The idea of a luxury tax to rein in excessive NBA spending was proposed during the extended 1998-99 NBA lockout. Players wanted to retain "Bird Rights," which allowed teams to go over the salary cap to re-sign players. With no real hard cap in place, the NBA responded by bargaining in a second soft cap of sorts with a luxury tax — a dollar for dollar penalty that would be distributed amongst all non-tax-paying teams at the end of the season, only if the NBA met certain income requirements. It was first instituted in 2000-01, though the NBA didn't meet those requirements, and the tax wasn't collected that year or in 2004-05.
With a new and more punitive luxury tax about to hit in a couple of years, the great Mark Deeks of ShamSports.com (and sometimes The Basketball Jones) has decided to pay tribute to the history of the dollar-for-dollar days, offering up his typically studied answer to the question, "who has paid the most tax?" Actually, we had more than one question heading into this reading, this answered just about all of them, and it's worth pointing out that if you're not using ShamSports as your go-to NBA salary guide and following Mark on Twitter, then you're missing out on quite a bit.
A list of the biggest offenders follows, after the jump.Read More »from Which NBA teams have paid the most in luxury taxes, since the tax was created?