According to ESPN’s Adrian Voinaroski, the NBA fined $ 500,000 on Wednesday for comments by Golden State Warriors owner Joracob accusing the league of the current tax system.
Racob said in a recent episode of the “Point Forward” podcast that luxury tax is part of a “very unfair system.”
Racob was fined because the NBA did not allow team owners or officials to discuss “illegal communication about collective bargaining.”
The Warriors paid more than $ 170 million in luxury tax and more than $ 346 million in total salary NBA records last season. It took the lead in the league, especially after winning the fourth NBA title in eight seasons.
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Racob told Andre Iguodala and Evan Turner, co-hosts of the “point forward,” that the system was unfair and punishing them.
“Unfortunately, the hardest part is navigating this luxury tax,” he said. Via NBC Sports.. “I’m back in New York for a labor conference this week. I’m on the committee. And obviously, the league wants to give everyone a chance. Currently the highest paid team on the team. Therefore, there is an element that we believe that the checkbook wins.
“The truth is that it’s only $ 40 million more than a luxury tax. Well, it’s not small, but it’s not a huge number. We’re in total because most of it is this incredible fine tax. It’s over $ 200 million. And what I find unfair is to say in this podcast, I hope it comes back to those who are listening … and obviously I do this It’s self-serving to say, but I think it’s a very unfair system. Our team is built by — the top eight players are all drafted by this team. “
Wiggins wasn’t drafted, but Racob says his team was essentially developed from scratch.
“If you’re raising your own man, paying Stephen Curry the right amount, and paying Klay Thompson the amount he earned, why would I pay $ 200 million in luxury tax? I don’t think it’s fair. “
The NBA has increased its salary cap by more than $ 10 million next season to $ 123.65 million. The Warriors paid nearly $ 176 million last season. That’s more than $ 39 million more than a salary cap.
The Warriors’ high-priced invoices will not disappear. Next season, According to ESPN’s Bobby MarksThey could pay anywhere between $ 181 million and $ 200 million.
