latest news in luxury tax

Orlando Magic Trades Tyus Jones to Charlotte Hornets in Strategic Cost-Cutting Move

Orlando Magic Trades Tyus Jones to Charlotte Hornets in Strategic Cost-Cutting Move

Orlando, Thursday, 5 February 2026.
By shedding Jones’ contract, Orlando successfully maneuvers $1.4 million under the luxury tax line, optimizing fiscal health just hours ahead of the league’s trade deadline.