Thursday, August 1, 2013
Nets' tax bill keeps growing
By Marc Stein
One of the more entertaining diversions in today's NBA is doing the math on what a simple end-of-the-roster signing can do to the Brooklyn Nets' luxury-tax bill.
Before this week's addition of Alan Anderson for a mere $947,907, Brooklyn was over the luxury-tax threshold by $29,515,102 ... which projected to a 2013-14 luxury tax of $82,939,184.
Adding Anderson on a minimum deal nudges those figures to $30,463,009 ... and a mind-numbing $87,199,293.
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.
See? That was fun, wasn't it?