Mikhail Prokhorov Rumors
Morant’s salary is a fraction of what he deserves, which is bad for him and, in the harsh reality of the competitive NBA, magical for his team. To contend for the NBA title, you typically need to win north of 50 games. The Warriors’ math is that if Curry generates 15 wins, then there’s some tap dancing—and cap dancing—to figure out how to afford the other 35-40. After paying Steph, the Warriors had only $67 million left to spend under the salary cap. That would only buy 20 more wins at league-average prices, and who wants to win a measly 35 games? So to leap back into title contention, the Warriors shattered the salary cap and set all-time spending records. Over the broad sweep of NBA history, we see the occasional Joe Lacob, James Dolan, Mikhail Prokhorov, or Paul Allen—billionaires determined to build dynasties with gold bricks. It usually doesn’t work. Even when it does, the league stacks on such punitive luxury-tax bills that everyone eventually loses their appetite for overspending.
Jewish Russian billionaire and former owner of NBA team the Brooklyn Nets, Mikhail Prokhorov, has made Aliyah and became an Israeli citizen, Ynet has learned on Monday. The 56-year-old businessman arrived in Israel several days ago on a private jet from Switzerland and has since filed all the required paperwork to become a citizen of the Jewish state.
Prokhorov has also had a short stint in politics, having run for the presidency in the March 2012 election against Putin but garnered only 8% of the vote. Prokhorov’s relations with Putin soured after the launch of his presidential bid despite qualifying he did not oppose the Russian leader but only offered himself as an alternative.
Nets Daily: Former Kremlin economist Andrei Dvorkovich, a friend of Mikhail Prokhorov and Duke grad, called traitor, forced out of office after criticizing Russian invasion of Ukraine. motherjones.com/politics/2022/…
When Russian billionaire Mikhail Prokhorov sold the Brooklyn Nets more than two years ago, he gave up ownership of the NBA franchise partly because of pressure from Vladimir Putin, The Post has learned. Events that led Prokhorov’s 2019 sale of the Nets and Barclays Center to Chinese billionaire Joe Tsai stretch back five years earlier, according to sources close to the situation. At the time, the US and European Union had begun to apply sanctions on Russia for taking over Crimea.
But as tensions between the US and Russia over Crimea grew, Putin in 2016 also began pressuring Prokhorov to sell the Nets, according to sources. That’s because Putin, especially during times of political turmoil, will test the loyalty of oligarchs with assets in the West to show they won’t get too close to the US or Europe, according to one source close to the situation.
“Putin strongly suggested he sell the Nets,” the source said. And if Prokhorov refused, he risked losing his considerable assets in Russia. “You couldn’t be pro-Russian and own an NBA team,” another source who knows Prokhorov said.