Lest you think the NBA lockout continues solely because the league and players’ union can’t agree on a revenue split, think again. Zach Lowe of SI.com reports that luxury tax reforms remain a sticking point, as the union has bristled at the league’s concept of a graduating super tax that could charge top-spending teams as much as $4 for every dollar they are over the threshold.
NBA Lockout Talks: No Agreement On Luxury Tax System, Either
Lowe reported last week that the sides were discussing other concepts, including one that would disallow teams over the tax threshold to use their mid-level exception in subsequent seasons. Teams typically find themselves over the tax line by using their salary cap exceptions to add players (the L.A. Lakers do this consistently), executing sign-and-trade deals to add free agents and by trading expiring contracts for players with guaranteed, longer-term contracts.
The two sides apparently did not reach a deal on this matter during a 5-1/2 hour meeting on Sunday during which the revenue split was not discussed.
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