Connect with us

Sportswire

Warriors owner fined over luxury tax comments

Golden State Warriors owner Joe Lacob recently spoke about how unhappy he is with his team’s luxury tax bill, and the complaint has now cost him even more money. The NBA has fined Lacob $500,000 after he described the league’s luxury tax system as “very unfair,” ESPN’s Adrian Wojnarowski reports. Lacob made the remarks on…

The post Warriors owner fined over luxury tax comments appeared first on Larry Brown Sports.

Joe Lacob smiling

April 28, 2013; Oakland, CA, USA; Golden State Warriors co-owner Joe Lacob smiles against the Denver Nuggets during the first quarter in game four of the first round of the 2013 NBA playoffs at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports

Golden State Warriors owner Joe Lacob recently spoke about how unhappy he is with his team’s luxury tax bill, and the complaint has now cost him even more money.

The NBA has fined Lacob $500,000 after he described the league’s luxury tax system as “very unfair,” ESPN’s Adrian Wojnarowski reports. Lacob made the remarks on the “Point Forward” podcast when defending the Warriors against talk that they simply outspend the rest of the league to win.

“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,” Lacob said. “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 are projected to pay $181 million in luxury tax next season. Lacob’s point is that three of their four highest-paid players — Stephen Curry, Klay Thompson and Draymond Green — were drafted by the team. He probably wants some tweaks to the system that punish teams less for retaining players they drafted and developed.

Rival teams have supposedly complained that the Warriors have a competitive spending advantage. Curry responded to that narrative after Golden State defeated the Boston Celtics in the NBA Finals.

The post Warriors owner fined over luxury tax comments appeared first on Larry Brown Sports.

Click to comment

Leave a Reply

Your email address will not be published.

Recent

MLB2 years ago

The Greatest Sports Call in Broadcasting History

Kirk Gibson’s 1988 World Series home run was a baseball play that occurred in Game 1 of the 1988 World...

NFL2 years ago

Rob Gronkowski “Just Joking” About Having Bucs’ Playbook

Rob Gronkowski posted a note on social media Wednesday to make clear that he was just joking when talking about...

MLB2 years ago

MLB Proposes 3-Division 2020 Play Based on Geography

MLB is one of the games genuinely faithful to its legacy, however even they are thinking about radical changes because...

NHL2 years ago

NHL Eyes December to Start 2020-21 Season

The 2019-20 NHL season has been suspended for about a month and a half now as the world fights the...

NHL2 years ago

5 Greatest Hockey Players of All-Time

This list hasn’t changed in 20 years. I can’t envision the rundown changing at any point in the near future....

NFL2 years ago

NFL Draft Made These 3 Teams Playoff Contenders

The 2020 NFL Draft spoke to an open door for NFL groups to drastically improve their lists with the expectations...

NCAAF2 years ago

Trevor Lawrence Heavy Favorite to be #1 Pick 2021 Draft

The 2020 NFL Draft is in the books and the football world is as of now amped up for the...

MLB2 years ago

Fan Made Epic Fenway Park Map in Fortnite

The COVID-19 pandemic has forestalled avid supporters from getting a charge out of baseball for about two months. While baseball...

NBA2 years ago

Vegas: Dennis Rodman Potential Successor to Kim Jong-Un

There’s a great deal of disarray encompassing the soundness of Kim Jong-un, the 36-year-old Supreme Leader of Democratic People’s Republic...

NBA2 years ago

Blake Griffin Calls Out TMZ Coverage

Detroit Pistons star Blake Griffin was as of late an objective of TMZ, which posted a strange article about him...