Mikhail Prokhorov Introductory Press Conference

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

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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.

PBT Podcast: Lakers, Pacific Division preview with Mark Medina of L.A. Daily News

Los Angeles Lakers' D'Angelo Russell, left, poses with with Jordan Clarkson (6) during the team's NBA basketball media day in El Segundo, Calif., Monday, Sept. 26, 2016. (AP Photo/Nick Ut)
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We’re baaaaaack!

The ProBasketballTalk Podcast at NBC Sports is done with its summer hiatus, and there will be a couple of podcasts a week now running through the NBA season, trade deadline, playoffs, and eventually free agency. We’ll talk about it all.

We start with NBA season previews, going division by division, and we start that tour on the West Coast. Mark Medina of the Los Angeles Daily News joins Kurt Helin of NBC to talk about the Lakers and their rebuild. From there the conversation goes to questions such as can anyone beat the Warriors? Are the Clippers contenders? Plus we talk about the building processes going on in Sacramento and Phoenix.

As always, you can check out the podcast below, or listen and subscribe via iTunes (check there to see all the NBC Sports podcasts), subscribe via the fantastic Stitcher app, check us out on Google play, or check out our new PBT podcast homepage and archive at Audioboom.com.

 

Report: Rockets signing P.J. Hairston

HOUSTON, TX - DECEMBER 21:  James Harden #13 of the Houston Rockets and P.J. Hairston #19 of the Charlotte Hornets watch a shot during their game at Toyota Center on December 21, 2015 in Houston, Texas. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Scott Halleran/Getty Images)
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The Rockets created a little roster confusion by giving Gary Payton II a fully guaranteed deal, bringing Houston to 15 players (the regular-season roster limit) with guaranteed salaries plus restricted free agent Donatas Motiejunas.

This won’t clarify the situation, but P.J. Hairston will give the Rockets another intriguing piece.

Adrian Wojnarowski of Yahoo Sports:

Hairston was a first-round pick just two years ago, and at age 23, he still presents upside. He has at least stopped producing negative headline after negative headline after negative

Now, we can focus on just Hairston’s major on-court flaws. He misses a lot of shots and does little else. But he has some raw tools, even if they barely showed with the Hornets and Grizzlies.

If the Rockets make a roster-clearing move, they could take a chance on keeping the talented/troubled wing around. More likely, he heads to the D-League, where Houston can develop him in its system.

Joakim Noah: Jerry Reinsdorf’s ‘frontline’ comment a ‘low blow’

GAINESVILLE, FL - SEPTEMBER 10:  NBA player Joakim Noah looks on during a game between the Florida Gators and the Kentucky Wildcats at Ben Hill Griffin Stadium on September 10, 2016 in Gainesville, Florida. (Photo by Mike Ehrmann/Getty Images)
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After watching Joakim Noah leave for the Knicks, Bulls owner Jerry Reinsdorf said, “We felt Joakim wasn’t going to be a frontline guy anymore.”

Ouch.

Noah, via Marc Berman of the New York Post:

“He’s entitled to his opinion,’’ Noah said. “I feel I have no regrets about my time in Chicago. I gave it everything I had. To me that’s all that matters. I did everything I could for that organization. I thought it was a little bit of a low blow, but at the end of the day I have nothing but respect for that organization. I’m just excited for this new chapter of my career.”

Reinsdorf was right. Noah, 31, is on the downside of his career. I wouldn’t want him for $72 million over the next four years.

But Noah is also right. He gave the Bulls everything he had.

Noah didn’t deserve that parting shot, even if it was correct.

I also wonder how much this has to do with Chicago correctly assessing Noah’s value vs. the Bulls losing a player whom they wanted to keep and lashing out about it.

Spurs waive Ryan Richards, open roster spot

OKLAHOMA CITY, OK - MAY 12: Tim Duncan #21 of the San Antonio Spurs waits for the Oklahoma City Thunder to bring the ball down court during the second half of Game Six of the Western Conference Semifinals during the 2016 NBA Playoffs at the Chesapeake Energy Arena on May 12, 2016 in Oklahoma City, Oklahoma.   NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by J Pat Carter/Getty Images)
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The Spurs drafted Ryan Richards No. 49 in 2010, and he could’ve signed with San Antonio any year since. To maintain a second-rounder’s rights, a team must extend a required tender – a one-year contract, surely unguaranteed at the minimum. If the player rejects the offer, those rights extend another year, and the team must then offer the tender again the following year.

Richards finally took the tender this year.

Just a couple days into training camp, the Spurs showed how much they value him.

Spurs release:

The San Antonio Spurs today announced that they have waived forward/center Ryan Richards.

San Antonio now has 19 players and one open roster spot. I know what you’re thinking.