Will Mikhail Prokhorov (Nets GM) single handily force the NBA to fix the Luxury Tax?
Brooklyn Nets Starting 5 Contracts for 2013-2014 season (Williams, Johnson, and Lopez's contracts all increase in the 2014-2015 season but I'm not counting that):
Deron Williams: $18,466,130
Joe Johnson: $21,466,718
Paul Pierce: $15,333,334
Kevin Garnett: $12,443,735
Brook Lopez: $14,693,906
Altogether equals a total cap hit (for only the starting 5) of $82,401,823.
The projected Salary Cap for the 2013-2014 Season is: $58,500,000
The projected Luxury Tax threshold for the 2013-2014 Season is: $71,600,000 million
So starting 5 alone, the Brooklyn Nets are way over the Luxury Tax. The Miami Heat's entire team is at a total of $86,464,629. Although if you add just Jason Terry to the equation (he was traded to the Nets as well), that gives the Nets a salary of $87,626,823.
- Darth RevanLv 78 years agoFavorite Answer
Just for the record Prokhorov is the owner of the Nets, Billy King is the GM.
I think Prokhorov is really willing to spend, after this move they positioned themselves on a win now mode. NBA owners should be very wary and very jealous of this Nets owner right now just the capacity to spend. Just Wow!
Hope this helps.