Report: Nets Set To Pay $80 Million In Luxury Taxes

The Brooklyn Nets are going to pay a price for chasing and trying to buy a championship.  ESPN New York is reporting that the Nets and owner Mikhail Prokhorov will pay $80 million in luxury taxes next season.

The Nets payroll will be around $100 million next season, with the majority of their payroll coming from their new starting five.

Deron Williams will make ($18.5 million),  Joe Johnson, $21.5 million), Paul Pierce ($15.3 million), Kevin Garnett ($12.4 million) and Brook Lopez ($14.7 million).

the projected salary cap for 2013 is $58.5 million with a luxury-tax threshold at $71.6 million.


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