The real number will be calculated using the Clippers' exact salaries - Gordon, for example, was not slated to make exactly $21 million, but rather $20,917,902, per Spotrac.)īetween the reduced tax bill and Gordon's salary, this one transaction could save the Clippers more than $130 million next season. (Yes, there is a slight discrepancy between this figure and the $59 million one that Marks tweeted. As it stands, the first $15 million over the tax will cost them $43.75 million ($12.5 million + $13.75 million + $17.5 million), and the final $3 million over the tax would cost them $12.75 million. That means removing much of the previous paragraph. Wipe Gordon's salary off the books, though, and the Clippers are only $18 million over the tax threshold.
Add all that up, and it's $168.75 million. Their final $4 million over the tax level would have cost them $25 million ($6.25 per dollar). The first $5 million above the tax level would have cost the Clippers $12.5 million ($2.50 per dollar), the second $5 million would have cost them $13.75 million ($2.75 per dollar), the third would have cost them $17.5 million ($3.50 per dollar), the fourth would have cost them $21.25 million ($4.25 per dollar), the fifth would have cost them $23.75 million (4.75 per dollar), the sixth would have cost them $26.25 million ($5.25 per dollar) and the seventh would have cost them $28.75 million ($5.75 per dollar).
Warning: It's about to get extremely math-y. For repeater teams, the tax rates are significantly higher. With Gordon's contract on the books, they would have had a total payroll of approximately $204 million, which is $39 million over the tax threshold of $165 million.įor every $5 million of salary above the tax level, the tax rate increases. How is that possible? The Clippers, perennial big spenders, targets of the new collective bargaining agreement's harsh roster-building restrictions, are in the repeater tax. Shortly after the move was made, ESPN's Bobby Marks noted that it reduced the Clippers' projected tax bill from $169 million to $59 million. 20 in last week's draft and select forward Cam Whitmore. Less than five months ago, they traded guards Luke Kennard and John Wall for Gordon, and in the process surrendered the swap rights that allowed the Houston Rockets to move up from No. The Los Angeles Clippers waived guard Eric Gordon on Wednesday, a strange move in the context of what they gave up to get him.
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