The Brooklyn Nets and owner Mikhail Prokhorov have never been shy about spending money, but this is a little crazy. On Wednesday the NBA released its audit of teams ahead of the start of the new fiscal year (which starts at midnight) and the Nets will pay a ridiculous, record luxury bill.
According to Brian Windhorst, the Nets owe $90.57 million in luxury taxes for the 2013-14 season. How bad is that number? Only three teams had paid more than $90 million in total tax since its inception in 2001. In all, the team paid more than $197 million in salary and luxury taxes this past season.