Post by CC06 on Sept 6, 2022 13:57:49 GMT -5
The table above details how much money will come out of your team bank account for every dollar you're over the luxury tax in a given season. This money comes directly out of your team bank account. Please remember that if your bank account goes negative, all of your team's draft assets will be frozen (you can't trade them until you're under the tax) and sold off at the appropriate year to help recoup negative funds. Two points of clarification:
1) Any draft assets acquired while your bank is negative are also frozen.
2) If your bank balance becomes positive in the middle of the draft while your picks are being auctioned off, they will not return to you, but you can choose to bid on them to get them back with your new money if you choose.
One point of clarification: a "repeat offender" means you have paid the tax in three of the past four seasons (not counting the current season).
Please feel free to reach out if you have any questions.