laitimes

Meji: Cutting and re-signing Parker helped the Green Army save $510,000 in luxury taxes

author:Live it
Meji: Cutting and re-signing Parker helped the Green Army save $510,000 in luxury taxes

Live Bar October 20, according to previous news, the Celtics re-signed Jabari Parker.

Kee Kee Keith Smith said Parker signed a two-year contract with the Green Army last season, which included a salary of $2.28 million for the 2021-22 season. Because Parker remained with the team in the offseason, it triggered a $100,000 deposit on Parker's contract. After laying off Parker and re-signing him, the Celtics will need to pay a deposit of $100,000, but they can reduce Parker's salary cap for the new season to $1.67 million, which can eventually help the Celtics save about $510,000 in luxury taxes.

In the 2020-21 season, Parker averaged 12.7 minutes per game, with 5.5 points, 3.2 rebounds and 0.8 assists.

in Ador