There have been concerns about the Warriors’ ability to afford Klay Thompson and Draymond Green when their free agency years arrive, but owner Joe Lacob plans to aggressively address the situation this summer, relays Ramona Shelburne of ESPN.
Shortly after wrapping up the team’s third title in four years Friday night, Lacob said he intends to submit extension offers to both players during the offseason.
“All good things cost a lot,” he explained. “We’re going to try to sign Klay and Draymond to extensions this summer. They’ve earned the right to do whatever they want; maybe they want to wait until free agency. I can’t control that. But we’ll do whatever we can to keep them.
“We’ve proven that if we think we’re competing for a championship, we’ll be in the luxury tax. No one wants to be, but we expect to be. All I can tell you is we’re going to sit down and do our planning on how we’re going to improve the team for the future and setting ourselves up in the future. And it could go a number of different ways.”
Thompson is entering the final year of a contract that will pay him $18,988,725 next season. He has spent seven years with the Warriors and is coming off his fourth straight All-Star appearance. Green has two seasons left on his current deal, worth $17,469,565 next season and $18,539,130 in 2019/20. He has been with Golden State for six years and is a three-time All-Star.
Extensions for Thompson and Green would come at the same time the Warriors have to spend big to re-sign Kevin Durant, who is virtually certain to opt out of a $26.25MM salary and enter free agency for the third straight summer. If all three players agree to new contracts, the Warriors would likely be headed for the largest luxury tax bill in NBA history.