Warriors projected to be well over the luxury tax limit in the next four seasons
Following the recent announcement that the Golden State Warriors have re-signed veteran forward Andre Iguodala to a three-year, $48-million deal, one has got to wonder exactly how deep the Warriors’ pockets are considering the number of extravagant moves they’ve already made this offseason to keep their championship-winning roster intact.
As ESPN’s Bobby Marks pointed out on Twitter, Golden State is essentially mining deep below its own financial surface in hopes of winning multiple NBA titles for the foreseeable future.
— NBA on ESPN (@ESPNNBA) July 3, 2017
The Warriors, who just made Stephen Curry the highest-paid player in all of North-American major sports and also re-signed backup point guard Shaun Livingston to a three-year, $24 million extension, are nearly $43 million over the luxury tax’s cap already. That’s not even mentioning David West‘s one-year deal worth the veteran minimum of about $2.3 million, and Kevin Durant‘s own pending yet inevitable contract extension at hand. As such, The Dubs could be looking at nearly $50 million in luxury tax fees this 2017-18 season alone, and that’s only with five players on the roster currently taken into consideration.
Klay Thompson and Draymond Green will earn a combined $34 million this season, which would also explain how the Warriors’ luxury tax is expected to spike even worse in the next three years in the event that the two opt to (or likely will) re-sign with the team in the upcoming seasons.
Then again, the Warriors know very well that winning NBA championships don’t come at a cheap price. Their willingness to pay more than the league’s threshold for annual team salaries proves that money is a small matter to them compared to building a lasting dynasty over the next few years, especially when this Bay Area franchise has a ton of die-hard, affluent fans from the IT industry ready to shell out more dough for their favorite team when the season is in full swing.