One NBA Team Has A $175 Million Luxury Tax Bill

ESPN's Bobby Marks revealed that the Golden State Warriors have the highest luxury tax bill in the NBA.

Jun 6, 2024; Boston, Massachusetts, USA; NBA commissioner Adam Silver speaks before game one of the 2024 NBA Finals between the Boston Celtics and the Dallas Mavericks at TD Garden. Mandatory Credit: Peter Casey-USA TODAY Sports / Peter Casey-USA TODAY Sports

The NBA season came to an end on Monday evening when the Boston Celtics beat the Dallas Mavericks by a score of 106-88 to win the 2024 Championship.

Following the game, ESPN's Bobby Marks revealed the eight teams who will have a luxury tax bill for the 2023-24 season.

Via Marks: "Unofficial luxury tax payments per team:

Golden St- $176.9M
LAC- $142.4M
Phoenix- $68.2M
Milwaukee- $52.5M
Boston- $43.8M
Denver- $20.2M
Miami- $15.7M
LA Lakers- $6.9M

The 22 teams below the tax are projected to receive $11.96M each."

Unofficial luxury tax payments per team:

Golden St- $176.9M
LAC- $142.4M
Phoenix- $68.2M
Milwaukee- $52.5M
Boston- $43.8M
Denver- $20.2M
Miami- $15.7M
LA Lakers- $6.9M

The 22 teams below the tax are projected to receive $11.96M each.

— Bobby Marks (@BobbyMarks42) June 18, 2024

The Warriors being at the top of the list is not a surprise because of who is on their roster.

That said, the team is coming off a season where were the tenth seed in the Western Conference with a 46-36 record.

They lost to the Sacramento Kings in the play-in tournament, so they missed the NBA playoffs for the third time in the previous five seasons.

Nov 12, 2023; San Francisco, California, USA; Golden State Warriors majority owner Joe Lacob on the sideline after a loss against the Minnesota Timberwolves at Chase Center. Mandatory Credit: Kelley L Cox-USA TODAY Sports / Kelley L Cox-USA TODAY Sports

Based on how much the Warriors are paying, it will be interesting to see how they approach the offseason.

The team needs to improve, and Klay Thompson will be a free agent who is available to sign with any team in the league.

“Klay Thompson, I’m told, is open to all external options in free agency coming up.” - @ShamsCharania 👀 pic.twitter.com/DlpiCfBgbv

— Run It Back (@RunItBackFDTV) June 17, 2024

In addition, Chris Paul has $30 million left on his contract for the 2024-25 season.

That said, the Warriors can waive him (the money is not guaranteed).

Apr 14, 2024; San Francisco, California, USA; Golden State Warriors guard Chris Paul (3) brings the ball up court against the Utah Jazz during the first quarter at Chase Center. Mandatory Credit: D. Ross Cameron-USA TODAY Sports / D. Ross Cameron-USA TODAY Sports

Ironically, the next three highest luxury teams after Golden State (Clippers, Suns and Bucks) all lost in the first round of the 2024 NBA playoffs.

The Suns were swept by the Minnesota Timberwolves.