February 26, 2024

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NBA Fines Warriors owner Joe Lacob $500,000

NBA Fines Warriors owner Joe Lacob $500,000

The NBA has been fined the Warriors her Joe Lacob $500,000 for breaching the league’s policy regarding public discussion of collective bargaining talks, which are currently ongoing between the league and the players’ association, according to sources. Adrian Wojnarowski from ESPN.

Lacobe described the NBA’s luxury tax system as “extremely unfair” last week in point forward Podcast hosted by Andre Iguodala And the Evan Turnerper Wojnarowski.

The hardest thing of all is dealing with this luxury tax, unfortunately. I’m back in New York this week for business meetings. I am a member of 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 thinks we “win a checkbook…” We won because we had the most salaries on our squad.

The truth is, we’re only $40 million more than the luxury tax. Now, that’s not a small number but it’s not a huge number. We crossed the $200 million total because most of that is the staggering PLT tax. And what I consider unfair and I will say in this podcast I hope will come back to those who listen to it. It obviously helps me to say this, but I think it’s a very unfair system because our team is built on … all the top eight players were drafted by this team. “

Lacobe was referring to “refined.” Luxurious tax fines Awarded to teams, such as the Warriors, who have been the taxpayer in three of the previous four seasons. Last season, Golden State broke a record $170331194 Pay luxury taxes – almost break the former at the league level Record total luxuries tax payments, which were $173.3 million in 2002/03. 21/22’s seven tax-paying teams broke that record with a staggering $481,021,386 total..

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The Warriors is expected to have a luxury tax bill of $181.3 million in 22/23, according to ESPN’s Bobby Marks, who Tweets That bill could swell to over $200 million on 23/24 if the team submitted Andrew Wiggins And the Jordan Paul Accessories.