Owner Mikhail Prokhorov’s $330 million spending spree last summer pushed the Brooklyn Nets well over the NBA’s $58,044,000 million 2012-13 salary cap.
The Nets had a total team salary of $83,154,808 in 2012-13. Only the Los Angeles Lakers and Miami Heat spent more.
The Nets also spent well over the $70,307,000 luxury tax threshold.
Because they’re over the salary cap and deep in the luxury tax, the Nets can only offer minimum contracts or the taxpayer mini mid-level exception to their free...
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