Huffpost Sports

Mikhail Prokhorov Is So Steinbrennian

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MIKHAIL PROKHOROV
Brooklyn Nets owner Mikhail Prokhorov speaks to the media during half time of a game against the Charlotte Bobcats at Barclays Center on December 28, 2012 in the Brooklyn borough of New York City.The Nets defeated the Bobcats 97-81. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jim McIsaac/Getty Images) | Getty
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The Nets will start next season with a payroll of about $98 million — well above the NBA's tax threshold, which is set at $71.748 million for 2013–14. Under the terms of the league's current collective bargaining agreement, teams above the threshold have to pay a tax that starts at $1.50 for each dollar they exceed that figure.

Read the whole story at NYmag.com

 
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