Tag #Salary Cap

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cnnespanol.cnn.com

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Sep 4, 07:18

NBA Investigates LA Clippers Over Alleged Salary Cap Circumvention

The NBA is investigating the Los Angeles Clippers following allegations by journalist Pablo Torre of a deceptive sponsorship deal to sign Kawhi Leonard, potentially violating the league's salary cap rules.

NBA Investigates LA Clippers Over Alleged Salary Cap Circumvention

The NBA is investigating the Los Angeles Clippers following allegations by journalist Pablo Torre of a deceptive sponsorship deal to sign Kawhi Leonard, potentially violating the league's salary cap rules.

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What evidence supports these allegations, and what is the current status of the involved parties?

Torre's report cites internal documents and anonymous sources, including a former Aspiration employee, who described a $28 million marketing deal where Leonard received payment without providing any services. Aspiration has since filed for bankruptcy, and its co-founder pleaded guilty to defrauding investors and lenders resulting in over $248 million in losses. The Clippers deny any wrongdoing.

forbes.com

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Aug 30, 16:17

Golden State Warriors Face Roster Crunch Due to Kuminga Contract Standoff

The Golden State Warriors, with only nine players under contract, face a critical roster crunch due to a contract standoff with restricted free agent Jonathan Kuminga, impacting their ability to fill at least five more roster spots before training camp.

Golden State Warriors Face Roster Crunch Due to Kuminga Contract Standoff

The Golden State Warriors, with only nine players under contract, face a critical roster crunch due to a contract standoff with restricted free agent Jonathan Kuminga, impacting their ability to fill at least five more roster spots before training camp.

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What is the primary financial challenge the Golden State Warriors face regarding their roster?

The Warriors are approximately $25 million below the NBA's first apron and nearly $37 million below the second apron. Their primary challenge is signing at least five more players while navigating complex salary cap implications related to Jonathan Kuminga's contract negotiations.

smh.com.au

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Aug 13, 10:18

Giddey's $45 Million NBA Contract Demand Creates Standoff with Bulls

Australian basketball star Josh Giddey is locked in a contract standoff with the Chicago Bulls, demanding $45 million annually while the Bulls counter with $30 million; the dispute reflects the NBA's new two-apron tax system and Giddey's strong performance last season.

Giddey's $45 Million NBA Contract Demand Creates Standoff with Bulls

Australian basketball star Josh Giddey is locked in a contract standoff with the Chicago Bulls, demanding $45 million annually while the Bulls counter with $30 million; the dispute reflects the NBA's new two-apron tax system and Giddey's strong performance last season.

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What is the central issue in Josh Giddey's contract dispute with the Chicago Bulls, and what are its immediate implications for both parties?

Josh Giddey, a 22-year-old Australian basketball star, is in a contract dispute with the Chicago Bulls. He's seeking a $45 million annual salary, while the Bulls offered $30 million. This disagreement stems from Giddey's strong performance last season, where he averaged 21 points, 10 rebounds, and 9 assists after the All-Star break.

forbes.com

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Jul 28, 01:11

NHL CBA Change Increases Tax Burden for Canadian Teams

The new NHL Collective Bargaining Agreement (CBA) limits signing bonuses to 60% of a player's contract, reducing a key tax advantage for players on Canadian teams, who now face higher tax burdens compared to those playing in U.S. states with lower taxes.

NHL CBA Change Increases Tax Burden for Canadian Teams

The new NHL Collective Bargaining Agreement (CBA) limits signing bonuses to 60% of a player's contract, reducing a key tax advantage for players on Canadian teams, who now face higher tax burdens compared to those playing in U.S. states with lower taxes.

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What specific tax advantages did players previously enjoy under the old CBA, and how does the new CBA limit these benefits?

Canadian teams already face challenges competing with US teams in tax-free states. The CBA change further disadvantages them by reducing the tax benefits players previously received from signing bonus-heavy contracts. This increases the cost of acquiring and retaining top talent.

forbes.com

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Jun 13, 16:12

Sixers Weigh Draft Trade, Salary Cap Implications

Facing a tight salary cap, the Philadelphia Sixers are considering trading up to the second pick in the 2025 NBA draft, potentially giving up their third pick and other assets to the San Antonio Spurs to acquire Dylan Harper. This decision could significantly impact their free agency plans and salar...

Sixers Weigh Draft Trade, Salary Cap Implications

Facing a tight salary cap, the Philadelphia Sixers are considering trading up to the second pick in the 2025 NBA draft, potentially giving up their third pick and other assets to the San Antonio Spurs to acquire Dylan Harper. This decision could significantly impact their free agency plans and salar...

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What are the immediate financial implications for the Philadelphia Sixers if they trade up to the second pick in the 2025 NBA draft?

The Philadelphia Sixers are considering trading up to the second pick in the 2025 NBA draft, potentially offering their third pick and other assets to the San Antonio Spurs. This decision hinges on the Sixers' complex salary cap situation and the value of upgrading from the likely third pick to the second pick, which would likely be Rutgers guard Dylan Harper. The additional cost of the second pick could significantly impact their ability to re-sign key free agents.

forbes.com

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Jun 2, 07:10

Knicks Face Crucial Offseason Decisions After Playoff Exit

The New York Knicks face crucial offseason decisions after their Eastern Conference Finals loss, needing to trade Karl-Anthony Towns to create salary cap flexibility and potentially move Josh Hart and Mitchell Robinson to improve their roster.

Knicks Face Crucial Offseason Decisions After Playoff Exit

The New York Knicks face crucial offseason decisions after their Eastern Conference Finals loss, needing to trade Karl-Anthony Towns to create salary cap flexibility and potentially move Josh Hart and Mitchell Robinson to improve their roster.

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What immediate actions must the Knicks take this offseason to address their roster imbalances and improve their championship chances?

The New York Knicks, after an offseason of significant trades, fell short in the Eastern Conference Finals. Their playoff performance, while improved, highlighted roster chemistry issues, particularly the negative net rating when Karl-Anthony Towns and Jalen Brunson played together. This, coupled with Towns's large contract, necessitates an offseason of strategic roster moves.

nytimes.com

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Sep 4, 01:18

NBA Investigates Kawhi Leonard's $28 Million Deal with Bankrupt Company

The NBA is investigating Los Angeles Clippers star Kawhi Leonard's alleged $28 million no-work contract with the now-bankrupt Aspiration, partly owned by Clippers owner Steve Ballmer, amid accusations of circumventing NBA salary rules.

NBA Investigates Kawhi Leonard's $28 Million Deal with Bankrupt Company

The NBA is investigating Los Angeles Clippers star Kawhi Leonard's alleged $28 million no-work contract with the now-bankrupt Aspiration, partly owned by Clippers owner Steve Ballmer, amid accusations of circumventing NBA salary rules.

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What evidence supports and contradicts the allegations?

Supporting evidence includes statements from seven anonymous former Aspiration employees, documents provided to journalist Pablo Torre, and the fact that Aspiration's largest creditor is the Clippers, who claim to be owed $30 million. Contradictory evidence includes the lack of evidence of Leonard promoting Aspiration, despite a previous NBA investigation in 2019 into similar allegations that yielded no findings of wrongdoing by the Clippers.

forbes.com

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Aug 19, 22:17

Manfred Links MLB Expansion to Salary Cap Negotiations

MLB Commissioner Rob Manfred proposed expanding the league by two teams and geographically realigning existing teams, a move he linked to upcoming collective bargaining negotiations with the players' union, particularly concerning a salary cap.

Manfred Links MLB Expansion to Salary Cap Negotiations

MLB Commissioner Rob Manfred proposed expanding the league by two teams and geographically realigning existing teams, a move he linked to upcoming collective bargaining negotiations with the players' union, particularly concerning a salary cap.

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What are the immediate impacts of MLB's potential expansion and realignment on players and owners?

MLB Commissioner Rob Manfred is pushing for expansion and realignment, aiming to add two new teams and reorganize leagues geographically. This would increase jobs for players and reduce travel costs, potentially benefiting both owners and players. However, this proposal is likely tied to negotiations for a new collective bargaining agreement, particularly regarding a salary cap, a long-standing goal of team owners.

forbes.com

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Aug 3, 01:16

Dončić Signs 3-Year, $160.8M Extension with Lakers

Luka Dončić signed a three-year, $160.8 million max contract extension with the Los Angeles Lakers on Saturday, with a player option in 2028-29, maximizing his future earning potential despite a previous trade that cost him over $100 million in potential earnings.

Dončić Signs 3-Year, $160.8M Extension with Lakers

Luka Dončić signed a three-year, $160.8 million max contract extension with the Los Angeles Lakers on Saturday, with a player option in 2028-29, maximizing his future earning potential despite a previous trade that cost him over $100 million in potential earnings.

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What is the immediate impact of Luka Dončić's new contract on the Los Angeles Lakers and the NBA?

Luka Dončić signed a three-year max extension with the Los Angeles Lakers, with a player option in 2028-29. This deal is worth $160.8 million if the salary cap rises by 7% next year, but could be worth up to $165.3 million if it rises by 10%. The deal begins at $49.6 million.

forbes.com

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Jul 2, 16:14

Bucks Waive Lillard, Creating NBA Free Agency Wild Card

The Milwaukee Bucks waived Damian Lillard, a nine-time All-Star recovering from an Achilles tear, to sign Myles Turner, creating a major free agency wildcard and a five-year $22.5 million dead cap hit for the Bucks.

Bucks Waive Lillard, Creating NBA Free Agency Wild Card

The Milwaukee Bucks waived Damian Lillard, a nine-time All-Star recovering from an Achilles tear, to sign Myles Turner, creating a major free agency wildcard and a five-year $22.5 million dead cap hit for the Bucks.

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How does this decision affect the Milwaukee Bucks' salary cap and long-term strategic planning?

This move significantly impacts the NBA free agency market. Lillard's unexpected availability creates a major wildcard, altering team strategies and potentially impacting other players seeking contracts. The Bucks absorbed a long-term dead cap hit in exchange for flexibility.

theglobeandmail.com

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Jun 12, 16:10

NHL Salary Cap Creates Tax Advantage for Some Teams

The NHL's fixed salary cap creates financial advantages for teams in states with no income tax, impacting player compensation and team competitiveness, with potential solutions being explored to level the playing field.

NHL Salary Cap Creates Tax Advantage for Some Teams

The NHL's fixed salary cap creates financial advantages for teams in states with no income tax, impacting player compensation and team competitiveness, with potential solutions being explored to level the playing field.

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How does the NHL's current salary cap structure, which does not account for state tax variations, affect player compensation and team competitiveness?

The NHL's salary cap, fixed at $88 million, doesn't account for varying state income taxes across its teams, creating a financial advantage for teams in states with no income tax. This impacts player choices, as an $8 million player in Florida takes home significantly more than one in high-tax states like Toronto or Edmonton.

smh.com.au

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May 1, 16:13

Demons' Oliver Non-Trade: A Costly Missed Opportunity

In 2024, Melbourne chose not to trade Clayton Oliver to Geelong, despite an offer that could have saved them close to $1 million annually on his contract and potentially netted a valuable draft pick. This decision is now seen as a missed opportunity given Oliver's decreased performance and the club'...

Demons' Oliver Non-Trade: A Costly Missed Opportunity

In 2024, Melbourne chose not to trade Clayton Oliver to Geelong, despite an offer that could have saved them close to $1 million annually on his contract and potentially netted a valuable draft pick. This decision is now seen as a missed opportunity given Oliver's decreased performance and the club'...

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How did Melbourne's internal challenges influence their decision regarding Oliver's trade?

The non-trade highlights a shift in club priorities, with salary cap space gaining recognition as valuable as draft picks, particularly among contending teams. Melbourne's internal issues, including player disputes and leadership challenges, likely influenced their decision to retain Oliver, despite the financial and performance implications.

Showing 1 to 12 of 25 results