Harpring's partly insurance-protected $6.5 million salary will come off the Jazz's current payroll, which before the trade stood at about $82 million — roughly $12 million over the $69.92 million tax threshold.
The remaining $885,000 of Maynor's $1.32 salary comes off the books as well, but its loss will be partly offset by the signing of a new reserve point.
The dollar-for-dollar tax faced by the Jazz, then, is reduced by the amount their payroll has been trimmed.
All of which, even when factoring the insurance payments on Harpring deal, leaves Utah about $10.46 million or so better off than it was before Tuesday.
In essence, total cost of player salary and tax for this season dropped from about $94 million to less than $84 million on Tuesday — and it could keep falling, because they're now less than $5 million over the tax threshold, and could get completely under, and actually get a rebate from the league for doing so, by making another deal or two by the NBA's Feb. 18 trade deadline.
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