Placeholder Image

Subtitles section Play video

  • Hey, what's up?

  • Everyone is Draymond green for the Golden State Warriors.

  • Wanna give a shout out and thank you to all the service men and women around the globe.

  • Thanks for everything you're doing for our country and a special shout out to my younger cousin Benny, who just joined the Army.

  • Thank you for all your work that you guys were doing to protect our great country.

  • Thank you, Jamon, and thank you to your cousin as well.

  • Welcome back to the jump.

  • I'm Rachel Nichols joined here in Studio H in Los Angeles by Amino Hasan, Richard Jefferson.

  • And as we discussed it, the top of the show, the MBA and Players Association have reached a deal to begin free agency on November 20th.

  • The regular season starts December 22nd, not a lot of time there.

  • Another important part of that agreement are the new luxury tax rules in place for next season.

  • And here are some of the key points.

  • Salary cap said it 109.1 million luxury tax will be 1 32.6 million.

  • That's all more money than I think any of us deal with.

  • On a daily basis E.

  • Just look at Richard over there.

  • I wasn't sure.

  • Maybe not so.

  • Those are both the same as last season.

  • So that means the league is going to reduce the luxury tax bill for teams at the end of next season.

  • And we'll get that done by decreasing the percentage amount that the league's B R I basketball related income declines from projection.

  • So that's a lot of stuff.

  • But here's an example from Wood and Tim Bontemps.

  • FBR Eye drops 30% from projections next season.

  • Then say the Golden State Warriors projected luxury tax bill would also be reduced by that same amount, 30% from 60 million 2 42 million.

  • And here are the teams in the luxury tax currently the Warriors, the Celtics, the Sixers, the Nets of rockets.

  • So I mean using your front office experience, who are the biggest winners of the new luxury tax rules.

  • And why is that?

  • Answer the Warriors?

  • I'm pretty sure, exactly.

  • It was in alphabetical order on any level, like we know who it is.

  • It's the Golden State Warriors, and it just like they benefited four years ago from a cap explosion.

  • It's not due to any planning.

  • It just happened that way.

  • They lucked out here, and this is an onerous, onerous tax bill that they're looking at, particularly for a team that didn't have quite the splash in the new building that they thought they were gonna have last year.

  • So this is a big, big money savings for them.

  • But again, beyond the financial savings, we had it up on the top of the graphic.

  • You on Lee have a reduced midlevel and your minimum exceptions to go out there and go hunting.

  • So they're the biggest thing about the luxury tax in this new C B A that we've had in the last eight years.

  • Whatever is that?

  • It's not just, hey, give me more money.

  • If you're the league, it takes away mechanisms that you could use to improve your team.

  • Like, for instance, sign and trade as electric tax team.

  • You cannot sign and trade.

  • And so this is a way for the Warriors to yes, save money.

  • But there's still operating with their hands tied behind their back a little bit by the C B A.

  • How many teams on that list did we see with a top five pick just one just like that.

  • That right there again.

  • So even though that they might not, you know there's flexibility, and there's all the time when you have the ability to bring in a top five pick.

  • It doesn't matter what your mid level exception is or your minimum contract is that you consign.

  • You can actually have a friend.

  • You're getting that you could get that on the friendly contract.

  • So, uh, that's what I like about the way the Warriors have positioned themselves.

  • And, like you said, they didn't make the splash that they wanted to.

  • But ultimately everyone is coming back.

  • Everyone's healthy, everyone's rested and they get toe.

  • Add a top five pick in a position that they need help in.

  • Everybody know about Wiseman a little bit, and so that's what makes I think the Warriors, definitely the winner of the situation also them into, I think, the Minnesota If he's the best player, Minnesota, take him, take him.

  • If he's the best player, take him.

  • Don't go for Karl Anthony Towns, sponsor words with Karl Anthony Towns hasn't sniffed the postseason.

  • But go ahead.

  • I will say this about the Warriors So when they were the beneficiary of luck, right in 2016 with the catalytic and Kevin Durant happened to have his contract with Oklahoma City up that summer, etcetera.

  • It didn't have anything to do with the circumstance.

  • In this case, I will say that the reduction in luxury tax happening to benefit them is very directly related to the circumstance they had planned to pay that luxury tax bill with a very beautiful new arena that ownership funded itself did not ask the state of California to pay for from I'm joking.

  • Sorry, e pay taxes and it means something.

  • Just yok that basketball player over there.

  • $750.

  • All I'm saying is that when he bought like, my tax money booth, teams work 400 million, and now the team's worth, like four billion.

  • Where we found the money, the money that they were going to pay.

  • That luxury tax bill is not coming in from fans because the state of California is not letting 20,000 people in that building any time over this next season.

  • So the fact that they're getting some of a break on that due to co vid that they were gonna pay but couldn't pay because of co vid.

  • I feel like at least it's like a t least mashes up more than I agree.

  • I think the Warriors really just needed to catch a break.

  • They did.

  • Thanks for watching ESPN on YouTube for live streaming sports and premium content.

  • Subscribe Thio, ESPN plus.

Hey, what's up?

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it