You don't think we will try to reset the luxury tax in 2-3 years?
If we don't, Henry will be facing mega taxes at multiplied rates and possible lowering of draft picks as well.
I'd love to be wrong on this, but I'm thinking we try to reset after 2020. It could happen after next year, but I think we shoot for 2 more ring opportunities, before the spending will be checked for at least a year.
One big issue is that Betts & JBJ reach free agency in a winter that might be chosen as the "re-set winter," so that would be very difficult, unless we try not to sign anybody to big money for more than 2 years this winter.
I hope I'm wrong, but I also do not want to hear people telling me my team's owner bought rings. I'm not sure Henry wants to be viewed that way either.
BTW, I don't think anyone that doesn't think we are going to hit a wall (financially or otherwise) in 2-3 years is being "unrealistic," and in light of Henry spending (this year) like he never has before, maybe it's me being unrealistic to think Henry won't do whatever it takes to remain competitive for as long as he is the owner, but until I see it happen, I'm thinking we will reset after 2020.
A club exceeding the Competitive Balance Tax threshold for the first time must pay a 20 percent tax on all overages. A club exceeding the threshold for a second consecutive season will see that figure rise to 30 percent, and three or more straight seasons of exceeding the threshold comes with a 50 percent luxury tax. If a club dips below the luxury tax threshold for a season, the penalty level is reset. So, a club that exceeds the threshold for two straight seasons but then drops below that level would be back at 20 percent the next time it exceeds the threshold.
Clubs that exceed the threshold by $20 million to $40 million are also subject to a 12 percent surtax. Meanwhile, those who exceed it by more than $40 million are taxed at a 42.5 percent rate the first time and a 45 percent rate if they exceed it by more than $40 million again the following year(s).
Beginning in 2018, clubs that are $40 million or more above the threshold shall have their highest selection in the next Rule 4 Draft moved back 10 places unless the pick falls in the top six. In that case, the team will have its second-highest selection moved back 10 places instead.