaters)
Wizards - ($26,039,748) - 23 Points
Kings - ($19,201,917) - 16 Points
Lakers - ($22,859,555) - 27 Points (2-year repeaters)
76ers - ($41,461,921) - 86 Points (3-year repeaters)

*Subject to change in the event of additional signings, etc.

Re: 2024-5 Luxury Tax Thread

Posted: Thu Dec 13, 2018 12:42 pm
by WigNosy
Hawks' cap overage: $58.3 million, 2-year repeater.

103 points - paid. viewtopic.php?f=15&t=38&p=61999#p61999

Re: 2024-5 Luxury Tax Thread

Posted: Thu Dec 13, 2018 6:47 pm
by TheSyndicate
WigNosy wrote: Thu Dec 13, 2018 12:42 pm Hawks' cap overage: $58.3 million, 2-year repeater.

103 points - paid. viewtopic.php?f=15&t=38&p=61999#p61999
Brown-noser :D

I'll be posting up bills shortly.

Re: 2024-5 Luxury Tax Thread

Posted: Thu Dec 13, 2018 6:55 pm
by TheSyndicate
OP updated with minimum tax bills

Re: 2024-5 Luxury Tax Thread

Posted: Mon Dec 31, 2018 2:28 pm
by garbageman

Re: 2024-5 Luxury Tax Thread

Posted: Fri Jan 04, 2019 9:50 am
by TheSyndicate
bump - just a reminder to pay your taxes before RFA!

Re: 2024-5 Luxury Tax Thread

Posted: Fri Jan 04, 2019 10:19 am
by RPF

Re: 2024-5 Luxury Tax Thread

Posted: Fri Jan 04, 2019 10:23 am
by Eazy P

Re: 2024-5 Luxury Tax Thread

Posted: Sat Jan 05, 2019 5:36 pm
by Soundwave

Re: 2024-5 Luxury Tax Thread

Posted: Sun Jan 06, 2019 3:34 am
by Xist2Inspire

Re: 2024-5 Luxury Tax Thread

Posted: Sun Jan 06, 2019 7:58 am
by NOLa.

Re: 2024-5 Luxury Tax Thread

Posted: Tue Jan 08, 2019 11:43 am
by TrayWithAnA
Lakers paid
TrayWithAnA wrote: Tue Jan 08, 2019 11:42 am Luxury Tax 2024-25
-27 points (balance 11)

Re: 2024-5 Luxury Tax Thread

Posted: Tue Jan 08, 2019 1:29 pm
by ballsohard
78ers have paid 86 Points
Current Total: 11 Points
Starting Total: 101 Points

Lux Tax: -86

Re: 2024-5 Luxury Tax Thread

Posted: Tue Jan 08, 2019 3:55 pm
by Sources
When the Knicks GM realizes he can't go recommended for paying his tax

Image

Re: 2024-5 Luxury Tax Thread

Posted: Thu Jan 10, 2019 1:49 am
by drkavarga