Brooklyn Nets to pay record luxury tax bill

Wednesday, July 9th, 2014

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 ...

Los Angeles Lakers will pay almost $30 million in luxury tax

Wednesday, July 10th, 2013

The NBA announced its salary cap and luxury-tax threshold for the 2013-14 season on Tuesday and six teams were also given their bills for tax payments they owe the league for the 2012-13 season. As everyone should expect, the Los Angeles Lakers had the biggest bill of the season. The Lakers ...