Warriors Owner Joe Lacob was fined $500k because he violated the league’s policy regarding publicly discussing collective bargaining talks. Lacob doesn’t feel like the NBA’s luxury tax system is fair.
He later went on the Point Forward podcast and said, “The hardest thing of all is navigating this luxury tax, unfortunately, “Lacob said. I went back to New York this week for labor 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 believes we checkbook win… We won because we have the most salaries on our team.
“The truth is, we’re only $40 million more than the hour tax. Now, that’s not small but it’s not a massive number. We’re $200 million over in total because most of that is this incredible penal luxury tax. And what I consider to be unfair and I’m going to say it on this podcast and I hope it gets back to whoever is listening. Obviously, it’s self-serving for me to say this, but I think it’s a very unfair system because our team is built by..all top eight players are all drafted by this team.”
The $500k fine is really just a little drop in the bucket for the Warriors owner.