Report KJ Martin Decline Philadelphia 76ers Offer Of 196 Million As….

According to ESPN’s Adrian Wojnarowski, the Philadelphia 76ers re-signed forward KJ Martin to a two-year, $16 million contract on Friday, continuing their summer spending binge. They are now around $178.1 million, significantly over the NBA’s $170.8 million luxury tax level, but still much below the $188.9 million second apron.

The magnitude of Martin’s contract may surprise you, but that’s because to the NBA’s new collective bargaining agreement. There was just one apron under the prior CBA. Teams that were beyond that limit might keep $100,000 in addition to 125% of the pay they sent out in trades. Teams over the first apron are prohibited by the current CBA from keeping even a single dollar in salary that they send out.

Forward KJ Martin was re-signed by the Philadelphia 76ers to a two-year, $16 million contract on Friday, continuing their offseason spending binge, according to ESPN’s Adrian Wojnarowski. They are currently much above the NBA’s $170.8 million luxury tax barrier and nearly at the $178.1 million first annual profit threshold, but they are still far below the $188.9 million second annual profit.

You may credit the NBA’s new collective bargaining agreement if the magnitude of Martin’s contract startled you. There was only a single apron under the previous CBA. Teams exceeding that cap were entitled to reclaim $100,000 in addition to 125% of the money they sent out in trades. Teams over the first apron are not permitted to keep any additional money in salaries from their opponents under the terms of the current CBA.