Mikhail Prokhorov Introductory Press Conference

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


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 Extra bold prediction: Is this Andrew Wiggins’ breakout season?

Leave a comment

Minnesota is going to be entertaining to watch this season. A healthy Ricky Rubio (hopefully) dishing at the point, Karl-Anthony Towns is already a high-IQ passer, and bench players such as Shabazz Muhammad and Adreian Payne have shown some skills.

Then there’s Andrew Wiggins. The reigning Rookie of the Year developed quickly last season — particularly his jump shot — and he should make a big leap this season. He’s going to dunk on people and end up in a lot of highlight packages while putting up a lot of points.

Enough to set the Minnesota Timberwolves single game scoring record, currently held at 52 by Mo Williams? That’s the question for this PBT Extra with Jenna Corrado.

Derrick Rose being back for start of season in question

Fred Hoiberg, Derrick Rose
Leave a comment

The Bulls have said Derrick Rose is about a week away from returning after suffering a facial fracture this preseason.

The start of the NBA season is two weeks from today (Oct. 27).

So Rose will be ready to go when the Bulls start their season that first night against Cleveland, right? Don’t bet on it, says Vincent Goodwill of CSNChicago.com, quoting coach Fred Hoiberg.

The opening night projection for a Derrick Rose return is a bit murky at this point, as the Bulls are taking a cautious approach to his recovery with Fred Hoiberg essentially ruling him out for the rest of the preseason.

“Most likely (out for the preseason),” Hoiberg said….

In fact, it wouldn’t be surprising to see Rose sit out the first handful of games, as the Bulls start the season with a three-game in four-night stretch starting Oct. 27 against the Cleveland Cavaliers, which is in two weeks.

“That will be in consideration, sure,” Hoiberg said. “We gotta make sure, he really hasn’t done anything and that will be a good two or three weeks where he has total inactivity, so just to throw him back out there going 100 percent with his speed and everything, you just don’t want to take any risks, chances, where it could be a lingering issue.”

Just what TNT and the NBA hoped for with an opening night Bulls vs. Cavaliers showcase: Kirk Hinrich vs. Mo Williams. (Don’t forget Kyrie Irving will miss the start of the season recovering from his knee surgery.)

Of course, this is the smart play for the Bulls who need to be thinking about getting Rose fully healthy and focusing on what condition he will be come April 27, not Oct. 27.

And of course, a lot of Bulls fans who are down on Rose will slam him for this. Even though the injury was a freak accident and the team is right to be patient.

Rose could play opening night, if he gets back to practice next week and can get closer to basketball shape. But I wouldn’t bet on it.