The NBA has fined Golden State Warriors owner Joe Lacob $500,000 for violating the league’s policy on publicly discussing collective bargaining, which included Lacob describing the luxury tax system in a recent podcast as “Very unfair,” sources told ESPN on Wednesday.
Commentary aired on the Point Forward podcast, hosted by Andre Iguodala and Evan Turner, included Lacob defending the Warriors’ championship lineup and league-leading payroll and luxury tax bills raking in $340 million in the franchise’s 2021-22 championship season exceed.
“Unfortunately, the hardest part of all is managing this luxury tax,” he said. “I returned to New York this week for work meetings. I’m on the committee. And you know the league obviously wants everyone to have a chance, and right now there’s a certain element out there that thinks we’re ‘checkbook winning’…” We won because we had the most salaries on our team to have.
“The truth is, we’re only $40 million more than the luxury tax. Well, that’s not a small number, but it’s not a huge number. We’re a total of $200 million too much because most of it is this incredible luxury tax. And what I think is unfair, and I’m going to say it on this podcast, and I hope it comes back to everyone who’s listening. Of course it’s self-serving to say that, but I think it’s a very unfair system because our team is built by … all the top eight players are all drafted by that team.
The Warriors paid $69 million in luxury taxes in 2020-21, $170 million in 2021-22 and are expected to pay $181 million in 2022-23.
The NBA and the Players Association have started talks about a new collective bargaining agreement.
ESPN’s Bobby Marks contributed to this report.
https://www.espn.com/nba/story/_/id/34273712/sources-nba-fines-warriors-owner-joe-lacob-500000-decrying-unfair-nba-luxury-tax NBA fines Warriors owner Joe Lacob $500,000 for decrying ‘unfair’ NBA luxury tax