And let’s keep it 300 only reason Lacob have no issues going into the luxo tax is because of Steph…. No owner is in league willing to dive that deep in the luxo tax… Steph is literally the system and organization…
No that's not it.. Lacob actually sold 5% of the Warriors JUST TO PAY THE TAX...
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www.yardbarker.com
Then turned around and sold ANOTHER 6% to get even more cash
Arctos Sports Partners is increasing its stake in the Golden State Warriors, to 13% from 5%, in a deal that values team at $5.5 billion.
www.sportico.com
And after all that, puts all the profits back into the team
"We spend everything we make.
We don't take any distribution [money]. Never taken a dollar. None of our partners have taken a dollar. We just pile it back into building an arena, which we did for five years. We were making a lot of money in Oakland the last few years. We piled it into this arena without public help. And now when we're in a stage where our players have gotten ... been with us longer and they make more money and we want to retain them, we want to continue going for championships,
it's piling all that money into player salaries. And that's what we've done here last year and the last few years
and we'll again do this year."
That's what other owners won't do. That's why he said light years. Because instead of saying "we don't have the money or don't want to pay that." he said "not only will I pay it, but I'll sell off the team to pay it, cause when we keep winning, it'll pay us back"
Every owner would go into the luxury tax for their star players... Other owners ain't doing selling off the team and not taking any money from it