Nets to pay at least $11.49M in luxury taxes
August, 21, 2012
8/21/12
3:52
PM ET
By Mike Mazzeo | ESPNNewYork.com
With 13 players under contract for next season, the Nets, who have a payroll of $81.8 million, will be on the hook for at least $11.495 million in luxury taxes, league sources confirmed to ESPNNewYork.com. This season’s luxury tax threshold is a little more than $70.3 million, and teams pay $1 for every dollar they’re over. Remember, the Nets may end up exceeding these numbers because they still have two roster spots available if they choose to use them.
Basketball-reference.com has a detailed look at the Nets’ 2012-13 commitments:
Joe Johnson: $19,752,645
Deron Williams: $17,177,795
Brook Lopez: $13,668,750
Kris Humphries: $12,000,000
Gerald Wallace: $9,682,435
Mirza Teletovic: $3,090,000
Reggie Evans: $1,622,617
Jerry Stackhouse: $1,352,181
Keith Bogans: $1,229,255
MarShon Brooks: $1,160,040
C.J. Watson: $992,680
Tyshawn Taylor: $473,604
Tornike Shengelia: $473,604
Total: $81,802,948
According to ESPN affiliate Hoopdata, the Nets have not paid the luxury tax since 2003-04 ($9,390,383). In 2002-03, the season in which they advanced to their second straight NBA Finals, the Nets paid $5.73 million in luxury taxes.
Basketball-reference.com has a detailed look at the Nets’ 2012-13 commitments:
Joe Johnson: $19,752,645
Deron Williams: $17,177,795
Brook Lopez: $13,668,750
Kris Humphries: $12,000,000
Gerald Wallace: $9,682,435
Mirza Teletovic: $3,090,000
Reggie Evans: $1,622,617
Jerry Stackhouse: $1,352,181
Keith Bogans: $1,229,255
MarShon Brooks: $1,160,040
C.J. Watson: $992,680
Tyshawn Taylor: $473,604
Tornike Shengelia: $473,604
Total: $81,802,948
According to ESPN affiliate Hoopdata, the Nets have not paid the luxury tax since 2003-04 ($9,390,383). In 2002-03, the season in which they advanced to their second straight NBA Finals, the Nets paid $5.73 million in luxury taxes.
TEAM LEADERS
| POINTS | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Brook Lopez
|
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| OTHER LEADERS | ||||||||||||
| Rebounds | R. Evans | 11.1 | ||||||||||
| Assists | D. Williams | 7.7 | ||||||||||
| Steals | G. Wallace | 1.4 | ||||||||||
| Blocks | B. Lopez | 2.1 | ||||||||||





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