Deandre Ayton and Mikal Bridges are able to get paid after three seasons and play key roles in the Phoenix Suns reaching the NBA Finals this year.
It’s just a matter of how the Suns want to do it.
With Devin Booker having one of two designated Rookie Extension slots allocated, the other will likely go to Ayton as he is eligible for a maximum five-year, $ 168 million Rookie Extension. Bridges are in contention for the same overtime, but Ayton being the first pick in the 2018 Draft and after a strong playoffs puts him in a better position to receive that deal.
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The Suns would therefore have to negotiate a deal with Bridges as a restricted free agent and re-sign it using Bird’s rights to maximize the money, or almost.
Combine that with Chris Paul’s four-year deal worth up to $ 120 million and the remaining guaranteed contracts with possible veteran minimums taken into account, the Suns will not only exceed the planned salary cap of 119. million dollars for the 2022-2023 season, but wind up paying “about” $ 63 million in luxury taxes, Calida Taylor, winner of the 2020 NBA TV GM School, told The Republic.
Lawyer and Phoenix resident Taylor won the reality show that subjected five contestants to a series of “high-pressure, analysis-driven challenges that mimic the everyday scenarios an NBA GM faces. “to determine a winner.
Breaking down the Phoenix players’ contracts, Taylor predicts the Suns will exceed the salary cap in the upcoming 2021-22 season, but Taylor is avoiding them a luxury tax as she predicts the franchise will have around 10. , $ 7 million in luxury tax space.
If Ayton gets a maximum extension and Bridges plays his current contract, these new contracts will not take effect until next season.
This is when the luxury tax comes into play.
Taylor says that if Ayton and Bridges both receive maximum money as part of the Suns spending around $ 169 million for the 2022-2023 season, the franchise would exceed the $ 50 million cap, which would take them to pay around $ 63 million in luxury tax.
This also takes into account the first round of 2019 Cam Johnson being in the final year of his four-year contract in 2022-2023 for $ 5.8 million.
If Johnson continues to improve, the Suns will struggle to pay him off with Ayton, Bridges, Paul and Booker unless they continue to work above the cap and pay a luxury tax.
That’s the price to pay for trying to win a championship, something the Golden State Warriors and Brooklyn Nets fully understand.
ESPN NBA front office insider Bobby Marks tweeted that the Golden State Warriors’ luxury tax bill, based on their list on day 3 of free agency, is estimated at $ 185 million.
The Warriors have won three NBA titles (2015, 2017-18) in five consecutive final appearances, but are set to crush the highest luxury tax bill in league history set by the Brooklyn Nets at $ 90.6 million in the 2013-14 season, Marks said. .
The ESPN insider made Brooklyn pay $ 122 million when they failed to reach the final with Kevin Durant, Kyrie Irving and James Harden.
The Los Angeles Clippers will have a luxury tax bill of $ 54 million if they re-sign Kawhi Leonard while the Los Angeles Lakers ($ 36 million), Utah Jazz ($ 29 million) and Milwaukee Bucks ( $ 29 million) also have luxury tax penalties.
They’ve all made the playoffs for the past two years as well, with the Lakers winning everything in the Orlando bubble and the Bucks winning this year’s title beating the Suns in six games after losing 2-0 in the final series of the 7 best. .
The Clippers reached the Western Conference Finals this year beating the Jazz, who had the best NBA records, before losing to the Suns in six games.
Now the Suns are on the verge of having their own luxury tax bill.
Having fans back in the stands at full capacity from start to finish this season after having run out in the midst of the COVID-19 pandemic can help pay for that luxury tax.
The newly renamed Footprint Center, which represents up to $ 245 million in renovation costs, has hosted sold-out crowds throughout the playoffs amid COVID-19 restrictions.
With a seat capacity of just over 17,000, ticket prices are set to rise and with fans keen to see the Suns after such an impressive season, the franchise is going to make a lot of money to help offset the luxury tax. .
Sold out crowds aside, Taylor sees the Suns not only continuing to exceed the cap, but paying a substantial luxury tax to stay in championship or bust mode.
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