Morant’s salary is a fraction of what he deserves, which is bad for him and, in the harsh reality of the competitive NBA, magical for his team. To contend for the NBA title, you typically need to win north of 50 games. The Warriors’ math is that if Curry generates 15 wins, then there’s some tap dancing—and cap dancing—to figure out how to afford the other 35-40. After paying Steph, the Warriors had only $67 million left to spend under the salary cap. That would only buy 20 more wins at league-average prices, and who wants to win a measly 35 games? So to leap back into title contention, the Warriors shattered the salary cap and set all-time spending records. Over the broad sweep of NBA history, we see the occasional Joe Lacob, James Dolan, Mikhail Prokhorov, or Paul Allen—billionaires determined to build dynasties with gold bricks. It usually doesn’t work. Even when it does, the league stacks on such punitive luxury-tax bills that everyone eventually loses their appetite for overspending.
Tag: Mikhail Prokhorov
Former Nets owner Mikhail Prokhorov receives Israeli citizenship
Jewish Russian billionaire and former owner of NBA team the Brooklyn Nets, Mikhail Prokhorov, has made Aliyah and became an Israeli citizen, Ynet has learned on Monday. The 56-year-old businessman arrived in Israel several days ago on a private jet from Switzerland and has since filed all the required paperwork to become a citizen of the Jewish state.
Prokhorov has also had a short stint in …
Prokhorov has also had a short stint in politics, having run for the presidency in the March 2012 election against Putin but garnered only 8% of the vote. Prokhorov’s relations with Putin soured after the launch of his presidential bid despite qualifying he did not oppose the Russian leader but only offered himself as an alternative.
Nets Daily: Former Kremlin economist …
Nets Daily: Former Kremlin economist Andrei Dvorkovich, a friend of Mikhail Prokhorov and Duke grad, called traitor, forced out of office after criticizing Russian invasion of Ukraine. motherjones.com/politics/2022/…
A week earlier, just after 11 a.m. on …
A week earlier, just after 11 a.m. on July 1, the Nets arrived at the IMG building in downtown Cleveland as the first of six teams to meet with James. Out of one side of a Lincoln Town Car emerged Mikhail Prokhorov, the billionaire Russian oligarch who had bought the Nets less than two months prior. Out of the other side emerged Jay-Z. “It was a circus show,” said Avery Johnson, who had been hired to coach the team. “We were very excited. But in all honesty, we weren’t ready as an organization. And we were playing in Newark for the next two years — not New York. But Jay-Z really gave a great pitch. He appealed to their friendship and sold New York.”