So the Golden State Warriors are looking at a $184 million luxury tax hit on the floor for next season after trading Klay Thompson and Draymond Green. These two were critical to the Warriors’ championship win and championship runs in the past few years (Green’s defense and Thompson’s scoring). The Warriors have been a model franchise for being able to move on from players that have been part of the championship roster over the years. They have been able to look at their long-term success and look at the bigger picture of being a championship franchise that will be able to keep winning during the next few years.
With an estimated value of $184 million, the Golden State Warriors are one of the most valuable teams in all of sports. Despite their routinely high payroll, they have consistently been ranked as one of the most valuable teams in the NBA. Their latest valuation of $184 million puts them just below the New York Yankees and just ahead of the Dallas Cowboys in terms of most valuable teams in the NFL.
Last summer, the Warriors signed Kevin Durant to a two-year, $61.5 million contract. They had already locked up Steph Curry to a five-year, $201 million contract. But, the team hopes to keep its core together, with Klay Thompson’s $16.7 million player option for 2021-22, and Draymond Green’s $12.3 million player option for 2020-22. The question is, how much do they need to shell out to keep the team together?
The Brooklyn Nets will beat the previous record set in 2013–14, but they will not be remembered. The Golden State Warriors, on the other hand, are on pace to break a record. Following Kevin Durant’s departure, the Warriors have missed the playoffs the past two seasons. To return to contention in 2021–22, they’ve pushed all of their chips to the middle of the table.
From 2015 through 2019, Golden State appeared in five consecutive NBA Finals, winning three of them. Durant’s defection to the Nets in the summer of 2019 and the team’s subsequent huge injuries have pushed them to the bottom of the NBA standings. The Warriors’ administration seems unconcerned with penalties as it attempts to get the club back on track.
In 2021–22, the Golden State Warriors will pay a high price for every victory.
The Nets finished the 2013 season with 44 victories and a second-round playoff exit after acquiring Kevin Garnett and Paul Pierce from the Boston Celtics. The team only lost six games as a consequence of the investment, which cost them just four first-round selections.
The payroll was the icing on the cake. According to ESPN, after that dynasty-building season, Brooklyn paid a record $90.57 million in luxury tax. Garnett, Pierce, and everything else the Nets got in the deal were gone by February 2015. At the very least, they’ll be able to continue sending draft choices to New England until 2018. So there you have it.
The result was Brooklyn’s descent into the NBA’s abyss. Sean Marks, the general manager, joined the team in 2016. He’s turned the club into a legitimate contender (this time), but it’s been a long journey back.
The Golden State Warriors are expected to surpass the luxury tax threshold of $136,606.000 by a smidgeon in the 2021–22 season. Okay, maybe a little too much. They are presently valued at $41.3 million and are in the process of changing over the apron. Due to repeater tax penalties, their season’s payment is expected to be the highest in NBA history.
For the sake of paying the tax, they can only hope to perform better than former GM Billy King did in Brooklyn.
What will the Warriors have to pay next season?
The Golden State Warriors feature a roster of 16 players and an estimated salary of $177.3 million. For tax reasons, the total rises to little about $178 million.
The Warriors will not only shatter, but also destroy, the Nets’ record for the biggest luxury tax bill. According to estimates, the punishment will cost $184 million, almost twice Brooklyn’s penalty from seven years ago.
Another group is eyeing a nine-figure tax bull in 2021–22. Because the Nets aren’t regular taxpayers, their $171.54 million luxury tax payroll will only cost them $108.4 million (and no, no one expects to ever use the word “only” when talking about $108.4 million).
This summer, the Warriors handed superstar Stephen Curry a $215 million contract deal, and he will earn $45.78 million next season. Klay Thompson has a net worth of $37.98 million, while Andrew Wiggins has a net worth of $31.58 million. Yes, the Warriors’ cap number of $112.414 million is exceeded by only three players this year.
Golden State has blasted over the tax threshold thanks to Draymond Green’s cheap contract of $24.03 million.
The Golden State Warriors’ approach isn’t bad.
The Golden State Warriors are betting big that their Big Three (left to right) of Stephen Curry, Draymond Green, and Klay Thompson can win another championship. | Getty Images/Ezra Shaw
Bob Myers, the general manager of the Golden State Warriors, is taking a calculated risk. Curry’s window of opportunity is rapidly shrinking. By the time the playoffs begin next season, he’ll be 34 years old. Thompson, who hasn’t played in two seasons, and Green will both be 32. They welcomed back Andre Iguodala, the NBA Finals MVP who will be 38 in January. Nemanja Bjelica is also above the age of thirty.
If Curry and company want to win a fourth ring, they must do it sooner rather than later. Curry has a contract that runs until he is 37 years old. However, because to his weak ankles, his career as a top player is nearing an end rather than a beginning.
It will be the most costly championship ring in NBA history if the Golden State Warriors win another title with this bunch. If they don’t, the skepticism will last for years. Billy King can attest to this.
Spotrac provided the salary statistics.
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