I understand the moves of the Warriors but I can't comprehend the luxury tax situation. Are we to expect that they will really pay almost half billion for taxes? Do Nba franchises really making that much money when they become champions?
As far as I know, the Warriors will probably spend over $500 million in the 23/24 season, including $268 million in taxes. That's really a lot, but I think the Warriors have enough revenue sources to cover such huge expenses. Obviously, tickets aren't the only source of revenue for this team. I'm more than sure the Warriors also make a lot of money from TV, merchandising, advertising, and various partnerships.