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Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

On May 1, Beijing time, New York Post reporter Mark Stein reported that the Nets and Barclays Center lost $50 million to $100 million in the 2021-2022 season, which may be the worst loss for NBA teams this season. The Nets have only made $2.1 million in ticket revenue for a game this season. The Nets' roster salaries are $174 million 48 percent higher than the Knicks, whose tickets are more expensive.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

Cai Chongxin as the owner of the Nets did not enter the top five ranks, clippers owner Ballmer ranked first with a value of 91.4 billion, but Cai boss is really generous to this team, last summer directly gave Durant a 4-year 198 million early contract renewal, this season is also spending a lot of money for the team to form a championship lineup.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

The Nets have paid $174 million this season in the league, the Warriors have the league with $178 million, while the Nets have spent $114.4 million on luxury taxes this season, which means that the total spending is $288.4 million, and the Clippers' salary + luxury taxes this season total $282 million, Tsai Chongxin is more than Palmer.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

Of course, Ballmer paid so much money and didn't even make the playoffs, and the Nets played at least one round of the playoffs. But Tsai faces a tough choice because the Nets will have multiple teams that become free agents or can jump out of contract free agents this offseason.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

Irving played very broadly in the playoffs, averaging 15.3 points per game in the last three playoff games, shooting 37.2% from the field and shooting 18.2% from three-point range, but Tsai Chongxin could not be slackened in the slightest, because Irving was a player option in the summer of 2022, he could jump out of the contract to become a full free agent, and he was also eligible to sign a 5-year, 248 million super salary with the Nets.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

Mills player options, Bruce Brown contract expires, Griffin contract expires, Drummond contract expires, Aldridge contract expires, Dragic contract expires; in addition to Clarkston can renew his contract early, if you have to keep these people Nets will spend more.

Loss of 100 million is not the end? 170 million salary + 110 million luxury tax, the Nets give Irving 5 years 248 million

For now, the Nets' salary next season has exceeded 157.9 million will continue to pay luxury taxes, Irving is the most important contract extension object of the Nets this summer, he can take 248 million for 5 years, if given him this contract, the Nets' salary expenditure next season will exceed 190 million, Tsai Chongxin will not lose to cry?

Text/Yan Xiaobai

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