2023-24 Salaries led by Warriors at $211M, LA Clips $202M, Mil Bucks $190M and Phoenix Suns $190M. Our Lakers are at $168M. Shouldn’t we have another $40M left?
Here is an interesting Money take.
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January 7, 2024 6 Comments
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No. We are over the cap. We have to send out in salary as much as we take in for the most part. We in theory could sign someone for 4 mil.
We can go over, but we are too cheap.
Those teams are over BOTH luxury tax thresholds, which means they are paying $50M to $150M in taxes on top of those payrolls.
League also just added major competitive disadvantages that those teams will have such as no buyout candidate, sign-and-trades, etc. Lakers won’t pay those huge payrolls and taxes.
New rules have not stopped Warriors, Clippers, Bucks, and Suns though. But Lakers ain’t Yankees, Dave.
Yes!
Lakers are a big market team that operates financially like a small market team.
Yes!