Latest topics
Who is online?
In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest None
Most users ever online was 18 on Mon Dec 19, 2022 1:18 am
Luxury Tax Setup
Page 1 of 1
Luxury Tax Setup
There will be a luxury tax enforced on teams who have a team salary cap that is over $5,000 at the end of the playoffs. For every dollar between $5,001 and 6,000, the tax will be calculated at a rate of $1 for every $100FF. For every dollar between $6,001 and 7,000, the tax will be calculated at a rate of $2 for every $100FF. (Table B in the league rulebook) So, if you were to max out your salary cap at $7,000 you would owe an additional $30 in luxury tax.
All rookie deals and waiver wire transactions will be cleared out of your cap space on May 1st.
A running salary cap table will be posted on the website so owners can keep an eye on their situation.
Tax can either be taken out of the related season's winnings, or added onto the following season's $50 fee.
Example 1: Used Cap Space = $5,275. 275/100= $2.75 Tax
Example 2: Used Cap Space = $6,535. 1000/100= $10 & 535/50= $10.70 so, 10+10.70 = $20.70 Tax
All rookie deals and waiver wire transactions will be cleared out of your cap space on May 1st.
A running salary cap table will be posted on the website so owners can keep an eye on their situation.
Tax can either be taken out of the related season's winnings, or added onto the following season's $50 fee.
Example 1: Used Cap Space = $5,275. 275/100= $2.75 Tax
Example 2: Used Cap Space = $6,535. 1000/100= $10 & 535/50= $10.70 so, 10+10.70 = $20.70 Tax
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Aug 23, 2015 10:01 pm by Bengalsfan
» Allen Robinson
Sun Aug 23, 2015 10:00 pm by amckay112
» Carlos Hyde
Sun Aug 23, 2015 9:40 pm by amckay112
» Odell Beckham Jr
Sun Aug 23, 2015 9:36 pm by Petey
» Justin Forsett
Sun Aug 23, 2015 9:32 pm by smccue7
» Jason Witten
Sun Aug 23, 2015 7:39 pm by smccue7
» Jonathan Stewart
Sun Aug 23, 2015 7:36 pm by smccue7
» Jordan Matthews
Sat Aug 22, 2015 6:28 pm by amckay112
» Charles Clay
Wed Aug 12, 2015 11:26 pm by smccue7