Unfair luxury tax that penalizes Warriors: Joe Lacob
Warriors CEO Joe Lacob has made it quite clear over the years that he will pay whatever it takes to field a competitive team.
Lacob wants to win -- badly -- and he knows that comes at a cost
And with Steph Curry, Klay Thompson and Draymond Green all locked up to massive contracts,
the price tag for the Warriors is going to be exorbitant every season.
With Andrew Wiggins now in the fold, those four players alone accounted for over $139 million in salary this past season,
By filling out the roster, Golden State's final total salary was nearly $176 million.
All that spending led to a luxury tax bill of over $170 million, resulting in the Warriors paying north of $346 million for the team that won its fourth NBA title in eight seasons.
But aside from Wiggins and free agents signed to veteran minimum contracts last summer, the Warriors were a team full of players they drafted and developed.
And it's for that reason that Lacob isn't a fan of the current luxury tax situation implemented by the league.
well above the $112.4 million cap and even exceeding the $136.6 million luxury tax threshold.