Truth & Rumors > NBA

Nets tax bill will surpass Raptors' payroll

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07:12 AM ET 08.02 | No one will be able to accuse billionaire Mikhail Prokhorov of not making the financial effort. One of the more entertaining diversions in today's NBA is doing the math on what a simple end-of-the-roster signing can do to the Brooklyn Nets' luxury-tax bill. Before this week's addition of Alan Anderson for a mere $947,907, Brooklyn was over the luxury-tax threshold by $29,515,102 ... which projected to a 2013-14 luxury tax of $82,939,184. Now? Adding Anderson on a minimum deal nudges those figures to $30,463,009 ... and a mind-numbing $87,199,293. So the signing of a player due to make just under $1 million next season will cost Brooklyn more than $4 million in additional taxes under the league's much more punitive tax laws that go into effect this season. See? That was fun, wasn't it?

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Mikhail Prokhorov, Getty Images Mikhail Prokhorov, Getty Images
August 2, 2013  07:26 AM ET

Mafia money baby

August 2, 2013  08:06 AM ET

What happens if Putin puts him in jail?

August 2, 2013  08:20 AM ET

Hey, the guy wants to win. It's not like he worked for it.

Comment #4 has been removed
August 2, 2013  08:44 AM ET

Not every owner have the mindset of this Russian billionaire. He is throwing away money like water. This just puts a lot more pressure on the players and coaches.

August 2, 2013  09:23 AM ET

Boris, get moose and squirrel...

August 2, 2013  09:52 AM ET

Money Talks, Bro.

August 2, 2013  10:27 AM ET

While it is highly unlikely, what would be ironic is if Raptors end up winning more games than the Nets LOL.

August 2, 2013  10:48 AM ET
QUOTE(#8):

While it is highly unlikely, what would be ironic is if Raptors end up winning more games than the Nets LOL.

Raptors will the championship to surprise everybody.

August 2, 2013  10:56 AM ET

Big bucks won't bring home a title.

August 2, 2013  11:05 AM ET
QUOTE(#7):

Money Talks, Bro.

Not all the time Jack. This one will probably not work because of the 3 amigos in Miami...

August 2, 2013  11:32 AM ET
QUOTE(#6):

Boris, get moose and squirrel...

Hey Rocky, watch me pull a rabbit out of the hat.

August 2, 2013  01:30 PM ET

Not exactly a glowing overview. An owner who made a horrible trade (bringing in two grandpapa's) whose legs are very tired for a slew of draft picks. KG and Pierce were a force like 3 years ago. Now, support players. Good luck getting through 82 games, playoff wars with that.

August 2, 2013  02:07 PM ET
QUOTE(#7):

Money Talks, Bro.

Yeah, it does. And sometimes it says, "My previous owner is STUPID!"

August 2, 2013  02:22 PM ET
QUOTE(#12):

Hey Rocky, watch me pull a rabbit out of the hat.

Rocky: Hey, that's not a rabbit!

Bullwinkle: That's not my hat.

August 2, 2013  02:25 PM ET

Not gonna happen. KG and Pearce are too old to be a factor down the stretch and they're not deep enough to make up for that.

August 2, 2013  02:41 PM ET
QUOTE(#9):

Raptors will the championship to surprise everybody.

Finally a believer!

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