Hoops

New salary cap tax rules in the NBL

Where has the NBL ever said they are distributing the extra money? NEVER.

Lovebroker said "I myself" So 2 people? Cred gone immediately.

There is no salary cap when every player on every team is on $400K.

Right, the details weren't published in an article publicly posted on the NBL website so obviously they didn't exist. Just like Bogut clearly isn't earning a salary next season because no salary figure has been included in any of the news articles about his signing.

I am aware of what the NBL announced.

I myself was excited by the announcement, specifically the removal of the Points Cap, introduction of the soft cap together with the Marquee player rule and the open disclosure of salaries (once values are vetted by a Contract Review Committee).

I was onboard for a luxury tax and the subsequent equalisation payments and I was disappointed when the salaries weren’t disclosed (even after they’d said they disclosed a more veiled version where names were removed).

Did I lose sleep? No…none of what I read amounted to an enforceable undertaking in any fashion, it was a proposal that wasn’t carried through. There were gaps in detail at the time of the release like how much of the taxes would the NBL keep? How much would actually end up with eligible clubs. The release says “Funds accrued in this account will be able to be distributed to Clubs who are struggling to meet the Salary Floor.”, that’s broad and together with contract values open to being interpreted rather than straight up dollar value added even more uncertainty.

Are there even any clubs that didn’t meet the salary floor? If so where is the proof?

At the end of the day, even if the equalisation payments were to eventuate, there were no transparent methods of calculating how much clubs would get, how are they supposed to use blind figures to project future income? The only things they can control is their own generated income and that should be their sole focus.

Relying on unknown amounts of hand outs then complaining that none eventuated is lunacy. That’s not how you conduct an ongoing concern, but hey were are talking about Cairns.

It would also be interesting to know if any of the other salary cap changes originally announced are being implemented as advertised.

e.g., what would have been the average salary spend per team in the season just ended? That is supposed to set the salary cap for next season. If a couple of teams have spent over $2 million and a couple over $1.5 million, the new cap would be $1.5 million or higher. Without knowing what they spent, the above scenario nonetheless seems plausible.

Whatever the new cap will be, how hard will it be for some teams to spend the minimum 90% of that cap (if that's being enforced)? Not singling out regional teams here, either - what can Adelaide afford to spend? What will be the impact on costs for spectators to go to games?

"Yes Mr LK,grow a pair and explain where the luxury tax money has gone."

I would guess that money plus plenty more has gone towards financing the production and broadcast costs

"by the loudest douche bags on these forums."
not quite fair, there are louder ones, and lovvvyyy at least, of posts with his member tag.

Yes Mr LK,grow a pair and explain where the luxury tax money has gone.

http://www.nbl.com.au/news/article/31258-nbl-announces-changes-to-player-contract-salary-rules

Lovebroker - go read the NBL media release entitled "NBL announces changes to player contract & salary rules", dated 30 March 2016. It should still be in the NBL web site's archived news articles.

It's clear and unequivocal that they were changes and not proposals.

No one's asking for a hand out, simply what was promised. Not that difficulf to comprehend.

Larry put the proposal forward to abolish the points system.

The regional clubs accepted it knowing full well that they would be on an uneven playing field in 2016/17

now the regional clubs are suffering from the fallout

Well, that escalated quickly. Did I miss something about immigrants?

Realistically I don't see Cairns/Hawks surviving more than a couple more years. With the way the league is rapidly improving and money being thrown around, if this continues they'll reach a point where they just won't be able to compete (even though I love how they've been competitive with what they've had in recebt years).

Unfortunately I don't see small market teams, particularly ones with small crowds, being in the NBLs future.

A soft cap means there is no cap. No "luxury tax" stuff that was promised. Now we will have 4 yanks playing in a side. How is that beneficial?
The rich will keep spending and the less rich will go under.

I think you'll find that any reasonable person knows that each market differs in terms of generating profits.

Alas when larry rode in on his white horse he promised the regional clubs that if they allowed the big markets to overspend that the regional clubs would receive due compensation the following season.

Then again, i could be just another imigrant turning up on your shores with another sob story

He should have just said from the start
"there is no salary cap. The end".

Found what they are getting in this post:

https://www.hoops.com.au/forum/43183-hawks-owner/#p685763

The last bag for those at home who are slow.

$0.00

How about...you know....generating your own revenue before begging for money?

The answer is likely zero....the equalisation payments never took off the ground as far as the public knows.