{"id":20799,"date":"2022-07-21T02:23:45","date_gmt":"2022-07-21T02:23:45","guid":{"rendered":"https:\/\/harchi90.com\/nba-fines-warriors-co-owner-joe-lacob-500000-after-calling-luxury-tax-system-unfair\/"},"modified":"2022-07-21T02:23:45","modified_gmt":"2022-07-21T02:23:45","slug":"nba-fines-warriors-co-owner-joe-lacob-500000-after-calling-luxury-tax-system-unfair","status":"publish","type":"post","link":"https:\/\/harchi90.com\/nba-fines-warriors-co-owner-joe-lacob-500000-after-calling-luxury-tax-system-unfair\/","title":{"rendered":"NBA fines Warriors co-owner Joe Lacob $500,000 after calling luxury tax system ‘unfair’"},"content":{"rendered":"
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Warriors owner Joe Lacob was fined $500,000 on Wednesday after he made comments criticizing the NBA’s current luxury tax system. (Thearon W. Henderson\/Getty Images)<\/figcaption><\/p>\n<\/figure>\n

The NBA fined Golden State Warriors owner Joe Lacob $500,000 on Wednesday for comments he made bashing the league’s current luxury tax system, according to ESPN’s Adrian Wojnarowski.<\/p>\n

Lacob said on a recent episode of the \u201cPoint Forward\u201d podcast that the luxury tax is part of a \u201cvery unfair system.\u201d<\/p>\n

Lacob was fined as the NBA doesn’t allow team owners or officials to discuss “unauthorized communications regarding collective bargaining.”<\/p>\n

The Warriors paid an NBA record more than $170 million in luxury tax and $346 million in total payroll last season, something that turned heads in the league, especially after they won their fourth NBA title in eight seasons.<\/p>\n

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Lacob told \u201cPoint Forward\u201d co-hosts Andre Iguodala and Evan Turner that this system was unfair and it was punishing them.<\/p>\n

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\u201cThe hardest thing of all is navigating this luxury tax, unfortunately,\u201d he said, via NBC Sports. \u201cI 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.<\/p>\n<\/blockquote>\n<\/div>\n

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\u201cThe truth is, we’re only $40 million more than the luxury 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 \u2026 and 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 \u2014 all top eight players are all drafted by this team.\u201d<\/p>\n<\/blockquote>\n<\/div>\n

While Wiggins wasn’t drafted, Lacob says his team was essentially developed from the ground up.<\/p>\n

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\u201cIf you’re developing your own guys and paying Steph Curry what he deserves and Klay Thompson what he’s earned, why am I paying $200 million in luxury tax? I don’t think that’s fair,\u201d he said.<\/p>\n<\/blockquote>\n<\/div>\n