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Reading: Warriors Owner Joe Lacob Fined $500,000 For Criticizing Luxury Tax Rules On Andre Iguodala’s Podcast
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Home > NBA News & Analysis > Warriors Owner Joe Lacob Fined $500,000 For Criticizing Luxury Tax Rules On Andre Iguodala’s Podcast

Warriors Owner Joe Lacob Fined $500,000 For Criticizing Luxury Tax Rules On Andre Iguodala’s Podcast

Ishaan Bhattacharya
Jul 21, 2022
2 Min Read
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Credit: Darren Yamashita-USA TODAY Sports

The Golden State Warriors have seen their team have strength in numbers in a way very few other teams have. The depth of the Warriors’ roster is commendable considering how the front office has made shrewd moves through the years to constantly acquire more assets that they can use on their championship-winning team. It worked out very well in 2022, as the franchise won another ring.

One of the reasons the Warriors have so much talent on their roster is because they are paying a hefty price for those players. The Warriors had one of the largest salary bills in NBA history and paid excessive amounts in luxury tax to keep their team together, irking other owners and executives. 

Warriors owner Joe Lacob had criticized the NBA’s luxury tax penalty during his appearance on Andre Iguodala’s podcast. The NBA doesn’t allow owners to do that, so they have given him a $500,000 fine for calling the luxury tax ‘incredibly penal‘. 

ESPN Sources: The NBA has fined Golden State Warriors owner Joe Lacob $500,000 for his recent comments on the Point Forward Podcast discussing the league’s collective bargaining talks, which included Lacob describing the league’s luxury tax system as “very unfair.”

— Adrian Wojnarowski (@wojespn) July 21, 2022

The Warriors have some major salary-cutting moves coming up with the extensions required by Jordan Poole and Andrew Wiggins. In addition, they are also coming a year closer to extending James Wiseman, who has barely been able to stay on the court in his two seasons with the Warriors.

Wiggins is on a massive contract and will need to give the Warriors a discount if he wants to stay here, as it isn’t feasible for the team to pay him and the Warriors’ big three without being deep in the luxury tax. Poole is on a million-dollar contract right now, but his upcoming extension will see him probably become a $20 million-per-year player.

It’s a massive crisis coming for the Warriors’ front office, but they have probably already prepared for this situation, as anyone could have seen it coming from a mile away. 

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ByIshaan Bhattacharya
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Ishaan Bhattacharya is a content manager for Fadeaway World from New Delhi, India. With his expertise in NBA content creation, Ishaan brings a wealth of experience to his role, contributing to the site's authority and reach within the basketball community. Over the last year, Ishaan has interviewed Ray Allen and Mark Tatum, while also covering the 2023 NBA Abu Dhabi Games which saw the Dallas Mavericks take on the Minnesota Timberwolves.Since joining Fadeaway World in March 2022, Ishaan Bhattacharya has become known for his unique perspective on the NBA. He consistently delivers this insight through his daily news coverage and detailed opinion pieces on the most significant topics in the league.Before his tenure at Fadeaway World, Ishaan worked in corporate communications, where he serviced prominent sports brands, including NBA India, Sports18, Amazon Prime Sports, and Royal Challengers Bangalore. This experience in strategic communications for leading sports entities has enhanced his ability to craft impactful narratives and connect with a global audience.A true MFFLer (Mavs Fan for Life, for the uninitiated), Ishaan is a massive fan of the Dallas Mavericks. When he is not upset about Jalen Brunson walking in free agency, you can see Ishaan as an avid gamer and content creator. His passion for basketball extends beyond the Mavericks, as evidenced by his thoughtfully curated NBA Mount Rushmore, featuring LeBron James, Michael Jordan, Kareem Abdul-Jabbar, and Bill Russell—each representing distinct eras and bringing their unique qualities to the game.Featured On: ESPN, Sports Illustrated, Bleacher Report, Yahoo Sports, NBA, Fox Sports, The Spun
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