Knicks top list of teams to pay luxury tax
The New York Knicks can't be feeling very lucky on this Friday The Thirteenth.
By the end of this business day, you see, each of the NBA's five luxury-tax-paying teams from last season will have received an official invoice from the league stating the "net" amount they must remit.
In the Knicks' case?
The payment due by July 25, according to a league memo distributed this week to all 30 teams: $45 million and change.
That's $45-plus million for a team that went 33-49 and ...
Read full story