The Nets have spent a lot of money since owner Mikhail Prokhorov decided to buy the team and move the franchise to Brooklyn.
Heading into this season, their payroll is approximately $102 million and their projected luxury tax bill is approximately $87 million.
Prokhorov has said he wants to win a championship, and clearly the Russian billionaire is sparing no expense to get it.
Over in the Bronx, the Yankees are very concerned about a $189 million payroll mandate so their luxury tax rate doesn’t climb all the way to 50 percent. If George Steinbrenner were still alive, I highly doubt that he’d be concerned about it at all. And I think Prokhorov, if he were a baseball owner, would feel the exact same way.
If Prokhorov owned a team in an uncapped sport like baseball, how much would he be willing to spend? Would he be willing to go $305 million on a player like Robinson Cano? I think, if his general manger convinced him it was the right move toward the goal of capturing a title, he undoubtedly would.
And that’s why Nets fans probably feel fortunate that Prokhorov owns their team.
No practice Wednesday but: We did post several items on the blog for your reading pleasure.
One coach on another: Ian Begley talked to Lenny Wilkens about Jason Kidd.
2-on-2: Check out what Ohm Youngmisuk and I had to say about the Nets heading into the 2013-14 campaign.
$81.5 million: That’s how much Prokhorov will be paying his starting lineup this season.