Tag

Luxury Tax

All articles tagged with #luxury tax

sports1 month ago•6 min saved

Mets Put Luis Robert Jr. on Waivers, Prompting Contender Interest

The Mets placed outfielder Luis Robert Jr. on outright waivers, giving the other 29 MLB teams 48 hours to claim him; a claimant would absorb about $4.89 million left on his contract (including a $2 million offseason buyout) and the Mets would gain luxury-tax relief. Robert, 29, has been productive after an injury-plagued stretch, notably posting strong numbers in August to bring his season line to .228/.308/.407 with 10 homers in 214 plate appearances. If claimed, he could play in the playoffs for a new club before the Sept. 1 eligibility deadline; if unclaimed, the Mets are likely to decline his $20 million option in favor of the buyout. This follows a similar move by the Reds earlier this week.

via MLB Trade Rumors|

#luis-robert-jr #luxury-tax #new-york-mets

sports1 month ago•1 min saved

Wizards nab Tre Mann in guard-depth swap for Cam Whitmore

The Washington Wizards acquire Tre Mann and a 2027 second-round pick from the Clippers, plus cash, in exchange for Cam Whitmore, while sending Julian Reese to the Nuggets to be waived. Mann, a 25-year-old shooting guard who averaged 5.5 PPG on 32.3% 3PT with Charlotte last season, has an $8 million cap hit in 2026-27 and a potential $8 million team option for 2027-28. The trade gives Washington added guard depth behind Trae Young, Tre Johnson and Bub Carrington and leaves the roster with 14 standard contracts and one open two-way spot. The move also shifts $2.5 million of Whitmore’s salary into Mann’s, putting the Wizards roughly $8.4 million below the luxury tax for 2026-27.

via Bullets Forever|

#2027-second-round-pick #cam-whitmore #luxury-tax

sports2 months ago•1 min saved

Nuggets Move to Second Apron After Matching Spencer Jones Deal

Denver matched Oklahoma City’s two-year, $12 million offer sheet for Spencer Jones, keeping the restricted free agent and triggering a $68 million luxury-tax hit that puts the Nuggets in the league’s second tax apron. With cap constraints limiting moves, Denver is eyeing a deal for restricted free agent Peyton Watson (possible sign-and-trade) while Jones, who played 64 games as a rookie, averaged 5.5 PPG and 3.3 RPG and contributed in the postseason, supplying depth during injuries.

via Bleacher Report|

#luxury-tax #nba #nuggets

sports2 months ago•7 min saved

Detroit’s Deadline Dilemma: Keep Tarik Skubal or Sell for a Prospect Haul Under the Luxury Tax

Detroit faces a high-stakes July deadline: try to keep Tarik Skubal to chase a postseason run or trade him for a significant prospect haul. The Tigers sit 47-54 on July 22, 6.5 games back in the division, and a favorable upcoming schedule could help, but staying under the luxury-tax line complicates payroll and draft-compensation costs. If they keep Skubal, Detroit will likely need to shed salary by moving veterans or other high-salary players (e.g., Kenley Jansen, Kyle Finnegan) to avoid a harsh tax hit, or absorb a far smaller draft-compensation penalty. If they trade him, they’d pursue controllable young starters from around MLB to plug into the rotation. The decision remains unresolved as the deadline nears, with payroll and post-season odds heavily influencing the path forward.

via MLB Trade Rumors|

#detroit-tigers #luxury-tax #mlb

sports3 months ago•4 min saved

Lakers’ cap space evaporates after free-agent spree, hard cap looms

After a high-spending free-agent run (Walker Kessler, Quentin Grimes, Sandro Mamukelashvili, Collin Sexton) and pending re-signing of Austin Reaves, the Lakers have effectively exhausted cap space, sit near the luxury-tax line, and are hard-capped at the first apron. They hold no cap room or strong trade exemptions, have zero tradable first-round picks, and limited in-season maneuverability, with possible paths forward including waiving-and-stretching a veteran to gain space or pursuing small-salary wings, but wing depth and roster flexibility remain a concern.

via Silver Screen and Roll|

#free-agency #lakers #luxury-tax

sports3 months ago•18 min saved

Draft Night’s Hidden Cash Game: Why Teams Skipped the Late First Round to Save Millions

On a relatively quiet first night of the 2026 NBA Draft, several teams—New York, Denver, Minnesota and Cleveland—moved into the second round to dodge second-apron penalties, trading picks to land cheaper rookie contracts and preserve cap space for re-signings and midlevel exceptions. The strategy aims to avoid expensive penalties and keep payroll flexible, with the second-apron dynamic likely shaping moves through the rest of the week and impacting teams’ ability to retain or replace key players.

via The New York Times|

#luxury-tax #nba-draft #salary-cap

sports3 months ago•4 min saved

Nuggets pivot to cap relief, stacking second-round ammo after draft trade

Denver traded the 26th pick to the Spurs for the 35th pick and two future seconds, then added Santa three more second-rounders (plus their 49th pick) for four total in play. The move gives Denver draft-capital flexibility while battling the second tax apron amid big payrolls (Watson extension and core stars). They may waive Jonas Valanciunas and pursue salary-dump moves, potentially trading Zeke Nnaji to help balance the books. The extra second-round picks could be used as future assets or to land short-term help, with 35th and 49th selections likely to feature sleepers like Isaiah Evans, Maleek Thomas, Henri Veesaar, Baba Miller, and others; the next solid second-round asset could come via a 2033 pick.)

via Mile High Sports|

#denver-nuggets #luxury-tax #nba-draft

sports4 months ago•6 min saved

MLB Moves Toward Salary Cap as Parity Debate Grows

MLB commissioner Rob Manfred acknowledged the luxury-tax system has failed to ensure true competitive balance and signaled openness to a salary cap as labor talks with the players’ union intensify; MLB’s opening proposals seek a hard payroll cap with a floor and higher luxury-tax thresholds, while the union pushes for a soft cap and other financial concessions, all framed around addressing fans’ perceptions of parity ahead of the current CBA’s expiration and ongoing discussions about amateur spending and revenue sharing.

via The New York Times|

#labor-negotiations #luxury-tax #mlb

business4 months ago•5 min saved

Cap Talk Heats MLB CBA Standoff After Owners Meetings

MLB Commissioner Rob Manfred outlined the league’s first formal economics proposal: a $245.3 million salary cap with a $171.2 million floor, a 50-50 revenue split, and escrow to cover underperformance. The MLBPA countered with a plan to raise revenue sharing and set a base threshold around $300 million, preserving the luxury tax but adding a “competitive integrity tax.” Manfred framed the cap as a competitive-balance issue and signaled willingness to consider drastic changes, though stopped short of endorsing a hard cap. With the CBA expiring December 1, an offseason lockout appears likely, and expansion talks remain on hold until a new agreement is in place; the Padres’ sale near $4 billion was noted as a broader context.

via MLB Trade Rumors|

#business #collective-bargaining #competitive-balance

sports5 months ago•9 min saved

Mets lock in Torrens with two-year, $11.5M extension through 2028

The Mets signed catcher Luis Torrens to a two-year, $11.5 million extension through 2028 ($5.75M per year) with up to $2M in bonuses, keeping him in Queens after he filled in for the injured Francisco Álvarez in 2025. Torrens batted .225/.281/.347 in 444 plate appearances for the Mets and appeared in 92 games in 2025, his second-most. He’s valued for defense (Gold Glove finalist in 2025; +11 Catching Runs; 37 of 84 baserunners thrown out since 2024). The deal adds to the Mets’ payroll under a 110% luxury-tax levy, with an estimated $12.65M tax bill, as the club contemplates its 2026 performance and potential deadline moves.

via MLB Trade Rumors|

#catcher #contract-extension #luis-torrens

sports5 months ago•12 min saved

Nuggets at a championship crossroads after playoff exit

Denver’s first‑round exit to Minnesota sets up a high‑stakes summer: the front office must decide whether to chase another title by absorbing a steep luxury‑tax bill or pivot by reshaping the roster with traded veterans. With Jokic and Murray anchoring a core that includes health‑prone Aaron Gordon, the team faces crucial decisions on extensions and contracts (including Jokic’s potential extension and the looming 2027 free agency), while weighing moves for players like Gordon, Cam Johnson, and Peyton Watson and continuing to develop Julian Strawther. Tax constraints limit tantalizing upgrades, making the path forward—whether to stay course or reimage—central to Denver’s championship window.

via The New York Times|

#jamal-murray #jokic #luxury-tax

sports8 months ago•5 min saved

Sixers Ship McCain for Draft Capital in Tax-Saving Deadline Move

The 76ers traded Jared McCain to the Oklahoma City Thunder for a package of future assets (a 2026 first-round pick via Houston, the best 2027 second-round pick among the Thunder/Rockets/Pacers/Heat, plus 2028 second-rounders from Milwaukee and OKC) in a deadline move aimed at dodging the luxury tax. Analysts gave mixed grades (Sixers C; Thunder B; Favale: Sixers D, Thunder A), with debate over McCain's upside and whether selling him was worth the draft capital if Maxey, Edgecombe, or Grimes stay in Philly. The Thunder gain shooting depth, though his fit there is unclear.

via Sports Illustrated|

#draft-picks #jared-mccain #luxury-tax

sports8 months ago•1 min saved

Wizards land Anthony Davis in eight-player Mavericks blockbuster

Dallas trades Anthony Davis to Washington in an eight-player deal that also brings Jaden Hardy, D’Angelo Russell, and Dante Exum to the Wizards, while Dallas acquires Khris Middleton, Malaki Branham, Marvin Bagley III, AJ Johnson, and multiple first- and second-round picks from Thunder, Warriors, Suns, Bulls, and Rockets; the Mavericks shed about $70 million in payroll and drop below the luxury tax. Davis, who is injured, is under contract through 2026-27 with a possible max extension, and Washington adds a star alongside a budding core as it retools around a new core and a top-eight protected 2026 first-round pick.

via theScore.com|

#anthony-davis #dallas-mavericks #luxury-tax

sports8 months ago•4 min saved

Sixers swap McCain for draft capital, unlocking deadline leverage

The Sixers traded Jared McCain to the Oklahoma City Thunder, moving him off the roster to unlock long-term flexibility and convert potential into draft capital. Philadelphia received a 2026 Houston first-round pick, a 2027 second-round pick (the most favorable among Houston/OKC/IND/MIA), and 2028 Milwaukee and OKC second-round picks. The move reduces salary commitments under the luxury tax and gives the front office more maneuverability ahead of the trade deadline as Tyrese Maxey and VJ Edgecombe anchor the backcourt.

via PhillyVoice|

#jared-mccain #luxury-tax #nba-trade-deadline

sports8 months ago•0 min saved

Goldschmidt in Yankees Mix, but Luxury-Tax Hurdles Loom

Paul Goldschmidt remains a potential Yankees target and would likely contribute in a reduced role, but the team’s luxury-tax status requires payroll maneuvering. With questions about Jasson Domínguez’s right-handed bat, Goldschmidt’s strong defense at first base could help, and New York is also weighing right-handed outfield options like Austin Slater and Randal Grichuk.

via nypost.com|

#dominguez #goldschmidt #luxury-tax