When the new NBA cap and luxury threshold numbers came out a couple of days ago, it appeared there would no abrupt change. Despite the loss of revenue due to COVID-19 and the league’s dispute with the Chinese government, the league kept the salary cap at $109.1 million and the luxury tax threshold at $132.6 million.
That would mean that the Nets could pay something like $50 million in luxury taxes, the fifth highest ever, depending on what they do with Joe Harris’ contract, Garrett Temple’s team option and the first round pick guarantee.