This would put their payroll and tax combination just north of $315 million. Re-signing Brook Lopez, Joe Ingles, and Jae Crowder, while signing two minimum players and their second-round pick to a minimum salary could give the Bucks a tax payment in the $125 million range. They are going to need to re-sign several key free agents if they’re going to have a shot to compete again next season. How deep ownership is willing to go into the repeater tax remains to be seen. If they were in the repeater tax in 2022-23, their tax payment would’ve cost an additional $30 million. This would increase each tax level by an additional dollar, which would significantly increase their penalty even if they have a similar payroll. Because they were taxpayers for three straight seasons, they are set to enter the repeater tax for 2023-24. Ownership went deep into the tax this season paying a franchise record $83 million in penalties. The only other ways they can increase their payroll is by re-signing their own free agents, signing minimum players, and signing the 60th overall selection in this year’s draft. Doing so will eliminate access to their taxpayer mid-level exception and limit their return in trades to 110 percent of their outgoing salaries. Milwaukee also projects to be $16.4 million below the projected second apron but are expected to go over it once they fill up their roster. This makes retaining all of their most valuable free agents a priority this summer. If both players opt out and walk, the Bucks still would project to operate over the cap. This projection includes Khris Middleton and Jevon Carter picking up their respective player options. Milwaukee is heading into the offseason with eight players under contract and just $4.1 million below the projected $162 million luxury tax line. Mike De Sisti, Milwaukee Journal Sentinel
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