Golden State Warriors owner Joe Lacob uncertain on future payroll
There’s no secret that Golden State Warriors’ majority owner Joe lacob has and is breaking new barriers when it comes to NBA spending. After handing out contract extensions to Jordan Poole and Andrew Wiggins, the franchise is set to rewrite history again next season when it comes to the team payroll.
If Draymond Green opts into his $27.6 million player option for next season, the Warriors could be looking at around $500 million in combined salaries and luxury tax.
The balance between business and basketball continues to be an ever-evolving aspect for Golden State Warriors owner Joe lacob.
Lacob is one of the most committed owner in all of sports, but at some point there must come a limit to what the 66-year-old is willing to spend. In a fascinating interview on The TK Show earlier this week, Lacob discussed the balance between the matter of business and winning championships.
"“It’s not possible without losing quite a bit of money at the bottom line, let’s put it that way. It is, from a business perspective, an almost insane thing to even consider. But I think we’re going to have to wait and see because the truth is, winning matters. I want to win another championship, we want to win another championship this year and I’ll probably say that again at the end of this year. Let’s see how this season goes.”"
It sounds like a fairly simple equation for the Warriors’ players and the front office — continue competing at the very end of the postseason, and the team/players will be rewarded as such. It’s not rocket science to evaluate that in order to make a return on investment, Golden State need the revenue from a host of playoff games.
With his words, Lacob is uncertain on the Warriors’ future payroll. That’s fair enough when it’s a year-by-year proposition. Yet with his pockets, he continues to show a willingness to tread where no NBA owner has before.