A look at the NBA's Luxury Tax and the Golden State Warriors.
Matt Steinmetz (FanHouse) is hearing that the Golden State Warriors were close to a deal for Garnett back in the summer of 2007 after that magical WE BELIEVE run, but it would have required them to take on additional salary that would have put them over the luxury tax which owner Chris Cohan and president Robert Rowell said no to.
"But for the life of me, I can't imagine why someone would want to own an NBA team if he cared more about breaking even than winning a championship. What's the point? Why not sell to someone who cares more about a title? Like so many other NBA fans, I have a pipe dream of stumbling into enough wealth to own an NBA team some day. It will never happen, but really, it's my ultimate pipe dream other than my daughter turning into a world-class tennis player and me turning into one of those deranged Tennis Dads who shows up for every match flashing hand signals and intimidating the judges. Anyway, if I were fortunate enough to own an NBA team, I would never, ever, EVER favor my pockets over a chance at a title. I just wouldn't. It's like going to Vegas for a guy's weekend and refusing to lose more than $100. Why even go then? Just stay home."-- Bill Simmons [ESPN]