P.J. Carlesimo likes that billionaire owner isn't afraid of luxury tax
PHILADELPHIA -- There's nothing like having an owner who has no problem digging deep into his wallet and isn't afraid of the big, bad luxury tax.
At least that's how P.J. Carlesimo feels about Mikhail Prokhorov, who's on the hook for a roughly $12.8-million luxury tax bill this season. And the Nets' tax number is expected to jump significantly in 2013-14.
"You couldn't overstate it," the Nets' interim coach said Monday. "It's one of the best things an owner can do.
"I think giving a coach a long-term contract is more important," he joked, "but other than that . . . I think you've got an owner who's willing to spend money and not pay lip service. All the owners go, 'We want to win a championship.' When you've got somebody that is committed to winning and expends funds to do it, give [GM Billy King and [assistant GM] Bobby Marks and these guys the resources, it's fantastic."
Avery Johnson was in town, just not at the Wells Fargo Center. The former Nets coach, who was fired Dec. 27 after the team began the season 14-14, was a special guest speaker at The Wharton School. He participated in a discussion about the business of basketball and behind-the-scenes operations that take place on successful NBA teams.
Former Hofstra star Charles Jenkins, traded from the Warriors to the 76ers last month, said he's happy to be back on the East Coast and closer to his family. He'll be a free agent after the season and isn't sure what his future holds.