Here’s a comprehensive tallying of luxury tax expenditures over the last decade.
The Knicks lead the field (substantially) having spent nearly $200 million during that time. After adding Donnie Walsh as GM, they have stayed under the threshold the last two years.
The only other team over $100 million in luxury tax payments for this time period is Dallas. The team that let Tyson Chandler walk after he helped them win a title.
Not even the Lakers, who are as big market as they come, spent over $100 million in luxury taxes during the last decade. It just goes to show you how awful the Knicks management was (ISIAH!).
Another example, using a compare and contrast analogy between teams, is the most money the Isiah-led Knicks spent on luxury taxes in a single year. The highest was during the 2006-07 season when they Dolaned out $45,142,002 in luxury taxes. Here was their line-up (by pay) during that season when they finished 33-49 and 4th in the Atlantic Division:
If you look at the chart, the money spent by the Knicks in luxury taxes for the 2006-07 season is more than what 25 of the 30 NBA teams spent as an aggregate during the same 10-year window!!! That’s insane, and further proof James Dolan and Isiah Thomas deserve each other. Whether Knicks fans deserve this is up for debate, but even my crass, fellow New Yorkers deserve a team that’s not run by idiots.