Creative Financing in the NBA, 2011
January 20th, 2012
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| The only beardless picture of Rashard Lewis I could find. It’s a part of him now. |
“Creative financing.” A fun term, one that’s actually employed by financiers and accountants, yet one brought into the world of the NBA when it was used, once, in a pre-emptive justification for one of the least creatively financed transactions of a generation. Nevertheless, even if the man who gave reverence to the phrase isn’t the role model for its usage, creative financing does …
Creative Financing in the NBA, 2010
August 12th, 2010
Last year, I wrote a couple of posts under the heading of “Creative Financing in the NBA.” Inspired by seeing a series of quirky salary techniques that I had not previously seen in my three long and sexless years of compiling NBA salary information, I was inspired to steal Magic GM Otis Smith’s favoured phrase without permission, and use it to describe some of the financial anomalies that the offseason transactions had puked over our spreadsheets. The posts were reasonably …
A Brief History Of Luxury Tax
November 2nd, 2009
The NBA’s luxury tax first came into existence in 2001, the year in which the league’s new escrow system debuted. The escrow system, in layman’s terms, is a system that withholds a certain amount of player’s salaries and puts it into a separate account until the end of the following season’s moratorium. At that point, when the league’s annual audit is done (that’s what the moratorium is for; calculating the numbers), then if the league-wide player salaries exceed a certain …
