Brooklyn Nets to Pay a Record $90M in Luxury Taxes


Brooklyn Nets owner Mikhail Prokhorov is starting to see how expensive living in BK can be. The NBA announced yesterday what the 2014-2015 salary cap will be set at $63.065 million and the tax level has increased to $76.829 million.  The Nets have $90M committed to their current roster and that does not include the potential re-signing of Paul Pierce.

The Nets heavily invested in making a splash in their inaugural season in Brooklyn and they did see some success with a playoff berth; but they leveraged their future for the present. Even though Prokhorov is uber rich, I don’t think he wants to keep shelling out those greenbacks without seeing some real results on the court. GM Billy King will have to get creative and hope for a healthy Brooke Lopez and Deron Williams.

I am not including Jason Kidd departure as part of the challenges for Brooklyn as this could be an “addition by subtraction” scenario with Lionel Hollins taking over. I believe fans underrate Hollins as coach, the Nets will be in a great place if he can replicate the work he was able to do with the Memphis Grizzlies.


As always….

If there is something to be said, “It’s On Broadway” to step up and say it!!