Sixers managing partner Josh Harris anticipates that the team will be a luxury tax payer for the 2020-21 season, as he told Rich Hofmann of The Athletic in a Q&A session that also included GM Elton Brand.
Harris said there “are definitely issues” that come with being a taxpayer, including some roster restrictions. But he has no qualms about that prospect.
“If that’s what it takes to win, we’re going to do it,” he said.
The luxury tax threshold is approximately $132.6MM and Philadelphia is currently a few million below that number. However, the Sixers already have nearly $144MM in contract guarantees for next season. That’s due in large part to Ben Simmons‘ max extension. He’ll jump from $8.11MM this season to $29MM in the first year of that extension. The combined salaries for Tobias Harris, Joel Embiid and Al Horford next season total up to more than $91MM.
Harris and Brand provided some other interesting insights in the Q&A:
- Harris expects the team to get deeper in the playoffs and everyone is accountable: “I think we all feel some pressure. Elton does. I do. Brett and the players all want to deliver for the city,” he said.
- Harris had hoped Jimmy Butler would re-sign but was impressed by the way the front office shifted gears to re-sign Harris, acquire Josh Richardson in a sign-and-trade with Miami, and bring in high-profile free agent Horford. “He obviously had a lot of choices and we’re happy for him that he’s with a great organization,” Harris said of Butler. “But for us, the job that Elton and his team did to pick up Al Horford and Josh Richardson on the heels of that and to get Josh Richardson back in a sign-and-trade obviously, I watched it from the inside and it was incredible.”
- Brand presents Harris with various scenarios in free agency and trades to spell out how each move would impact the bottom line: Brand told Hofmann how he breaks it down to his boss. “Hey, these are our options. If this happens, I don’t know, but this player could be available, this player could be available, this player could be available. This looks like a 50-win season, this looks like a 55, our penetration could be this in the second round to the Eastern Conference Finals, to the finals. If we lose this player and can’t do a sign-and-trade, we’re going to be here.”