Nets will pay out over $197 M in 2013-14

July, 9, 2014
7/09/14
7:19
PM ET
The Brooklyn Nets will be paying out over $197 million in payroll and luxury taxes for the 2013-14 season, according to an unofficial calculation by ESPNNewYork.com.

According to figures from Shamsports.com, Brooklyn’s payroll totaled $102.83 million.

ESPN.com’s Brian Windhorst relayed the team’s official luxury tax payment at an NBA-record $90.57 million.

Factor in the $4 million owed to Travis Outlaw because the Nets used their amnesty clause on him, and you get $197.4 million.

The NBA announced Wednesday that the salary cap for 2014-15 has been set at $63.065 million and the tax level has increased to $76.829 million.

The Nets currently have $90.9 million committed to 11 players: Joe Johnson ($23,180,790), Deron Williams ($19,754,465), Brook Lopez ($15,719,063), Kevin Garnett ($12,000,000), Jarrett Jack ($6,300,000), Mirza Teletovic ($3,368,100), Andrei Kirilenko ($3,326,235), Bojan Bogdanovic ($3,278,000), Sergey Karasev ($1,467,840), Mason Plumlee ($1,357,080) and Marcus Teague ($1,120,920).

This, of course, is pending the Bogdanovic signing and three-way trade with the Cleveland Cavaliers and Boston Celtics becomes official. The NBA moratorium ends Thursday.

That $90.9 million figure does not include Jorge Gutierrez’s non-guaranteed contract ($816,482). The Nets also acquired the rights of three second-round picks: Markel Brown, Cory Jefferson and Xavier Thames. It’s unknown how many of those players will sign. The Nets also owe Outlaw $4 million for the 2014-15 season.

Paul Pierce and Alan Anderson are unrestricted free agents. Pierce, sources say, wants in the neighborhood of $9-10 million, while the Nets would prefer to pay him in the neighborhood of $6-8 million. The sides are currently in negotiations. There’s also the possibility that Pierce could elect to sign elsewhere.

Nothing is finalized regarding their roster -- they could still make more moves -- so we’ll have a better idea what their payroll is going to look like down the road.

But it looks like owner Mikhail Prokhorov is going to be opening up his wallet again -- that’s for sure.

Grantland reported the Nets lost $144 million in basketball-related business last season. Granted, $90.57 million of that was luxury taxes.

Mike Mazzeo

ESPN New York Writer

SPONSORED HEADLINES

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.


TEAM LEADERS

POINTS
Joe Johnson
PTS AST STL MIN
15.7 3.7 0.9 35.5
OTHER LEADERS
ReboundsK. Garnett 7.0
AssistsD. Williams 6.3
StealsJ. Jack 1.2
BlocksB. Lopez 1.6