Within hours of the Jordan Poole deal, the Golden State Warriors have also renewed the contract of Andrew Wiggins. The franchise extended the deal, which would have expired in summer 2023, to 4 more years and $109 million total. This is an all-too-beneficial contract for Golden State, as Wiggins was coming off a max-salary deal signed years ago with Minnesota. Wiggins\’ final year will be a player option.
With Poole and Wiggins, the Warriors\’ two best young players have thus renewed: both through 2027. The only bone of contention now remains Draymond Green, also expiring in 2023 (with the option to continue another year thanks to a $27 million or so Player Option).
With all these new salaries and Green\’s confirmation via Player Option, it has been estimated that the Warriors in the 2023-24 season will pay more in luxury tax than in payroll. Overall, owner Joe Lacob will shell out $483 million: more than he spent in 2010 to buy the entire franchise ($450 million).
Golden St. payroll and tax penalty in 2023/24 will likely exceed $500M once the roster is filled.
That factors in Draymond Green opting-in to his $27.6M player option.
With 12 players
💰Salary: $215M
💰Tax: $268M💰💰Total: $483M
– Bobby Marks (@BobbyMarks42) October 15, 2022
