soxfan2003 wrote:chrisab123 wrote:It's funny that I'm on a fan forum that has posters who care about Wyc's bottom line concerning the luxury tax. He's already on record as not giving a **** about paying it for a contender. If they trade for George I'm about 90% sure he resigns. It would mean another player is probably coming in as well. Why leave that?
Has Wyc gone on record saying he is willing to lose 50-100 million a year? Maybe he has but I never saw him say that.... Wyc went on record a long time ago about the tax when it was a slap on the wrist compared to today's tax. Celtics were still pretty much break even when they were contending for championships with PP/KG/RA and paying some fairly modest luxury tax.
The Celtics under Wyc's ownership according to what I see with Forbes have never lost significant money in any year I can see. Operating income was just low during the relatively high spending days with a luxury tax that was absolutely nothing compared to today. Operating income seem very good nowadays but that quickly disappears with any significant amount of tax.
I think people are wrong if they think Wyc/his partners are going to sign up to be taking a huge loss. I could see losing around 30-40 million in a year as like a one time thing if a key contract was expiring the next year but I will believe a much bigger loss than that when I see it.
I have never seen it under Wyc and I don't blame the guy for it. He isn't Ballmer or anywhere close and C's don't have Lakers revenue stream. Celtics are a business after all....
There is a chance even the Warriors with a higher revenue stream and their great team lose Iggy and they obviously really want to keep him. But what if some non contender offers him 3-4 years at 20 million a year. Becomes hard to justify so its a game of chicken if Iggy isn't willing to play for a discount/realistic price with Golden State. Warriors can't afford to get into a bidding war for their entire bench.
Luxury tax nowadays is flat out devastating and financially crippling to nearly every team. Most owners don't like to throw money into the toilet but they won't say that to fans.
There is a huge, huge difference between paying a small/modest amount of tax -- I have no doubt that Wyc would pay that for the right team.
Lol right dude. Losing an extra 50-100mil every year that goes up exponentially for repeat offenses kind of takes the fun, and the point of owning a team/business. People on here acting like its monopoly play money
