May 3, 2013; Boston, MA, USA; Boston Celtics center Kevin Garnett (5) heads to the bench during a break in the action against the New York Knicks in game six of the first round of the 2013 NBA Playoffs at TD Garden. The New York Knicks defeated the Celtics 88-80. Mandatory Credit: David Butler II-USA TODAY Sports

Boston Celtics and Brooklyn Nets Discuss Massive Deal

Talk about blowing it up and starting all over again.

According to Adrian Wojnarowski at Yahoo Sports, the Boston Celtics and the Brooklyn Nets are discussing a deal that would send Kevin Garnett and Paul Pierce to the Brooklyn Nets.

Now, Paul Pierce has a salary of $15.3 million in 2013-2014 and Kevin Garnett’s salary is $12.4 million in 2013-2014.  But that’s what it is right now — it’s unclear whether or not their salaries would be reconstructed if they were to be traded to the Brooklyn Nets.

Seeing as the Brooklyn Nets already have $86 million locked up for 2013-2014 (remember, the salary cap this year was $58 million) if they take on the contracts of Paul Pierce and Kevin Garnett, they are going to get absolutely destroyed by the luxury tax.

If you are $15 million over the salary cap, every additional dollar you pay in salary means you have to pay $3.25 in luxury tax.  That’s a 325% tax rate.

So basically, the Brooklyn Nets are looking at paying almost $30 million in luxury tax — right now.  You add on the contracts of Kevin Garnett and Paul Pierce to the Nets’ already bloated payroll, and I wouldn’t be surprised if the Nets paid $5o+ million in luxury tax this year.

Luckily for the Nets, they have a Russian gazillionaire owner that has nothing better to do with his money than blow it on a team that lost to a depleted Bulls squad in the playoffs.

 

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Tags: Boston Celtics Brooklyn Nets Kevin Garnett Miami Heat Paul Pierce

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