Last night the NBA announced that the 2013-14 salary cap will be set at $58.679 million (up from last season’s $58.044). They also revealed that 6 teams will have to pay the NBA luxury tax with the Lakers owing the most at almost $30 million!!! DAMN! That’s just crazy. Check out the report after the jump…
MLB: Yankees Hit With Luxury Tax For 10th Consecutive Year, This The Highest One Yet!
For the tenth consecutive year the New York Yankees will be hit with a luxury tax and this one is pretty steep. Read more after the jump. Shay Marie
NBA: The Miami Heat May Have to Break Up The “Big 3”
We all vividly remember the NBA lockout that shortened the 2011-12 season. It dragged on and on as the two sides argued mostly about money, mainly the owners wanting a larger portion. Also many small market teams wanted more parity within the league rather than just being outspent by the big market teams. In order to achieve this the luxury tax had to be raised. Read more after the jump. Shay Marie
