- 29,630
- 1,862
- Joined
- Nov 4, 2003
The agreement is also said to include a relaxation of many of the system issues from the league's Nov. 10 proposal -- issues that led to the union's disclaimer and subsequent lawsuit. The league sought to control spending and improve competitive balance through a highly punitive luxury tax and further spending restrictions to be imposed on taxpaying teams, which the union considered unacceptable. Friday's compromise included the elimination of the smaller mid-level exception for taxpayers, the restoration of sign-and-trade and extend-and-trade transactions, and the removal of the harsher tax penalties for teams that are taxpayers four times in a five-year span.
"It's not the system we sought out to get in terms of a harder cap," Silver said, "but the luxury tax is harsher than it was in the past deal, and we hope it's effective."
"It's not the system we sought out to get in terms of a harder cap," Silver said, "but the luxury tax is harsher than it was in the past deal, and we hope it's effective."
