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For according to individuals with knowledge of the complex proposal that featured floating thresholds based on overall payroll levels and tax rates designed to escalate dramatically for clubs repeatedly in the top third-to-half of the league spenders, teams with annual payrolls in the $33-35M range would have faced $200M in payroll taxes over the six-year term of the CBA — and forfeiture of three first-round draft picks, as well.
Indeed, as those who spent all of Thursday night analyzing the out-of-left field proposal — that also featured a hard cap upper and lower per-team number based on revenue — figured it, either two-thirds of the league would have been catapulted into the highest tax bracket by the middle of the CBA, or no team would have dared to spend more than $28-30M on payroll.
For according to individuals with knowledge of the complex proposal that featured floating thresholds based on overall payroll levels and tax rates designed to escalate dramatically for clubs repeatedly in the top third-to-half of the league spenders, teams with annual payrolls in the $33-35M range would have faced $200M in payroll taxes over the six-year term of the CBA — and forfeiture of three first-round draft picks, as well.
Indeed, as those who spent all of Thursday night analyzing the out-of-left field proposal — that also featured a hard cap upper and lower per-team number based on revenue — figured it, either two-thirds of the league would have been catapulted into the highest tax bracket by the middle of the CBA, or no team would have dared to spend more than $28-30M on payroll.