Nets Will Pay Big This Season – Salary Breakdown

The Brooklyn Nets are building a championship team any way they can and money does not seem to a be a problem. (Thanks Mikhail Prokhorov)

Tuesday evening the league released the salary cap will be $58.679 million and the luxury tax will be $71.748 million in 2013-14.

Nets payroll is currently at $101,263,102 all guaranteed salary $82,939,184 tax = $184,202,286 total.
(Don’t forget to add $4 million going to Travis Outlaw on amnesty – so $188.2 million)

The way the tax system works is below:

In previous NBA seasons, teams paid a $1 for every dollar over the luxury tax.

Next year, teams will pay a $1.50 for every dollar over the tax in the first $4.99 million over the tax level, $1.75 for every dollar between $5 million and $9.99 million over the tax, $2.50 for every dollar between $10 million and $14.99 million over and 3.25 for every dollar between $15 million and $19.99 million.

The tax rate increases another 50 cents for each addition $5 million after $20 million.

Courtesy of HOOPSWORLD

For all salary cap scenarios for any team follow @EricPincus