Warriors owner fined $500K for publicly discussing collective bargaining

Sporting News

The NBA has fined Warriors owner Joe Lacob for $500K for violating the league’s policy by publicly discussing collective bargaining talks.

Lacob called the luxury tax system “very unfair” on a recent episode of the Point Forward Podcast hosted by current and former NBA players Andre Iguodala and Evan Turner.

“The truth is, we’re only $40 million more than the luxury tax, Lacob said on the podcast.”

“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.”

Last season, Golden State paid $171 million in luxury tax, and they’re projected to pay $181 million next season. 


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