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Nets brass talk last year ... and next year ... in Moscow

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Debby Wong-USA TODAY Sports

As NetsDaily first tweeted last night, the Nets top brass spent Monday in Moscow talking both basketball and business with Mikhail Prokhorov and Dmitry Razumov.

Billy King  flew from the NBA Combine to the Russian capital for the meeting, an annual gathering of the Nets board of directors and top management. Also on hand: Irina Pavlova, president of ONEXIM Sports and Entertainment; Brett Yormark, CEO of the Nets and Barclays Center, as well as Fred Mangione, chief operating officer and Charlie Mierswa, chief financial officer.  Three members of the Nets' board live and work in Moscow: James Friel, Managing Director of Rothschild in Russia, Sergey Kushchenko, Prokhorov's chief sports adviser, and Chris Charlier, the Nets former chairman.

Mike Mazzeo tweeted the daylong discussions ended Monday evening.


The board no doubt focused on financial issues, as the team continues to lose money, mostly because of the onerous luxury taxes the Nets pay.  This past season, the tax bill came close to $19 million, a drop from the astronomical $90.6 million bill a year ago. And if the Nets don't get under the luxury tax threshold of $81.6 million next season, they will have to pay the dreaded repeater tax on top of the luxury tax. Since moving to Brooklyn, the Nets have laid out $400 million in payroll and luxury taxes.

The Nets of course are faced with multiple basketball decisions this summer, starting with how much to offer Brook Lopez and Thaddeus Young if they opt out, and what to do with the contracts of Deron Williams and Joe Johnson.  Other issues expected to be on the agenda are the team's plans regarding the Draft, the D-League and the now-delayed Brooklyn training facility.