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Old 12-10-2012, 11:14 PM   #16
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Default Re: Luxury Tax May Force Heat to Breakup

I don't get why star players can't just get less money and save cap space, while the owner pays the rest under the table with bonuses or whatever. Just wire the money to his bank account and pay 12 million instead of 15-20 million.
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Old 12-10-2012, 11:18 PM   #17
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Default Re: Luxury Tax May Force Heat to Breakup

Quote:
Originally Posted by Graviton
I don't get why star players can't just get less money and save cap space, while the owner pays the rest under the table with bonuses or whatever. Just wire the money to his bank account and pay 12 million instead of 15-20 million.

I don't doubt it's happened, but the punishment for this sort of thing would be huge. See Timberwolves/Joe Smith. Serious Sanctions.

Something similar happened here in our football league this past offseason. The team was stripped of draft picks for the next 2 years. Lost out on the players they would have received back in a trade for said player, and said player has to sit out half of the next season on a suspension.
F*ck the Crows.

Last edited by SevereUpInHere : 12-10-2012 at 11:21 PM.
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Old 12-10-2012, 11:18 PM   #18
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Default Re: Luxury Tax May Force Heat to Breakup

Quote:
Originally Posted by Graviton
I don't get why star players can't just get less money and save cap space, while the owner pays the rest under the table with bonuses or whatever. Just wire the money to his bank account and pay 12 million instead of 15-20 million.

lol. That's called salary circumvention, and there's is serious penalties for such. Familiar with the Joe Smith fiasco, and the Timberwolves? Google it.
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Old 12-10-2012, 11:21 PM   #19
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Default Re: Luxury Tax May Force Heat to Breakup

If so, then where does Lebron go?
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Old 12-10-2012, 11:28 PM   #20
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Default Re: Luxury Tax May Force Heat to Breakup

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Originally Posted by PJR
lol. That's called salary circumvention, and there's is serious penalties for such. Familiar with the Joe Smith fiasco, and the Timberwolves? Google it.
If you are a billionaire owner with connections, I am sure there is a way to set up an offshore account that can't be tracked or discovered. The player just needs to keep quiet.

There are banks and corporations evading taxes from the US government, I am sure an owner with power can avoid the almighty NBA Association. If Putin decided to buy a team, he would make Stern and all his buddies tremble in fear.
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Old 12-10-2012, 11:33 PM   #21
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Default Re: Luxury Tax May Force Heat to Breakup

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Originally Posted by secund2nun
If so, then where does Lebron go?

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Old 12-10-2012, 11:35 PM   #22
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Default Re: Luxury Tax May Force Heat to Breakup

They'll opt out of their contract and take lesser money. duh
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Old 12-10-2012, 11:35 PM   #23
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Default Re: Luxury Tax May Force Heat to Breakup

D-Will
LeBron
Lopez in 2014.
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Old 12-10-2012, 11:38 PM   #24
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Default Re: Luxury Tax May Force Heat to Breakup

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Originally Posted by It's A VC3!!!
D-Will
LeBron
Lopez in 2014.

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Old 12-11-2012, 03:32 AM   #25
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Default Re: Luxury Tax May Force Heat to Breakup

Lebron to the Clippers to join CP3 and Blake Griffin for an even more stacked new superteam.
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Old 12-11-2012, 04:50 AM   #26
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Default Re: Luxury Tax May Force Heat to Breakup

fuck the Luxury Tax ...there should only be 2 teams in the league...Lakers and Heat ....... ..........
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Old 12-11-2012, 04:52 AM   #27
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Default Re: Luxury Tax May Force Heat to Breakup

Quote:
Originally Posted by Graviton
I don't get why star players can't just get less money and save cap space, while the owner pays the rest under the table with bonuses or whatever. Just wire the money to his bank account and pay 12 million instead of 15-20 million.
This sort of thinking cost the T-Wolves 7 years without a 1st round draft pick, and also gave KG some gray hairs.
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Old 12-11-2012, 05:20 AM   #28
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Default Re: Luxury Tax May Force Heat to Breakup

Quote:
Originally Posted by Graviton
If you are a billionaire owner with connections, I am sure there is a way to set up an offshore account that can't be tracked or discovered. The player just needs to keep quiet.

There are banks and corporations evading taxes from the US government, I am sure an owner with power can avoid the almighty NBA Association. If Putin decided to buy a team, he would make Stern and all his buddies tremble in fear.

well if you are getting paid under the table, you are evading the IRS as well, since you wouldnt be paying taxes on your salary. so you wouldnt just have the nba sniffing around, the irs would be after you too.
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Old 12-11-2012, 06:51 AM   #29
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Default Re: Luxury Tax May Force Heat to Breakup

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Originally Posted by Real Men Wear Green
I would normally agree but 140 mil plus? All that money may make Arison to tell Riley to move one or two of those stars. No NBA team has ever been nearly that expensive.
Knicks 2006 $117 mil, without taxes. 23 win, those were the days.
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Old 12-11-2012, 07:04 AM   #30
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Default Re: Luxury Tax May Force Heat to Breakup

lebron and melo pairing would be epic

they were balling together in the olypics
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