AGRI Biz

In Bryan Colangelo’s end-of-season address to the media (and indirectly to the fans) he said something most of us were not used to hearing.  The Toronto Raptors had two scenarios for next season in which they would spend $3 million and $7 million over the luxury tax cap. Now, for a team that has played with staying just under the luxury tax line ever since escaping those disastrous contracts they signed in hopes of retaining Vince Carter, that was news. Or was it? Staying under the luxury tax line is very compelling to teams focused on making the most money with the least risk. First teams save the dollar-for-dollar tax that is paid to the league for each dollar in salaries above the tax line. Second your team is entitled to a share in the luxury tax monies received ...

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Article written by Stephen Brotherston