Warriors’ $346 million spending spree will be hot topic at NBA owners’ meeting
The Golden State Warriors have an enviable mix of veteran stars and emerging youth that makes them the poster child of idyllic team-building to win now and in the future. It certainly helps that they have an owner in Joe Lacob willing to spend endlessly to keep the team as competitive as possible.
The Warriors have Stephen Curry earning close to $50 million – and worth every penny. The trio of Klay Thompson, Andrew Wiggins, and Draymond Green combine for an eye-popping $100 million among just the three of them next season. On top of that, the team has made moves to re-sign Kevon Looney and seem likely to lock-in standout guard Jordan Poole as well.
That would place them neck-deep into the luxury tax with a punitive bill exceeding other team’s actual payrolls. That’s certainly caught the eye of rival owners around the league and, whether fair or not, puts into question if parity still reigns given the defending champs displaying an utter lack of frugality.
According to NBA insider Marc Stein, the Warriors’ spending spree was among the topics on the docket during the NBA Board of Governors session as the NBA held the summer league in Las Vegas.
Among prime topics expected at today’s NBA Board of Governors session in Vegas: The league’s push for an in-season, soccer-style tournament as soon as 2023-24 and the payroll disparity debate stemming from Golden State’s $346 million spend last season on salary and luxury tax.
Among prime topics expected at today's NBA Board of Governors session in Vegas: The league's push for an in-season, soccer-style tournament as soon as 2023-24 and the payroll disparity debate stemming from Golden State's $346 million spend last season on salary and luxury tax.
— Marc Stein (@TheSteinLine) July 12, 2022
Warriors owner Joe Lacob himself has known about the whispers emanating throughout the league about their budget – or lack thereof.
It’ll be interesting to see how the NBA bigwigs attempt to appease the rest of the league with changes or if they leave them be entirely. The Warriors operate under the same rules as every team in the league. But it’s obviously easier to cut check after check when you own the most profitable team in the league and employ the most marketable star in the league in Stephen Curry.