Celtics co-owner: Team will exceed tax line if it will ‘help win a championship’
Steve Pagliuca isn’t concerned about this summer’s salary cap adjustment.
The Celtics co-owner is even willing to exceed the luxury tax line of $119.266 million, if he feels it will help his team “win a championship.”
Pagliuca told The Boston Herald last week in Las Vegas that the NBA is going “back to the future” in regard to salary cap, and that teams and owners will have to now “work hard for cap space.”
“There was a time when teams had lots of cap space with the increase in revenues,” he said in the interview. “Now we’re entering a period where cap management becomes imperative.”
The salary adjustment from this summer, which will immediately go into effect for the 2017-2018 season lowers the cap to $99.093 million. The Celtics, who signed All-Star free agent Gordon Hayward to a four-year, $128 million dollar deal this offseason, have already had to trade their starting shooting guard to account for what will be owed to Hayward. They will also be on the hook for contract decisions for Isaiah Thomas and Marcus Smart next summer.
Pagliuca isn’t guaranteeing that his team will go over the tax line, but remains that he wants his team to have the best chance at annually competing for a championship.
“I don’t know if it’s inevitable,” he said. “But, if we feel it’s going to help us win a championship, then we will. We have a history of doing what we need to do to win.”
Full article @ Celtics co-owner: Team will exceed tax line if it will ‘help win a championship’
Source: GreenStreet Blog