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Luxury Tax

SPORTS
April 20, 2007 | By Joe Juliano INQUIRER STAFF WRITER
It was a ritual of the off-season for Billy King, whether the 76ers made the playoffs or spent the day after the end of the regular season cleaning out their lockers. The Sixers' president and general manager would try to find the right players to take the court with Allen Iverson, the leading scorer and star of the show. But no matter whom he brought to Philadelphia, the fit never was quite good enough to make more than one serious run at an NBA championship. At least this off-season, King can build from a new blueprint.
SPORTS
February 25, 2007 | By David Aldridge, Inquirer Staff Writer
The silence on Thursday was hardly surprising. Despite all the noise in the weeks leading up to the NBA's trade deadline - Pau Gasol is going to the Bulls! Jason Kidd is going to the Lakers! - at the end of the day, we had what we normally have: a few minor deals that will have absolutely no impact on the playoff race or June's draft. Teams are traditionally reluctant to do major deals during the season, fearing that the adjustment period for both incoming and existing players to one another may be too long.
SPORTS
February 4, 2007 | By David Aldridge, Inquirer Staff Writer
He is ready now to admit what he wouldn't on national television, when he was still dreaming of playing for the Lakers, in the city he once said he would walk naked to in order to sign on the dotted line. "I had just gotten off the phone with Phil Jackson," Chris Webber said last week, explaining why he denied what had been accurately reported - that he would play the rest of this season with Detroit, his hometown team. That decision had been made almost as soon as he and the 76ers agreed on the terms of his buyout in mid-January - he would give back about $6.2 million of the remaining $43 million on his contract, the Sixers would get under the luxury tax, everyone would be happy.
SPORTS
November 26, 2006 | By David Aldridge, Inquirer Staff Writer
THE BUZZ Owners make news on revenue The league's omerta was shattered last week, when the Seattle Times published a letter from eight NBA owners - who sounded an awful lot like small-market NFL owners - to commissioner David Stern. The letter is significant, because NBA owners, unlike their brethren in pro football and baseball, have been remarkably disciplined over the years in maintaining their silence on just about every issue. But the Times got somebody to drop the dime, publishing a September letter to Stern signed by Portland's Paul Allen, Memphis' Michael Heisley, Charlotte's Bob Johnson, Utah's Larry Miller, New Orleans' George Shinn, Milwaukee's Herb Kohl, Indiana's Herb Simon, and Minnesota's Glen Taylor.
SPORTS
October 25, 2006 | By Claire Smith INQUIRER STAFF WRITER
By the time baseball's newly agreed upon collective-bargaining agreement expires in 2011, the sport will have enjoyed a historic 16-year run without a divisive strike or lockout. The unprecedented era of peace in the modern game was ushered in before the world's media last night on baseball's biggest stage: the World Series. It was further evidence of how the partnership between management and players has grown as impressively as the game itself in the last four years. Gone was the acrimony that historically marked the beginning, middle and end of past negotiations.
SPORTS
August 9, 2006 | By Joe Juliano INQUIRER STAFF WRITER
The plan looked like a good one at the time. The 76ers entered the off-season armed with a $4.45 million trade exception, hoping it would help them obtain a player, preferably a tough-minded veteran who could provide a spark and get the team back into playoff contention. However, as the expiration date of the trade exception arrives today, Sixers president and general manager Billy King is going to allow it to run out without using it. The team acquired the exception from the New Jersey Nets last August in exchange for Marc Jackson.
SPORTS
December 22, 2005 | Daily News Wire Services
The Yankees were hit with a $34 million luxury tax yesterday and the Red Sox were told they owe $4 million to the commissioner's office. Baseball's biggest rivals were the only teams to exceed the payroll threshold. Noteworthy Elrod Hendricks, who spent nearly four decades as a player and coach with the Baltimore Orioles, died yesterday. He was 64. The cause of death was not immediately known. The Giants acquired outfielder Steve Finley from the Angels for third baseman Edgardo Alfonzo in a swap of former All-Stars who dropped off dramatically last season.
SPORTS
August 18, 2005 | By Joe Juliano INQUIRER STAFF WRITER
Two weeks ago, when he revealed that Willie Green had suffered a knee injury in a pickup game, 76ers president and general manager Billy King talked of needing an alternate plan if Green were to miss a significant amount of time. But now that he knows Green will miss most, if not all, of the 2005-06 season after the third-year guard had his left anterior cruciate ligament reconstructed, King is taking a cautious approach toward a Plan B. "We're going to be patient and try to make the right decision," King said yesterday after the Sixers went through their first rookie and free-agent minicamp session at the Philadelphia College of Osteopathic Medicine.
SPORTS
August 13, 2005 | By Marc Narducci INQUIRER STAFF WRITER
Billy King was clearly choked up, even though the 76ers' president and general manager had made the inevitable move yesterday of putting guard Aaron McKie on waivers. On the day the Sixers showcased their newest acquisition, Steven Hunter, a 7-foot forward and center just signed as a free agent, the mood turned gloomy when King discussed severing ties with McKie. "It's probably one of the hardest days in my whole career because of what he brings to the table as a professional, as a player," an emotional King said after a news conference at the Wachovia Center.
SPORTS
August 10, 2005 | By Marc Narducci INQUIRER STAFF WRITER
Marc Jackson, who was emotional about a return to his Philadelphia roots two years ago with the 76ers, is moving on. The former star at Roman Catholic High and Temple was traded to the New Jersey Nets yesterday for a conditional second-round pick in the 2006 draft. The Sixers also included an undisclosed amount of cash. The Sixers made the move to lighten the potential luxury-tax load and to clear the way to acquire other players. Jackson is slated to earn $4.55 million this season and $4,875,000 next year.
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