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http://blog.nola.com/hornetsbeat/2009/05/new_orleans_hornets_president.html
I know many of you have mentioned getting West because we felt he would be made available but it seems they will try to move Peja and Tyson.
Weber also said the Hornets are prepared to pay the NBA's imposed luxury tax, if need be.
The Hornets' payroll is expected to be $76 million next season. And because of declining league revenue, NBA executives have already been told to expect the luxury tax threshold to drop from the $71.2 million it was this season.
Some reports project next season's threshold to be about $68 million, which would leave the Hornets with a luxury-tax penalty for each dollar over the threshold.
But Weber said the team isn't concerned.
Despite national media reports that the small-market Hornets would struggle financially if they had to pay the luxury tax, Weber said the team, which also has the financial backing of minority owner Gary Chouest, is on solid footing.
He admitted, however, that the Hornets, who had already taken advantage of an NBA-backed loan this year, also will tap into a $1.96 billion league-wide pool that became available this week.
Weber said the team wouldn't trade their most talented players, All-Stars David West and Chris Paul, just to avoid paying the tax. But he made no guarantees the team wouldn't listen to offers for center Tyson Chandler, who is owed $25.5 million over the next two seasons, or forward Peja Stojakovic, who is due $29.5 over the next two seasons.
Chad Shinn said it is "very unlikely" that West, who is considered the team's most tradable commodity outside of Paul, the team's franchise player, would be moved.
I know many of you have mentioned getting West because we felt he would be made available but it seems they will try to move Peja and Tyson.
Weber also said the Hornets are prepared to pay the NBA's imposed luxury tax, if need be.
The Hornets' payroll is expected to be $76 million next season. And because of declining league revenue, NBA executives have already been told to expect the luxury tax threshold to drop from the $71.2 million it was this season.
Some reports project next season's threshold to be about $68 million, which would leave the Hornets with a luxury-tax penalty for each dollar over the threshold.
But Weber said the team isn't concerned.
Despite national media reports that the small-market Hornets would struggle financially if they had to pay the luxury tax, Weber said the team, which also has the financial backing of minority owner Gary Chouest, is on solid footing.
He admitted, however, that the Hornets, who had already taken advantage of an NBA-backed loan this year, also will tap into a $1.96 billion league-wide pool that became available this week.
Weber said the team wouldn't trade their most talented players, All-Stars David West and Chris Paul, just to avoid paying the tax. But he made no guarantees the team wouldn't listen to offers for center Tyson Chandler, who is owed $25.5 million over the next two seasons, or forward Peja Stojakovic, who is due $29.5 over the next two seasons.
Chad Shinn said it is "very unlikely" that West, who is considered the team's most tradable commodity outside of Paul, the team's franchise player, would be moved.
