Tag: Luxury Tax

So That’s Why The Bulls Couldn’t Sign Ben Gordon

8 July, 2009 (10:00) | Basketball, Chicago Bulls | By: Stormin' Norman Disciple

The NBA came out with its new salary cap numbers yesterday.  Basically the cap is set at $57.7 million (down a bit from last year) and the luxury tax number is $69.92 million.  That means for every dollar a team goes over the luxury tax number, they must pay a dollar for dollar penalty.  As [...]