The Seven NBA Tax Teams And Where They Stand

The NBA new tax ramifications to teams in the new collective bargaining agreement could be franchise changing for most teams but not the Brooklyn Nets.

Most NBA pundits thought that Brooklyn would not add a 15th man to their currently stacked roster because it would cost them almost $4 million in tax money for a veteran minimum player. 

Once again they were proved wrong.

The Nets completed a two-year minimum deal for two million per season with shooting guard Alan Anderson which will add an additional $4 million to their tax bill next July.

No problem at all as the Nets, along with ownership, are going “ALL IN” to give Brooklyn the best players to compete for the championship.

Enjoy it Nets fans as no other NBA team is putting their money where their mouth is like Mikhail Prokhorov.

[quote_simple]Nick Borges | ESPN.com

There are currently seven teams over the $71,748,000 million tax line and almost $154 million in the pot as of Friday. Here is the breakdown of each team:

Brooklyn:
Players signed: 15
Over tax line: $30.463 million
Owed Tax: $87.199 million

New York:
Players signed: 12
Over tax line: $14.336 million
Owed Tax: $27.091 million

Miami:
Players signed: 13
Over tax line: $10.011 million
Owed Tax: $16.278 million

Chicago:
Players signed: 12
Over tax line: $6.521 million
Owed Tax: $10.163 million

LA Lakers:
Players signed: 12
Over tax line: $5.637 million
Owed Tax: $8.615 million

Boston:
Players signed: 16
Over tax line: $2.284 million
Owed Tax: $3.426 million

LA Clippers:
Players signed: 13
Over tax line: $738,481
Owed Tax: $1.107 million[/quote_simple]