NBA fines Lacob $500,000 for comments on luxury tax system originally appeared on NBC Sports Bayarea
Warriors owner Joe Lacob will have to write a check to the NBA offices following his remarks regarding collective bargaining.
ESPN’s Adrian Wojnarowski reported, citing sources, that the NBA fined Lacob $500,000 for his comments on the Point Forward podcast discussing league labor negotiations. Lacob discussed the luxury tax, saying the system is “very unfair”.
“The hardest of all is navigating this luxury tax, unfortunately,” Lacob told André Iguodala and Evan Turner on the latest episode of their “Point Forward” podcast.
“I returned to New York this week for union meetings. I’m on the committee. And you know, obviously the league wants everybody to have a chance, and right now there’s a certain element there that believes we’re ‘winning on the checkbook’, we won because we have the more salaries in our team.
The Golden State owner is fined because of the league’s rule prohibiting owners and team officials from “unauthorized communications regarding collective bargaining.”