Report: Warriors' Joe Lacob Fined $500K After Calling Luxury-Tax System 'Very Unfair'

By: The Trend Wire

Image Credit - Respective Owner

According to Adrian Wojnarowski of ESPN, NBA fined Warrior's governor Joe Lacob $500,000 for his remarks on CBA negotiations and the league's luxury tax.

Image Credit - Respective Owner

In an interview with the Point Forward podcast, Lacob had stated that the luxury tax was a "very unjust system" (via Ali Thanawalla of NBC Sports):

Image Credit - Respective Owner

"In actuality, we only exceed the luxury tax by $40 million. That's not a small amount, but it's also not a huge one either

Image Credit - Respective Owner

Since this enormous penal luxury tax accounts for the most of the $200 million excess, we have overspent

Image Credit - Respective Owner

It's certainly self-serving for me to say this, but I think it's a very unfair system since our team is constructed by—all top eight players are all picked by this organisation

Image Credit - Respective Owner

I'll say what I think is wrong on this podcast and I hope it gets back to whoever is listening."

Image Credit - Respective Owner

According to Wojnarowski, the most recent sanction was due to "unauthorised conversations regarding collective bargaining."

Image Credit - Respective Owner

According to Spotrac, the Warriors ended the 2017–18 season with the highest NBA salary at $184 million

Image Credit - Respective Owner

exceeding the $136.6 million luxury-tax threshold. For the season, it resulted in a luxury-tax bill of nearly $170.3 million.

Image Credit - Respective Owner

The Warriors have paid more than $337 million on the luxury tax since it was implemented in 2001 than any other NBA team, according to Mark Deeks of Forbes.

Image Credit - Respective Owner

Because teams are allowed to exceed the salary cap to sign their own players, Golden State was able to cover the costs.

Image Credit - Respective Owner

The Warriors selected Draymond Green, Stephen Curry, and Klay Thompson in their respective rounds of selections

Image Credit - Respective Owner

while Andrew Wiggins was added via trade after already agreeing to a contract deal with the Minnesota Timberwolves.

Image Credit - Respective Owner

The luxury-tax rule continues to dissuade clubs from amassing talent, forcing owners to make additional payments in order to maintain the high salaries.

Image Credit - Respective Owner

For the Warriors this season, the price was definitely worth it as they won their fourth NBA championship in eight years.

Image Credit - Respective Owner

Lacob, who has a $1.5 billion net worth, can easily pay the tax and his latest fine.