What luxury tax? Nets new payroll massive because owner not concerned.

25 Comments

Let’s run through the Nets starting five and their salaries for next season:

Point guard Deron Williams, $17.2 million; shooting guard Joe Johnson $19.8 million; Gerald Wallace $9 million; Kris Humphries $12 million; Brook Lopez $13.7 million.

That is $71.7 million, not counting incentives some players may hit. That is with a salary cap of $58 million and a luxury tax threshold of $70.3 million. That’s not counting Mirza Teletovic at $3 million, Reggie Evans at $1.6 million, MarShon Brooks at $1.2 million or any salary from the other six or so guys needed to fill out the roster.

And every one of those starters will make more next season.

There is a new luxury tax looming in a couple years, a punitive one that has teams scared. The more over the tax line you are, the higher the tax rate. If you’re over the tax line three years in a row, you pay fines on top of the tax. Look at it this way, the Lakers $16 million dollar-for-dollar tax this season would have cost them $52 million in 2015.

Nets owner Mikhail Prokhorov doesn’t care. The Russian billionaire made more money in interest since you started reading this article than you will all year. Plus for him, owning the Nets is part of a larger real estate deal around the arena — the Brooklyn Yards project — that will make him a lot more money. If the Nets are a draw but a loss-leader in that equation, so what?

Prokhorov knew he needed a better team to open the Barclay’s center and told GM Billy King to go out and buy one.

You can justify each an every one of these signings individually. Williams is one of the best point guards in the league and the team’s franchise player. Johnson is still an All-Star point guard and his level of talent was needed to make sure Williams didn’t bolt for Dallas. Gerald Wallace is pretty good at both ends of the floor. The Nets needed a big man and Lopez had other teams ready to step in and give him a max deal, so to keep him that was the price.

As for Humphries, yes he is overpaid at $12 million a year but with a short two-year deal he is still a trade chip the Nets can try to use to get Dwight Howard after Jan. 15 (the soonest they can move any of the players they re-signed this summer).

But man, together that is one healthy tax bill coming due. That new, harsher CBA and luxury tax really only matter if an owner is concerned about the bottom line of that team by itself. Prokhorov is in it for a bigger picture.

Nets’ national anthem singer kneels to finish performance

Getty Images
5 Comments

NEW YORK (AP)—  The national anthem singer at the Brooklyn Nets’ home opener took a knee at the end of her performance.

Justine Skye was nearing the completion of the song Friday night when she went to one knee for the finish. There were some cheers, but appeared to be more boos from the crowd at Barclays Center to see the Nets play the Orlando Magic.

NBA players have continued to stand during the playing of the anthems, as required by league rule.

Mavericks’ rookie guard Dennis Smith Jr. misses game with knee swelling

Getty Images
Leave a comment

DALLAS (AP) — Dallas Mavericks rookie point guard Dennis Smith Jr. missed Friday’s game against the Sacramento Kings with swelling in his left knee.

Smith, the ninth pick in the NBA draft out of North Carolina State, had 16 points and 10 assists in the Mavericks’ season-opening loss to the Atlanta Hawks.

Smith participated in the Mavericks’ shootaround on Friday morning and was a late scratch. It is not known if Smith will play Saturday for Dallas.

The Mavericks were also missing guard Devin Harris, who was granted leave of absence after his brother died on Thursday.

Watch Lonzo Ball’s 29 point, 11 rebound, 9 assist game Friday night

3 Comments

This was more of what fans expected from Lonzo Ball.

After a rough first game against the Clippers — with Patrick Beverley in his face all night — Ball found plenty of room to operate against the soft defense of the Phoenix Suns. With room to operate Ball had 29 points, 11 rebounds, and nine assists — just one assist short of a triple-double. He helped the Lakers pull away to a lead in the third then hold on for a 132-130 win over the Suns.

Ball wasn’t terribly efficient, 12-of-27 shooting, but he was 4-of-9 from three, he played with great pace, he was decisive, and was finding guys with his passes. It was a step forward, even if it was against a sad defense (Eric Bledsoe can be a good defender, but he has seemed disinterested in recent years).

Ball and the Lakers are going to be up and down this season, the goal is for there to be more ups near the end of the season.

LeBron James rejects Giannis Antetokounmpo at the rim

1 Comment

Through the first couple games of the season, Giannis Antetokounmpo has put up impressive numbers — he dropped 34 points, 8 rebounds, and 8 assists on the Cavaliers Friday night.

But the Cavaliers still have LeBron James.

He had 24 points and 8 assists, leading Cleveland to the win.

LeBron also reminded the Greek Freak just how good a rim protector he is. Few people can slow Antetokounmpo on the drive, but LeBron is one of them.

Is it too early to root for a Cavs vs. Bucks playoff series?