Posts Tagged ‘Luxury tax

Canadian Junior Women’s team doing well; NBA luxury tax teams revealed

- July 24th, 2011

Nice to see Canada’s Junior Women’s team playing very well at the FIBA U-19 World Championship for Women.

The ladies went undefeated in the first round claiming top spot in Group A. The top three teams from each group (12 in total) will meet in the next round and the top eight will go to the quarterfinals. The tournament resumes on Monday.

In NBA news,it was revealed this weekend that the Dallas Mavericks once again paid the luxury tax – this time they got a championship for their troubles. The Los Angeles Lakers and Orlando Magic also had to pay about $20 million U.S.

The New York Knicks actually avoided paying the tax for the first time in more than a decade.

Orlando is in terrible shape. The team has spent a ton in order to appease Dwight Howard but has a terrible roster and is nowhere close to being a contender so everybody expects Howard to leave as a free agent, unless the new CBA helps Orlando keep him.