The Golden State Warriors and Los Angeles Lakers mixed to pay greater than $88 million in income sharing receipts to smaller-market groups for the 2021-2022 season, in keeping with a memo obtained by ESPN on Friday.
Eight extra larger-market groups — together with New York, Boston, Chicago, Dallas, Philadelphia, Miami, the LA Clippers and Brooklyn — delivered a further $75.6 million in income sharing to smaller-market groups, the memo mentioned, bringing the full quantity from the ten groups to $163.6 million.
There have been 20 groups gathering a complete of $404 million in income sharing that additionally included a further $240 million in luxurious tax funds, in keeping with the memo.
The Warriors paid a further $170 million in luxurious tax funds, and the Lakers one other $45 million in tax as a part of the league’s punitive penalty for exceeding the wage cap.
The Indiana Pacers acquired probably the most in income sharing receipts — $42.2 million — together with the Denver Nuggets ($35.5M), Portland Trail Blazers ($32M), Charlotte Hornets ($31.6M), Sacramento Kings ($29.9M), New Orleans Pelicans ($28.9M), Memphis Grizzlies ($28M), San Antonio Spurs ($26.3M), Minnesota Timberwolves ($25.6M) and Orlando Magic ($23.4M), Detroit Pistons ($21.5M) and the Cleveland Cavaliers ($19.9M).
Underneath the phrases of the NBA’s collective bargaining settlement, 50% of the league’s luxurious tax funds are delivered into income sharing. The NBA complete tax of $481 million accounted for the $240 million shared with the ten non-tax-paying groups, which additionally included the Oklahoma City Thunder ($17.5M), Utah Jazz ($11.7M), Atlanta Hawks ($10.8M), Washington Wizards ($7.2M), Milwaukee Bucks ($6.7M), Toronto Raptors ($2.1M), Phoenix Suns ($1.6M) and Houston Rockets ($931,000), in keeping with the memo.
ESPN’s Bobby Marks contributed to this report.
