NBA fines Warriors owner Joe Lacob $500,000 after calling luxury tax system 'unfair

Jul 21, 2022

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.

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

Lacob was fined as the NBA doesn’t allow team owners or officials to discuss "unauthorized communications regarding collective bargaining."

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.

Source: Yahoo Sports