ESPN’s Brian Windhorst reports the Nets' official luxury tax payment at an NBA-record $90.57 million. The total only became known this week because the number is based on the league's season-end audit.
In all, the Nets paid more than $197 million in salaries and luxury taxes this past season. Only three other teams had paid more than $90 million in total tax since its inception in 2001.
According to figures from Shamsports.com, Brooklyn’s payroll totaled $102.83 million. "Factor in the $4 million owed to Travis Outlaw because the Nets used their amnesty clause on him, and you get $197.4 million," Mike Mazzeo adds.
As NetsDaily reports, unless things change, the numbers don't get much better for the coming season. ESPN provides the details...
The Nets currently have $90.9 million committed to 11 players: Joe Johnson ($23,180,790), Deron Williams ($19,754,465), Brook Lopez ($15,719,063), Kevin Garnett ($12,000,000), Jarrett Jack ($6,300,000), Mirza Teletovic ($3,368,100), Andrei Kirilenko ($3,326,235), Bojan Bogdanovic ($3,278,000), Sergey Karasev ($1,467,840), Mason Plumlee ($1,357,080) and Marquis Teague ($1,120,920).
That figure does not include Jorge Gutierrez’s non-guaranteed contract ($816,482) or what Markel Brown is likely to sign for next week ($507,336). Nor does it include whatever Paul Pierce gets ... or what a team might deal the Nets in a sign-and-trade for Pierce.
Brooklyn Nets to pay record luxury tax; salary cap set - Brian Windhorst - ESPN
Nets will pay out over $197 M in 2013-14 - Mike Mazzeo - ESPN New York