Wizards Owner Refutes James Harden Report

by December 15, 2012
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Wizards owner Ted Leonsis took to his blog after the report surfaced that he refused to trade for James Harden because Harden’s contract would have put the team in the luxury tax. Leonsis wrote, “I would like to debunk though a statement and notion that originated in The Washington Post that a potential trade would have put our team in the luxury tax and thus we ‘turned down’ a deal because we were ‘unwilling to commit’ financially. That is simply not true. First, we would not have gone into the luxury tax – that is simple math. Second, economics were not a factor. I am not shy about making financial investments in our teams. Simply look at the history of the Capitals and see the progression of our payroll. Additionally, the Wizards used the amnesty provision this past offseason as a financial tool to reconfigure our team. It is public knowledge that we have taken on some of the most significant contracts in the NBA and NHL. We have a track record, and these are concrete examples. Our fans know we will invest in our teams. I hope this sets the record straight, and if the anonymous sources would like to debate the facts and what I know to be the truth, then I welcome them to come forward. Thank you.”