Warriors might cheap out on using $17.2 million Andre Iguodala trade exception
The Golden State Warriors currently find themselves in a shaky situation heading into the 2020-2021 NBA season. They currently possess a valuable asset in the trade exception acquired last summer, when it dealt forward Andre Iguodala to the Memphis Grizzlies. The Warriors didn’t take back any money in the Iguodala trade, so they got a trade exception worth his entire 2019-20 salary of just under $17.2 million instead.
The Athletic’s Anthony Slater reports that it would have to be a “special opportunity” to convince the Warriors to absorb a contract into that slot. A $17.2 million player could very well yield a difference-maker for any team, but the Dubs might not be willing to commit more money into anyone short of a star.
In addition, the Warriors already have a thin roster at hand in the aftermath of building a high-octane group that went to the NBA Finals for five-straight years from 2015 to 2019. They barely have any fluidity to work around with Stephen Curry, Klay Thompson, Draymond Green, and Andrew Wiggins all being owed over $130 million, almost as much as the $132.7 million luxury tax figure from last season.
The organization will also be dealt with the losses coming with the absence of fans attending the newly-opened $500 million Chase Center. This leaves them with just television revenue left to rely on. The national TV deal is fixed, and income generated by it will only depend on how many games are played.
According to CBS Sports’ Sam Quinn, reports from the summer suggested that ownership wanted to raise $250 million through loans to help the team recuperate from the losses brought by the coronavirus pandemic.
The upcoming offseason will be a busy one for the Warriors as they aim to brave through the different hurdles and still attempt to put together a competent team for the coming 2020-2021 NBA season.