Franchises

Hawks Owner Ressler willing to pay luxury tax to build consistent winner

Tony Ressler said the next step for the Hawks is to become a perennial playoff contenderNBAE/GETTY IMAGES

Hawks Owner Tony Ressler has "said on numerous occasions" that he has "no qualms with paying the luxury tax if he believes the Hawks have a team that could be contenders," according to Chris Kirschner of THE ATHLETIC. And as of now, the Hawks will "be in the tax" for the '22-23 season. The guaranteed contracts on the roster for next season put them $7M over the projected tax line, and that increases to $13M if G Trae Young "receives the supermax." Ressler said, "This was not done by accident and we’re pretty excited about who we are and where we are." He added, "We are committed to having a very competitive payroll." Ressler: "We expect to be contenders, man. We expect to be really good." Kirschner wrote the next step for the Hawks is "to turn one season of success into a recurring theme for the franchise." They have "already financially benefitted from last season in terms of selling more season tickets for this season than last." And television ratings in Atlanta for the playoffs were "sky-high." Ressler's "commitment to this organization" has been "nothing short of extraordinary so far." Ressler: "How could we not be a true free agent destination? We think, I would argue, our facilities are as good as any, our city is as good as any, our roster is as good as any, our investment, our dollars, our commitment to spend is as good as any. It makes no sense that historically this team has not been a top-tier free agent destination" (THEATHLETIC.com, 10/25).

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