clock menu more-arrow no yes mobile

Filed under:

Pollin says he may have to pay the Luxury Tax

Mike Jones of the Washington Times with an interesting interview with Abe Pollin.

For the first time that I'm aware of, Abe Pollin himself says that he may have to pay the Luxury Tax, and "will continue to do everything [...] to put the best team possible on the floor."

Washington Wizards owner Abe Pollin says he is ready to dig deeply into his own pocket to win the NBA championship that has eluded him for three decades - even if it means incurring stiff financial penalties by exceeding the league's salary cap for the first time.

"I'm sure [team President] Ernie Grunfeld and his staff will make sure that we take advantage of any potential opportunity that presents itself during the offseason," Mr. Pollin, 85, said in an interview conducted this week via e-mail.

"With that said, I also believe NBA teams need to be financially responsible and the luxury tax is a well-designed penalty/reward system. The penalties are severe. While I will say that I don't want to go over the luxury tax threshold, I also will not rule it out."