The most punitive measures created by the NBA lockout to tamp down high team payrolls won’t come into effect until 2013, according to CBS Sports’ Ken Berger.
NBA Lockout: Higher Luxury Tax, Sign-And-Trade Restrictions Delayed Until 2013 In Deal
The scribe reports that the deal approved by players and league officials Saturday morning delays the onset of the more punitive luxury tax schedule, the repeater tax and the restriction on sign-and-trade deals for teams over the tax threshold until after the next two seasons. That means that teams like the Los Angeles Lakers, Dallas Mavericks and Boston Celtics won't face bills any larger than they've taken in the past in 2012 or 2013.
The one major change that will restrict those teams’ ability to spend in the immediate is a restriction on the use of the full mid-level exception. Those teams will be forced to use a smaller mid-level exception tailored for luxury tax teams unless they drop to within $1 million of the threshold.
Berger’s story has additional details on the deal, and is well worth a read.
See More:
