Methods For Limiting Payroll
In the Big 4 North American sports leagues (Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL), and National Hockey League (NHL)), there are three different methods employed to limit individual teams payroll: hard salary cap, soft salary cap with luxury tax, and luxury tax.
Read more about this topic: Luxury Tax (sports)
Famous quotes containing the words methods and/or limiting:
“How can you tell if you discipline effectively? Ask yourself if your disciplinary methods generally produce lasting results in a manner you find acceptable. Whether your philosophy is democratic or autocratic, whatever techniques you use—reasoning, a “star” chart, time-outs, or spanking—if it doesn’t work, it’s not effective.”
—Stanley Turecki (20th century)
“Do we honestly believe that hopeless kids growing up under the harsh new rules will turn out to be chaste, studious, responsible adults? On the contrary, by limiting welfare, job training, education and nutritious food, won’t we plant the seeds for another bumper crop of out-of-wedlock moms, deadbeat dads and worse?”
—Richard B. Stolley (20th century)