lilfishi22 wrote:zimpy27 wrote:
If you did nothing you'd be $32m above the tax. Your tax bill would be $200m.
Where are you getting your numbers from? Are you including Maluach, Fleming salaries?
You didn't pay the Micic salary, you only pay Mark Williams salary, which is $6m.
It came down to sending a pick and Jalen Green to the Nets capspace or stretching Beal to save the $33-34m and get out of the tax to reset the repeater.
Numbers were from Spotrac. Just checked again this morning and it's been updated now to include all the rookie signings. The tax bill is now at $156m based on an over the tax threshold figure of $29.7m. Big time number.
There are avenues to bring that tax bill down.
- Trade Grayson/O'Neal = -$3m
- Not do the Mark Williams trade = -$8.1m (that was the team option on Micic)
- Trade down to get Sorber at #12 = -500k
- Beal buy out = -$6.76m
- Replace Richards with a vet min C = -$2m
That would us to an over the tax number of about $9.3m which would get us down to a $28.9m tax bill. I don't know Ishbia and maybe the mandate is zero tax bill but under $30m from $150m+ is a pretty big drop.
The only other big salaries I haven't really mentioned is Green and Brooks. I think you could find a taker for Brooks with a couple million in salary reduction but the bigger fish is Green and finding a team to take him and a good chunk of his salary on. That would be difficult and the incentives would need to be high but I'd certainly consider moving a few 2nds to get off him completely. Is Brooklyn or Utah open to absorbing a material chunk of Green's salary for draft capital?
At $8m over, that's a tax bill of $25m
At $5m over, that's a tax bill of $15m
at $4m over, that's a tax bill of $12m
At $2m over, that's a tax bill of $6m
And if we could've just held out for 2 more seasons, we're in the clear.
As I said, I get it from a financial standpoint, waive and stretching Beal is the easiest path to take to greatly reduce the tax bill and duck the aprons. Based on the KD trade and moves following, it's clear to me now the Beal W&S was not just on the table but was option A, B and C. There were a bunch of moves we made to take on long term salary or keep us from reducing short term salary that suggests the stretch provision was always the path forward. I wasn't expecting to come out of Ishbia's first run at building a contender unscathed but I wasn't expecting stretching a $100m contract as a reality.