Headlines

Nets to Pay Record Luxury Tax for 2013-14?

Basketball Insiders profile picture
Sports Editor
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

The Brooklyn Nets will pay a record $90.57 million in luxury taxes for the 2013-14 season, sources told ESPN.com.

The NBA released its audit to teams ahead of the start of the new fiscal year at midnight Wednesday and revealed the numbers, including the Nets’ penalty for splurging after trading for Paul Pierce and Kevin Garnett last year. In all, the Nets paid more than $197 million in salaries and luxury taxes this past season. Only three other teams had paid more than $90 million in total tax since its inception in 2001.

via Brian Windhorst of ESPN

The next evolution of basketball news, information and rumors.

Trending Now