The Lakers have a potential $85 million luxury tax bill looming

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As it stands now (with the roster basically set), the Lakers will have a $99 million payroll — $17 million more than the second most expensive team in the NBA (Brooklyn at $82 million). The Lakers payroll the following season will be in that same ballpark.

I hear the questions from a lot of people outside Los Angeles — didn’t we just have a lockout, didn’t we just miss months of basketball to stop moves like this? We don’t just want a few super teams!

(Actually, ratings say that you do. And NFL-style parity both is impossible in the NBA and probably wouldn’t sell as well anyway, but that’s another discussion for another day.)

The other owners did want to stop this kind of payroll/team building and during the lockout they agreed to stiffer taxes discourage teams from this kind of spending. But those penalties don’t start to kick in until the 2013-14 season — that is when the Lakers will start to pay a stiff price for their payroll.

Cap guru and friend of the site Larry Coon explains it in an email to Henry Abbott at TrueHoop.

The Lakers will have a tax bill of around $30 million next July, and in retrospect, will view this season as their salad days — it’s the last one where the tax rate is dollar-for-dollar. Starting in 2013-14 the new “incremental” tax takes over, where being $30 million above the tax line will mean paying a whopping $85 million tax bill.

And it gets worse. Starting in 2014-15 teams will pay an even higher rate for being repeat offenders — defined as paying tax in at least three of the four previous seasons. A team $30 million over the tax line will pay — brace yourself — an additional $115 million in luxury tax.

After adding up their payroll, luxury tax bill, and revenue sharing contribution (projected to be $49.4 million in 2013-14), even the Lakers have to stop to consider whether this simply can be written off as the cost of doing business — and that’s the future if they’re paying players with salaries like Bryant, Howard, Gasol and Nash.

By the 2014-15 season the Lakers will be able to control their payroll better because Kobe Bryant, Pau Gasol and Steve Nash come off the books (we will assume Dwight Howard stays at a max deal). For example, Kobe could do what both Tim Duncan and Kevin Garnett just did, taking below their market value (salaries below $10 million) to help out the team.

But the Lakers are all in for the next two seasons with the roster they have.  And with luxury tax and revenue sharing in July 2014 they are going to be writing about a $130 million in checks to the league in addition to their $100 million payroll. They can do some things to lower costs (amnesty Metta World Peace, for one) but if they want to compete for a ring those will be small dents. The big-ticket items, topped by Kobe’s $30 million salary, will remain.

Even with what Jack Nicholson pays for his seats and what Time Warner is paying to broadcast Lakers games on a new regional sports network, the Lakers will not be raking in large profits, if any. And remember, the Lakers are the Buss family business, they do not have billions coming in from other sources so that this is a toy. The Lakers need to be profitable.

But they have run the numbers and decided to chase the rings anyway. Which is what the other owners always feared.

Report: Knicks not interested in trading Kristaps Porzingis for Kyrie Irving

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With uncertainty around LeBron James‘ future in Cleveland — and good luck finding anyone around the league who thinks he is staying; LeBron’s options are open, but the sense is he has one foot out the door — the Cavaliers are prioritizing getting a young star to rebuild around back in any Kyrie Irving trade.

At the top of the Cavaliers’ wish list: Kristaps Porzingis.

Except the Knicks have no interest in this trade, reports Steven Marcus and Mike Rose of Newsday.

The Knicks don’t appear interested in trading Kristaps Porzingis, including a possible deal for Cavaliers All-Star point guard Kyrie Irving, according to a league source…

“[Knicks president] Steve Mills and [Knicks general manager] Scott Perry on the record were very clear that Kristaps was part of the future,’’ the source said in reference to comments made last month by both executives. “In all the discussions since then — there were other rumors before that Cleveland would want Kristaps — and it didn’t seem that [the Knicks] were interested at all in a conversation.’’

Nor should the Knicks give him up — even if they could dump the anchor Joakim Noah contract in the process.

Irving is a sure thing, an elite scorer and All-Star who averaged 25.2 points and 5.8 assists a game last season and shot better than 40 percent from three. Irving, entering his seventh season, can do more to help a team win next season than Porzingis. He can get more buckets.

But Porzingis could be better — and will be better suited to build a contender around — in the future. Entering just his third season and with the triangle gone, and maybe the shadow of Carmelo Anthony, too, Porzingis should become the focal point of the Knicks next season, and we can see what he will do. KP scored 18.1 points and grabbed 7.2 rebounds a game last season, shot 35.7 percent from three, and while still learning he brings more defense than Irving. Porzingis is a 7’3″ “unicorn” — there isn’t another player like him — and for many years he could be the future of the Knicks. He has the work ethic, he’s shown flashes, they just need to give him a real chance.

Also, the Knicks need to work starting this fall to mend the relationship that Phil Jackson tried to poison.

Bottom line, Irving is good, but the Knicks could build a contender around Porzingis if they handle it right. Not sure they can do that around Irving, and he is older. No way you make that trade if you’re the Knicks. That’s obvious… which is one reason Jackson needed to go.

 

Watch the best ball fakes from the past NBA season

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While we grind through the slow part of the NBA offseason — when even Kyrie Irving trade rumors come with “when we get close to the start of training camp” qualifiers — we continue to get our hoops fix from the best highlights of last season.

Like the top 10 ball fakes, as compiled by NBA.com.

You knew Stephen Curry and Kyrie Irving would be on the list, but nice appearance and moves by Ricky Rubio and D'Angelo Russell, too.

Kobe, LeBron, other NBA players react to President Trump’s stunning speech

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When President Donald Trump doubled-down on his support of the white supremacists and neo-Nazis who conducted a racist rally in Charlottesville, making a false moral equivalency with protestors of racism, it had television news anchors stunned, drew condemnation from both sides of the political aisle, and left most Americans queasy.

Count NBA players among those disgusted by the president’s comments.

That includes Kobe Bryant and LeBron James.

(Note: As part of that press conference, Trump said he owns one of the largest wineries in the nation right near Charlottesville.)

On Monday and earlier Tuesday — before the president’s latest salvo of stupidity but after the “unite the right” rally to “protect” a statue of a man who fought to keep slavery in place, where violence the protesters courted broke out and left one woman, Heather Heyer, dead — the Bucks’ Jabari Parker took part in an anti-racism rally, and LeBron had said this about Charlotte and moving the country forward.

Chris Paul had this to say before the latest press conference.

Maybe the only good thing to come of all this, you can now own a T-shirt of vintage Team USA Vince Carter dunking over Trump.

Report: Grizzlies about to hire Tayshaun Prince for front office job

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Tayshaun Prince spent 14 years in the NBA as a long, defensive minded wing, one of the early “3&D” guys but one who, in his prime, could be more than that. He won a ring in Detroit in 2004 and was a four-time NBA All-Defense selection.

Now he’s stepping into the front office.

The Grizzlies, one of his former teams, is about to hire him, reports Ronald Tillery of the Memphis Commercial Appeal.

Retired forward Tayshaun Prince will soon be named special assistant to Grizzlies general manager Chris Wallace, according to several NBA sources…

Prince is widely considered a big influence in NBA locker rooms and operated as a calming voice with Grizzlies players.

The Grizzlies believe Prince will bring a unique voice to front office decisions.

Prince came to the Grizzlies in the Rudy Gay trade and made a real impression there — and elsewhere — as a locker room leader and rational voice. He was in the NBA until last season.

This could and should be a good hire for a Grizzlies team transitioning out of the “grit n’ grind” era (albeit slowly, they could still bring Tony Allen back). The best GMs don’t go it alone but get information and perspectives from a lot of sources, and a high IQ former player would be a good one.