Warriors owner Joe Lacob fined $500,000 for violating NBA policy after criticizing luxury tax

The Warriors paid a $170 million luxury tax for the 2021-2022 season

Joe Lacob, owner of the Golden State Warriors, attacked the NBA's luxury tax system earlier this month in the hopes that it would reach the ears of those who needed to hear it.

They did, and as a result, the long-time owner received a $500,000 fine, according to a report.

Lacob, who has won four NBA Championships during his time with the Warriors

was fined $50,000 for breaking the league's rule against discussing collective bargaining in public.

According to ESPN, Lacob said the luxury tax was "unfair" in an episode of the Point Forward Podcast on July 15

Unfortunately, managing this luxury tax is the hardest thing of all, he continued. This week, I returned to New York for labour meetings.

The luxury tax is only $40 million more than we are, he continued. That's not a small amount, but it's also not a huge one either.

. Since this enormous penal luxury tax accounts for the most of the $200 million excess, we have overspent.