Nets Spent a Lot, Got Only a Little ... BEFORE This Off-Season's Spree

Onexim

Mikhail Prokhorov's net worth increased $115 million on Thursday...more than anyone else's did, reports Forbes. In the last six weeks, he's committed a third of a billion dollars to the Nets push for a championship. When recently asked by Crain's about an onerous luxury tax tab, he responded, "I am only interested in what will bring us a championship team."

Sounds like the very definition of profligate spending. But Bloomberg Business Week reports he won't have to do much to beat the team's recent record of "smart spending." It ranks the Nets 115th out of 122 professional sports teams over the last five years, before this summer's spending spree!, That's based on wins per dollars spent. Despite having an annual payroll not far below the league average, the Nets on-court success was way below the league average.

The Nets ranked just above the Knicks. Smartest NBA spender? Bloomberg says it's the Lakers. Dumbest? The Timberwolves!

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker