Newly acquired Net's Pierce, Garnett and Terry hold up their new jerseys as they pose for a photo with principal owner Prokhorov after a news conference in Brooklyn

Brooklyn Nets tax bill could be $87 million for next season


The largely free market loving, Republican owners of the NBA teams pushed hard in the last Collective Bargaining Agreement for something that you would think goes against their nature — an increased and very stiff tax structure that sets up a more socialist system. (They would argue the system is needed for the growth of the overall sport.)

But the tax penalty only works if an owner is afraid to pay it.

Brooklyn Nets own Mikhail Prokhorov laughs at it. Or at least isn’t going to blink writing a very large check.

With the addition of Alan Anderson on a minimum deal, the Nets will have a payroll of $102,211,009 next season (figures via Hoopsworld). The NBA’s salary cap is set at $58.7 million for next season, the luxury tax line is $71.7 million (meaning the new escalating taxes start at that figures). Marc Stein of ESPN did the math from there for TrueHoop:

Adding Anderson on a minimum deal nudges those figures to $30,463,009 (dollars over the tax line) … and a mind-numbing $87,199,293 (in taxes due)

So the signing of a player due to make just under $1 million next season will cost Brooklyn more than $4 million in additional taxes under the league’s much more punitive tax laws that go into effect this season.

The tax the Nets will pay will be based on their salary figures on the last day of the regular season, so it is possible for the Nets to make moves to lower that number.

But it doesn’t look like Mikhail Prokhorov wants to — he wants to win at any cost. So he will write a big check at the end of the season. What kind of winning he will get for that remains to be seen, but I don’t think it’s the title he is looking for.

Report: Wizards signing Ryan Hollins

Blake Griffin, Ryan Hollins
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Nene hurt his calf. Drew Gooden is banged up. Martell Webster is out for the season.

Those are three players the Wizards expected to play power forward this season.

So, Washington – which has lost four straight – will bring in another big man: Ryan Hollins.

Shams Charania of Yahoo Sports:

The Wizards have a full roster of 15 players. They don’t qualify for a hardship exemption, which a team gets if four players have missed three straight games and will continue to be out. Only Webster and Alan Anderson definitely fit that bill. Gooden, who has missed five straight, might. But it’s unclear both how many of those absences were due to injury and when he’ll return.

So, Washington will have to waive someone to sign Hollins now. It’ll probably be Webster, whose $5,845,250 2016-17 salary is just $2.5 million guaranteed. If he’s out for the year and the Wizards plan to drop him by the summer to clear cap space, why not just do it now?

Hollins is more center than power forward and doesn’t appear to fit well with Marcin Gortat. But at this point, Washington just needs big bodies. Hollins – a nine-year veteran who plays decent interior defense, lacks offensive skill and rebounds poorly for his 7-foot frame – is at least that.

Dwight Howard crushes Kristaps Porzingis with dunk (video)

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Sometimes – as Kristaps Porzingis sees against Dwight Howard – it’s more flattering just to play James Harden-level defense.

Marc Gasol heads ball into basket after drawing foul (video)

Marc Gasol
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This was not Marc Gasol‘s first attempt to head in the ball after a whistle, but this time, he converted.

Here was his January try: