The NBA fined Golden State Warriors owner Joe Lacob $500,000 for violating the league's policy on publicly discussing collective bargaining talks, which included Lacob describing the league's luxury tax system as "very unfair" on a recent podcast, sources told ESPN on Wednesday.
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The NBA fined Golden State Warriors owner Joe Lacob $500,000 for violating the league's policy on publicly discussing collective bargaining talks, which included Lacob describing the league's luxury tax system as "very unfair" on a recent podcast, sources told ESPN on Wednesday.
The comments, aired on the Point Forward Podcast hosted by Andre Iguodala and Evan Turner, i
ncluded Lacob defending the Warriors championship roster and league-leading payroll and luxury tax bills that exceed $340 million in the franchise's championship season of 2021-2022.
"The hardest thing of all is navigating this luxury tax, unfortunately. 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 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. 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 Warriors paid $69 million in luxury tax in 2020-2021, $170 million in 2021-2022 and are projected to pay $181 million in 2022-2023.
The NBA and Players Association have begun discussions on a new collective bargaining agreement.
ESPN's Bobby Marks contributed to this report.