Joe Lacob admits Warriors spending isn’t sitting well with NBA teams


Joe Lacob admits Warriors spending isn't sitting well with NBA teams

The Warriors haven’t been afraid to spend money to maintain the roster that has won four NBA titles in the last eight seasons.

Putting money into the roster has been one of the main calling cards for Warriors owners Joe Lacob and Peter Guber since they bought the franchise in 2010.

But to field a championship-level roster, the Warriors had to far exceed salary caps and luxury tax thresholds. That makes the roster very, very expensive.

During the 2021-22 NBA season, the Warriors had just under $176 million in taxable salaries, according to Spotrac. That adds up to a luxury tax bill of an additional $170 million. So the cost for the team that won the title in 2022 was over $340 million.

However, the Warriors are sticking to the rules to keep their own players. You only pay the high price.

Appearing on The Athletic’s “TK Show” with Tim Kawakami on Thursday, Lacob got into a back-and-forth about how much the team might spend in the years to come, while also acknowledging that other teams and the NBA are me I’m not keen on the Warriors right now.

Kawakami: “Is there a number you put up there for Bob? Or do you have a number like, ‘We can’t go over $420 [million]you know, total commitment, $450 [million]?”

Label: “You’re really good at reporting. You’re one of the smarter reporters out there, but I’ll tell you, your numbers are kind of messed up. I’ll just say that. You threw numbers out there like $400 and $500 [million].”

Kawakami: “The multiples go crazy.”

Label: “Those numbers aren’t even remotely possible. They just aren’t. I’m already struggling with the rest of the league. We’re struggling because of where we are. Actually, Vegas, I’m going to be on the NBA board of governors meet on tuesday let me tell you they are not happy it’s not just us other teams are going into the luxury tax now too we kind of blasted a hole in the system and it’s not looking good from the perspective of the league. They don’t want it to happen. And there are limits. I won’t say what they are, but there are limits to what you can do. They said we bring in a lot of revenue. We are very successful at generating revenue Brandon Schneider and his group and you are right. We had an excellent year revenue wise. We made it to the finals. That’s obvious. But I can also tell you that the expenses ungla are common, all-time record. Not just player salaries, but everything else. So everything adds up. We spend everything we earn. We do not take distributions [money]. Never took a dollar. None of our partners took a dollar. We’re just putting it back into building an arena, which is what we’ve been doing for five years. We’ve made a lot of money in Oakland over the last few years. We stacked it in this arena with no public help. And now that we’re in a phase where our players are… with us longer and making more money and we want to keep them, we want to keep going for championships, it means putting all that money into player salaries. And that’s what we did last year and the last few years here and we’re going to do it again this year.”

The Warriors’ tax bill might not be that big for the upcoming 2022-23 season depending on how they fill out the roster. But in the years to come, with renewals looming for Andrew Wiggins and Jordan Poole, the bill could go through the roof.

It was the effects of the luxury tax that forced the Warriors to let Gary Payton II go free rather than fulfill the offer he received from the Portland Trail Blazers.

And if the Warriors eventually have to sign Jonathan Kuminga, James Wiseman and/or Moses Moody for overtime, the bill could get even bigger.

RELATED: Warriors are no longer 2022-23 NBA title favorites

For now, however, Lacob and the Warriors’ owners are willing to foot the bill to win as much as they can while Steph Curry, Klay Thompson and Draymond Green are in their prime.

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