The Warriors, Clippers, and Nets are the three teams projected to pay a nine-figure luxury bill in 2023, according to Eric Pincus of Sports Business Classroom. In his roundup of each team’s proximity to the tax line, Pincus has Golden State’s tax bill estimated at $176.5MM, with L.A. at $144.7MM and Brooklyn at approximately $109MM.
The 2021/22 campaign represented a record-setting year for luxury tax payments, with the Warriors, Nets, and Clippers heading up seven taxpayers that were penalized a total of $481MM, by far a single-season NBA high.
However, as Pincus outlines, NBA teams are on track to smash that record in 2022/23, with the Bucks ($69.8MM), Celtics ($66MM), Lakers ($40.6MM), Mavericks ($33.6MM), Suns ($32.6MM), Nuggets ($17.6MM), and Sixers ($1.8MM) joining the three aforementioned clubs to total over $692MM in projected tax payments.
That number will likely dip a little before the end of the season, with certain teams trading some salary to reduce their end-of-season bill and others – such as Philadelphia – perhaps trying to get out of tax territory altogether. But it seems safe to assume the teams that finish the season below the tax line will still see a major windfall.
Here are a few more odds and ends from around the basketball world:
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