Grizzlies Looking To Avoid Lux Tax

[Pugz]

With six free agents and little room under the luxury-tax threshold, the Grizzlies are set for an offseason of uncertainty.

"We can't be in the luxury tax business," Grizzlies owner Michael Heisley said. "We've got to make some financial decisions. That's without question.

"But we have to step away from this a little bit and let this settle down. I'm not going to allow myself to have any feelings about the roster right now. I don't want us to look at Game 7 and make decisions for the future. That would be a mistake. You have to look at the season, the players and what's available. But we've got a heck of a lot of talent coming back."

Heisley gave coach Lionel Hollins a vote of confidence.

"There's a helluva lot more to coaching than just lineups," Heisley said. "Please tell the people in Memphis to stop looking for a scapegoat because there is none. I have no less opinion of Lionel Hollins. The reality is Lionel has more knowledge about professional basketball in one finger than I have in my body.

"How can people blame Lionel? The way he brought those young kids along. ... What do people want me to do, get rid of the coach? It's ridiculous. You can't go with more than what got you there. He's the best coach we've ever had because we had the best record we've ever had."

Via Memphis Commercial Appeal

 

[jonathanlambert33]

The new CBA taking effect, we're seeing more and more teams trying to cut salary to avoid the lux tax.

 

[Pugz]

its going to hurt teams like this too. they still need a little bit more to probably compete for a long time and now they wont be able to add.

 

[jonathanlambert33]

It's going to have a real sweeping effect on the league. Who's two of the higher profile owners to do it so far? Cuban and Heisley. There are only 14 owners in the NBA with a net worth of over a billion, and Cuban and Heisley are two of them.

 

[Pugz]

ONLY 14 worth a billion. lol

 

[jonathanlambert33]

Yeah lol

There's two that aren't even worth 100 million lol


Must be nice...

 

[.infamous]

Bill Gates should own a team. Fuck the luxury tax lol

 

[elcheato]

Even wealthy people can be cheap.

 

[BwareDWare94]

wait wait wait...people in Memphis are actually calling for Lionel Hollins' head?

WOW. Look what happens when people who don't know basketball talk basketball. Firing Hollins would be the biggest mistake in Grizzlies franchise history.

 

[BwareDWare94]

Also, this is what happens when you overpay for non superstars like Rudy Gay. Joe Johnson is the exception to the rule of lesser known players getting big money, but Rudy Gay exemplifies it.