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Thread: Where does all of the cash go?

  1. #1

    Where does all of the cash go?

    ESPN has an article out about the Nets paying a record $90.57 million into the luxury tax pool. Looking at the numbers, I have to ask, where does the money go?
    http://espn.go.com/nba/story/_/id/11...salary-cap-set

    There were 5 teams that got hit with the luxury tax.

    Nets - $90.57 million
    Knicks - $36.3 million
    Heat - $14.4 million
    Lakers - $8.9 million
    Clippers - $1.3 million

    Total - $151.47 million

    The article says the money is split between the teams, and each team that does not pay luxury tax will get $3 million.

    Hmmm.....

    There are 30 teams in the NBA. 25 who get the $3 million.

    Yep, that is only $75 million, so where does the remaining $76,470,000 go? That is a lot of coin for the NBA coffers.
    "When March Madness spills into April.... that's the gravy!" - Homer Simpson

  2. #2
    There was an article on the Nets a few weeks ago when Kidd joined the Bucks. It indicated that the Bucks received something like $20 million from the revenue sharing pie. Charlotte received even more.

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