Three other players were fined for the incident in the fourth quarter of Indiana's 108-97 home win Tuesday. Hibbert was ejected after the skirmish, which began when he and Lee exchanged shoves under the basket after a missed shot.
The NBA said Wednesday that the Warriors' Stephen Curry and Klay Thompson and the Pacers' Lance Stephenson were fined $35,000 each for escalating the fight.
Lee had to miss Golden State's game Wednesday night in New York against his old team, the Knicks. Coach Mark Jackson said he was very surprised by the penalty.
"Didn't think he deserved it. The league made a decision, we don't agree with it," Jackson said. "We're a no-excuse basketball team, the mission remains the same. The New York Knicks are our opponent and we will act accordingly.
"But I do not agree with the decision and I mean, I'm sure the film doesn't, either."
Draymond Green started in place of Lee, who lost more than $115,800.
Hibbert will sit out Thursday at home against the Clippers. He will forfeit more than $124,000.
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