Billy King: Nets Not Done Spending
It’s no secret that the Brooklyn Nets are the NBA’s biggest spenders. Last year’s salary earned them a luxury tax bill of roughly $12.9 million, and next season’s number promises to be closer to $80 million. Nets general manager Billy King was in Orlando on Wednesday to take in his team’s summer league game, and held court on the subject of paying luxury tax and ever-increasing penalties.
“I think it’s great for our fans and for our organization that we have an owner who is willing to spend the money and spend it wisely,” said King. “We didn’t just spend the money to spend it, we feel like we’ve advanced our common goal to win a championship. He believes in what we’re doing, we talk about it and map it out going forward as far as our strategy for the next couple of years and what we want to get to for the next couple of years.”