One of my favorite quotes ever from an NBA owner: “ We have a (salary) cap, but we also have a (salary) floor, and you do have to spend it.” Jeannie Buss.
The full quote, in context, which is also hilariously honest: “ “Absolutely. Kobe is worth every penny, and I’d never had any doubt that he’d contribute to this team … We have a (salary) cap, but we also have a (salary) floor, and you do have to spend it. This is a team that’s paying $10 million to Steve Nash, and $9 million to Jordan Hill, so we have those two players for $19 million, so Kobe for $24 million sounds pretty good (laughs). Especially since the $10 million player isn’t going to play for us this year.”