Knicks Knacks

Death and taxes

July

Now we know.

There’s a reason MSG chairman James Dolan so frequently slumps over in his baseline seat. He’s got to write a check payable to the league for $19.7 million for the privilege of watching a 23-59 wreck up close.

And you thought your game tickets were expensive.

We all know the Knicks are such a tiny slice of the empire that none of the suits care about the situation, but how funny would it be to see Dolan justifying the expenditure to shareholders? “We spent an ungodly sum on payroll, free refreshments and legal settlements, but we saved $25 million this year in luxury taxes!”

Only in New York.

And yes, the luxury tax bill was $45 million just a year ago.

This entry was posted on Thursday, July 10th, 2008 at 9:49 pm by Mike Dougherty.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: | Print This Post | Email This Post

One Response to “Death and taxes”

extemempalty August 3rd, 2008 at 2:41 am
Thanks for the post

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.