Originally posted on Fox Sports West  |  Last updated 7/9/13
LOS ANGELES With the moratorium on free agent signings over as of 9:01 p.m. PT Tuesday, the NBA has released its salary cap and luxury tax information for 2013-14. The league raised its salary cap just slightly, from 58.044 million last season to 58.679 next. The luxury tax threshold jumped from 70.307 to 71.748. Both numbers had remained constant from 2011-12 to 2012-13. Whats most interesting about Tuesdays announcements is the luxury tax portion of the information. In addition to calculating next seasons threshold, the league also confirmed teams bills from 2012-13. To no ones surprise, the Lakers topped the list of the highest tax bills; according to data obtained by ESPN, the team owes 29,259,739. To put that in perspective, its almost 2 million more than the 27.8 million Kobe Bryant made last year. However punitive that tax sounds, it will only get worse. Starting in 2013-14, luxury tax penalties will become ever harsher, and teams who repeat as taxpayers year after year will be penalized astronomically. According to ESPNs Marc Stein, the 2013-14 Nets as they stand will have essentially the same payroll as the 2012-13 Lakers, and yet their expected luxury tax bill this time next year will be in the neighborhood of 70 million. Both the Lakers and Clippers are poised to pay the luxury tax in 2013-14. It will be the first time in Clippers history that the team will do so.
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