The National Basketball Association (NBA) has fined Joe Laycob, the owner of the Golden State Warriors, the NBA champion team, for public criticism, according to ESPN.
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Leikob was sentenced for criticizing the collective labor agreement. More specifically, the owner of the “Warriors” has criticized the luxury tax that clubs must pay if they exceed the salary cap. Golden State Club 2020-2021 In the season of 2018, luxury taxes paid 69 million US dollars, last season – 170 million, and next season they will part with 181 million.
“Unfortunately, the most difficult thing of all is navigating this luxury tax,” Laikob said on the Point Forward podcast. “I’m going back to New York this week for contract meetings. I’m on the committee in charge. Of course, the league wants everyone to have a chance, and right now the prerequisites are there for us to win this checkbook battle. . . . We won (the NBA championship) , because our team has the highest salaries.”
“Actually, we’re only 40 million over this luxury tax. It’s not a small number, but it’s not a huge number either. But we’re over 200 million overall because most of it is this incredibly appropriate luxury tax. I think it’s unfair, and I’m going to say that on this podcast and I hope it resonates with those who are listening, obviously I have my own goals in saying that, but I think it’s a very unfair system because our team is built … all the top eight players was picked by this team in the draft,” added Laycob.
Leikob will receive the punishment because the NBA prohibits club owners or their representatives from “expressing disagreements about the collective labor agreement”.
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