In the NBA, there are soft salary caps where teams may avail of exceptions to exceed limits but a luxury tax is imposed if so-called aprons are breached. The formulas of exceptions are complicated and the computation of a luxury tax is just as complex. A player may negotiate a contract with no individual cap but the restriction is the team’s salary limit of $136 million this season. Among the NBA’s 30 teams, only three are paying under the cap – Charlotte, Orlando and Indiana, meaning 27 franchises are exercising exceptions or paying the luxury tax to the league.
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The PBA has adopted several rules from the NBA playbook but it’s far from a one-way street. When the NBA instituted the play-in system two years ago, it introduced the double-chance system which is actually the twice-to-beat advantage that’s been long in effect in the PBA. And when the NBA rolled out the in-season tournament this year, it brought in the concept of the quotient which has also been an age-old practice in breaking ties in the PBA.
THE PNP has enforced the six-month suspension order against PNP Internal Affairs Service (IAS) Inspector General Alfegar Triambulo, who was suspended without pay by the Ombudsman over a sexual harassment case.
A FORMER commissioner of the Energy Regulatory Commission (ERC) said power distributor Manila Electric Co. (Meralco) should refund its customers P150 billion and cut power rates after the government regulator re-computes its weighted average cost of capital (WACC).
A FORMER commissioner of the Energy Regulatory Commission (ERC) said the Manila Electric Company (Meralco) should refund its customers a total of P150 billion after regulators re-compute its weighted average cost of capital (WACC).
MANILA, Philippines — The Office of the Ombudsman has ordered the six-month suspension without pay of lawyer Alfegar Triambulo, inspector general of Philippine National Police-Internal Affairs Service (PNP-IAS) in connection with a sexual harassment complaint filed by his subordinate, a certain Genevieve Lipura.
A COMPLIANCE audit on the Clark International Airport Corp. (CIAC) has flagged the procurement of 22 desktop and laptop computers in August and December 22 for “contract splitting” and excessive cost per unit of the 12 laptops purchased without public bidding.