Atlanta's trade for Kirk Hinrich did not push them into luxury tax territory, but it did push them really, really close to it. Specifically, their tax number now stands at $70,140,069, a mere $166,932 below the luxury tax. They also have little depth on the wings now, and they have only a 14 man roster, one of whom is the unsuitable Pape Sy. So if one or two players get injured, and they need to bring in some reinforcements, they will now struggle to do so. Indeed, if they want to sign someone to a minimum salary contract for the remainder of the season, they must wait until March 12th until they can do so without becoming luxury tax payers. But then, this is the team with the third highest committed salary in the whole league. They are not fiscally responsible. Oh and additionally, how do they justify giving up both Crawford AND a pick?I suspect the Hawks gave up both Jordan Crawford and a pick because 1) the Hawks really wanted to get rid of Mike Bibby and 2) the Hawks will be interested in any deal that removes a couple million in future guaranteed salaries off the books.
Saturday, February 26, 2011
ShamSports: Tax Payers, Trade Kickers, and Other Deadline Day Bookkeeping
From ShamSports, some details for anyone wondering if/when the Atlanta Hawks could add a 15th player to balance out the roster without paying the luxury tax: