NBA fines Warriors co-owner Joe Lacob $ 500,000 after calling the luxury tax system “unfair”

NBA fines Warriors co-owner Joe Lacob $ 500,000 after calling the luxury tax system “unfair”

Owner Joe Lacob of the Golden State Warriors

Warriors owner Joe Lacob was fined $ 500,000 on Wednesday after making comments criticizing the NBA’s current luxury tax system. (Thearon W. Henderson / Getty Images)

NBA fined Golden State Warriors owner Joe Lacob $ 500,000 on Wednesday for comments he made in violation of the league’s current luxury tax system, according to ESPN’s Adrian Wojnarowski.

Lacob said in a recent episode of the “Point Forward” podcast that the luxury tax is part of a “very unfair system”.

Lacob was fined for not allowing NBA owners or officials to discuss “unauthorized communications regarding collective bargaining.”

The Warriors paid an NBA record of more than $ 170 million in luxury taxes and $ 346 million in total pay last season, which turned heads in the league, especially after they won their fourth NBA title in eight seasons.

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Lacob told “Point Forward” co-hosts Andre Iguodala and Evan Turner that this system was unfair and that it punished them.

“The hardest part of all is navigating this luxury treasure, unfortunately,” he said via NBC Sports. ‘I went back to New York this week for work meetings. I’m on the committee. And you know, obviously the league wants everyone to have a chance, and right now there’s a certain element out there that thinks we ‘win the checkbook’, we won because we have the most salaries on our team.

“The truth is, we’re only $ 40 million more than the luxury tax. Now it’s not small, but it’s not a huge number. We’re $ 200 million in total because most of it is this incredible criminal luxury tax. And what I consider to be unfair, and I’m going to say it on this podcast, and I hope it comes back to the listener… and it’s obviously self-serving for me to say this, but I think it’s a very unfair system because the team ours is built by – all top eight players are all drafted by this team. “

While Wiggins was not drafted, Lacob says his team was mainly developed from scratch.

“If you develop your own boys and pay Steph Curry what he deserves and Klay Thompson what he has earned, why do I pay $ 200 million in luxury taxes? I do not think it is fair, he said.

The NBA increased its salary cap by more than $ 10 million for next season to $ 123.655 million. The Warriors paid nearly $ 176 million in salary last season, which was more than $ 39 million above the salary cap.

The Warriors’ high bill does not go away. Next season, according to ESPN’s Bobby Marksthey could pay anywhere between $ 181 million and $ 200 million.

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