The NBA offseason was full of intriguing player movement, and although some teams improved dramatically on paper, they will have to shell out considerable cash to flaunt their new-look rosters.
According to CBSSports.com, the NBA has held steady with team salary cap numbers, as well as the luxury tax line, which is set at $70.307 million.
For those unfamiliar with the current luxury tax system, CBAFAQ.com has some great, simple explanations. Among the most important are:
For 2011-12 and 2012-13, teams pay $1 for every $1 their team salary exceeds the tax level. There is no repeater rate.
For 2013-14 teams pay an incremental rate based on their team salary. There is no repeater rate.
For example, if a team's payroll this season is set at $80 million, they would pay somewhere in the neighborhood of $10 million in tax, paying one dollar for each dollar they are over the established luxury tax line.
However, in 2013-14, the tax will take on a different form. Tax rates will be imposed based on how little or how much a team spends over the luxury tax line.
According to CBAFAQ, teams that are anywhere between $0-$4,999,999 will be taxed $1.50 for every dollar over the tax, and rates escalate from there.
In short, it's a good time to be over the luxury tax. But not for long. The 2012-13 rules aren't nearly as harsh as the impending 2013-14 rules will be, and that will certainly have some teams reconsidering their plans next summer.
For now, here are the five teams with the fattest luxury tax bills heading into the 2012-13 season.
Note: All salary cap numbers have been retrieved from HoopsHype.com.