Knicks must pay luxury tax toll if they want to keep team together
NY Post
There comes a point on the trip when you have to pay the toll.
You can avoid it with back roads and creative mapping, but, eventually, you can’t cross the body of water without firing up the E-ZPass.
Or turning around.
That’s where the Knicks are right now.
For the four years under Leon Rose, the Knicks have never paid the luxury tax. Not once. You can imagine the jealousy around the NBA. The team in the biggest market — which is raking in a top-shelf annual revenue with the highest franchise valuation — has been collecting even more money from the luxury-tax pot.
In fact, the Knicks had the league’s lowest payroll in Rose’s first season (2020-21), according to Spotrac. They were 28th out of 30 in his second season. They were No. 20 in his third. Last season, they were up to only No. 18.
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