Houston Rockets

Report: Houston Rockets owner ‘hellbent’ on reducing payroll and getting team out of luxury tax

Published by
Peter Dewey

Houston Rockets owner Tilman Fertitta reportedly is “hellbent” on reducing Houston’s payroll to get out of the luxury tax.

Houston has already traded away forward Robert Covington this offseason.

In addition, it has been reported that both guard Russell Westbrook and superstar James Harden want out of Houston.

The Rockets have also moved on from head coach Mike D’Antoni and general manager Daryl Morey this offseason.

“The Rockets are in the midst of a culture shift, from the Morey and D’Antoni era to the one piloted by the team’s new GM, Rafael Stone, and its new coach, Stephen Silas — under the ownership of Tilman Fertitta, who league sources maintain is hellbent on reducing payroll and getting the Rockets out of the luxury tax business for the foreseeable future,” The Athletic’s Kelly Iko and David Aldridge wrote.

Houston is coming off a second-round loss to the Los Angeles Lakers in last season’s playoffs.

Now, it seems as if the franchise is headed for a massive rebuild should it trade Harden and Wesbtrook.

Fertitta’s desire to go under the luxury tax threshold will almost certainly come at the cost of the Rockets’ roster being less competitive next season.

Peter Dewey

Peter is a graduate of Quinnipiac University where he covered the MAAC and college basketball for three years. He has worked for NBC Sports, the Connecticut Sun and the Meriden Record-Journal covering basketball, football and other major sports. Follow him on Twitter @peterdewey2.

Published by
Peter Dewey

Recent Posts

Shaq says he would make Chet Holmgren and Victor Wembanyama quit if he were playing today

Oklahoma City Thunder center Chet Holmgren and San Antonio Spurs center Victor Wembanyama are two…

46 mins ago

Patrick Beverley makes major declaration about Steph Curry: ‘Best point guard to ever play basketball’

Former NBA guard Patrick Beverley faced off against Stephen Curry's Golden State Warriors in the…

3 hours ago

Report: Man sentenced to 12 years in prison after scamming Dwight Howard and Chandler Parsons out of $8M

A man by the name of Calvin Darden Jr. has been handed a lengthy prison…

1 day ago

Ex-Timberwolves GM told Klay Thompson’s dad that his son was ‘not a 1st-round pick’ before 2011 draft

Veteran sharpshooter Klay Thompson was selected by the Golden State Warriors with the No. 11…

1 day ago

Report: NBA players have been provoking Ja Morant’s gun gestures

Fans and other players have been provoking Memphis Grizzlies guard Ja Morant, according to ESPN’s…

2 days ago

Shaquille O’Neal says Steph Curry is more influential than LeBron James

Los Angeles Lakers superstar LeBron James and Golden State Warriors star Stephen Curry are two…

2 days ago