Present position:Suns set to have NBA's first half >>Text
Suns set to have NBA's first half
Credit Card Protection Policies695Have read
About Suns set to have NBA's first half-billion-dollar payroll in 2026 after re-signing Royce O'Neale, per...
Suns set to have NBA's first half-billion-dollar payroll in 2026 after re-signing Royce O'Neale, per report
Phoenix is projected to pay roughly $526 million for its roster during the 2025-26 season
By Sam Quinn • 3 min readRoyce O'Neale had the Phoenix Suns over a barrel the moment they traded for him at February's deadline. Because of the CBA's new second apron, Phoenix was always going to enter this offseason with no means of paying external free agents more than a minimum salary. They could either meet O'Neale's salary demands or lose him for nothing after paying three second-round picks and a (secondhand) first-round swap to get him. And so, they reportedly extended him for $44 million over four years on Saturday, according to ESPN's Adrian Wojnarowski. Another key 2024 free agent, Grayson Allen, had the Suns in the same position during the season. He extracted a four-year, $70 million extension out of them then.
The result of the aggressiveness of the new owner, Mat Ishbia, is an absolutely historic payroll. Assuming they fill their three final roster spots with veterans on minimum salary deals and make no other changes, Phoenix will enter next season with the second-highest combined payroll ever and a luxury tax bill at roughly $389 million, according to Yossi Gozlan's projections, only trailing last season's Golden State Warriors at $394 million. Don't worry, fans of historic spending. Next year'sSuns will blow those Warriors out of the water. Let's take a look at Gozlan's projection for Phoenix's 2025-26 balance sheet.
What's even crazier is the Phoenix Suns 2025-26 payroll projection. Their payroll and tax are projected to exceed $500 million next season.
— Yossi Gozlan (@YossiGozlan) June 29, 2024
That's because starting next season, tax rates increase by an additional $1 after the third tax level. Also, they'll be entering the… https://t.co/AvpUnO3JAZ pic.twitter.com/yEDPpo26Hk
No, your eyes aren't deceiving you. If Phoenix goes into the 2025-26 season with the 10 players it currently has under contract (which includes a team option on David Roddy) along with four veteran's minimum deals, they would be paying nearly $526 million in total salary and luxury taxes. That would make the 2025-26 Suns, barring some other team's surprise move ahead of them in the short-term, the NBA's first half-billion-dollar team.
So, why would the Suns be so expensive? As Gozlan notes, starting in the 2025-26 season, the luxury tax formula is going to change in a way that punishes repeat payers and teams that spend deep into the tax far more than the old system does. The Suns obviously check both boxes. The tax is calculated on a tiered basis. Essentially, the deeper you go into the tax, the more taxes per dollar above the tax line you have to pay.
Tags:
Reprinted :Welcome friends to share to the network, but please explain the source of the article“Credit Card Protection Policies”。http://aqntz.feilaokan.com/vkc1c42.html
Related articles
Art of the shirt swap: Why do football players do it and whose is most valuable?
Suns set to have NBA's first halfHaaland, Acerbi and the art of the shirt swapImage source, Getty ImagesImage caption, Inter Milan...
Read more
Jamie Gittens: Who is Borussia Dortmund and England winger?
Suns set to have NBA's first halfWho is Dortmund's new English star Gittens?This video can not be playedTo play this video you n...
Read more
Where to watch Team USA vs. Germany: TV channel, game time, live stream, odds for exhibition
Suns set to have NBA's first halfWhere to watch Team USA vs. Germany: TV channel, game time, live stream, odds for exhibition...
Read more
Top Article
- Scott Matlock is the NFL’s Travis Hunter with versatile role
- Splinter Cell Animated Series Trailer Reveals First Look at Liev Schreiber's Sam Fisher
- God of War Ragnarok Finally Adding Option to Tone Down Puzzle Hints, But Only on PC for Now
- 2024 RBC Heritage: Predictions, expert picks, odds, field rankings, golf best bets for Harbour Town
- How Senators went from preseason playoff darlings to NHL's basement before the All
- Big Ten Media Days 2024 schedule, dates: Expanded list of coaches set for three
Latest News
John Calipari closing in on deal with Arkansas: Ex
Who is Jack Fox? Meet the Lions punter known for converting fake punts
ACC approves helmet communication technology, in
Arizona State making progress in negotiated resolution with NCAA over alleged recruiting violations
Another Saudi signing? Cristiano Ronaldo pushing Al
College football polls: Updated AP Top 25, Coaches Poll rankings after Week 3