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

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Golden State Warriors owner Joe Lacob criticized the NBA’s luxury tax system earlier this month and hoped that whoever needed to hear it, would. 

They did, and the longtime owner was subsequently hit with a $500,000 fine, according to a report. 

Lacob, who has four NBA Championships under his tenure with the Warriors, was fined half a million dollars for violating the league's policy on publicly discussing collective bargaining talks, ESPN reported

Owners Joe Lacob and Peter Guber of the Golden State Warriors raise the Larry O'Brien Championship Trophy after defeating the Boston Celtics 103-90 in Game Six of the 2022 NBA Finals at TD Garden on June 16, 2022 in Boston, Massachusetts.  (Elsa/Getty Images)

Lacob’s comments came during a July 15 episode of the Point Forward Podcast where he called the luxury tax "unfair."

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"The hardest thing of all is navigating this luxury tax, unfortunately," he said. "I went back to New York this week for labor meetings. I’m on 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 believes we ‘checkbook win,’ we won because we have the most salaries on our team."

Golden State Warriors' owner Joe Lacob waves to fans during the Golden State Warriors Victory Parade on June 20, 2022 in San Francisco, California. The Golden State Warriors beat the Boston Celtics 4-2 to win the 2022 NBA Finals.  (Thearon W. Henderson/Getty Images))

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He continued: "The truth is, we’re only $40 million more than the luxury tax.