Klay Thompson’s dad assured me Friday night that NBA finances and salary caps be damned, Klay isn’t going anywhere. Klay Thompson has one more year on his Warriors’ contract, then he can become a free agent, unless the Warriors lock him up with a long-term deal.
“Oh yeah, you can mark it down,” Mychal Thompson said at a party to kick off the Thompson Family Foundation’s first charity golf tourney. “Klay’s going to retire in the Warriors’ uniform. He’s going to play at Chase Center (the Warriors’ new arena, opening in 2019), and he’s not going to be at Chase Center as a visiting player, he’s going to be a Warrior for the next seven or eight years.”
“He’s got such a good thing here,” Mychal Thompson said. “The Warriors have such a special thing here. For the next six or seven years they’re going to be championship material, they’re not going to break that up. The Bulls (with Michael Jordan) were broken up too prematurely. (Warriors owners) Joe Lacob and Peter Guber aren’t going to let that happen. Are you kidding? They can afford it. They’re the Warriors, this is the Bay Area, they got a beautiful arena, and money’s no object for this team.”
To ensure that, would Thompson entertain securing an extension with the Warriors before or during the 2019-20 season? Or would Thompson prefer to become a free agent in 2019, potentially to maximize his earnings? “It’s tough to say,” Thompson said. “I’d definitely be interested. But at the end of the day, I’m going to be a free agent in 2019. Number one on my list would obviously be to stay with the Warriors.”
En route to his second successive performance as the most valuable player in the finals, Durant made multiple proclamations to the news media that he intends to re-sign with the Warriors this summer. Lacob, meanwhile, is intent on signing Kerr, who has one season left on his deal with the team, to a contract extension as soon as possible. Extension offers to Durant’s and Stephen Curry’s fellow All-Stars, Draymond Green and Klay Thompson are likewise forthcoming, according to Lacob.
For the Warriors, that is going to start being a very expensive proposition as Durant, Thompson and Green are all in line for massive new contracts in the next few years. Lacob said Friday night that he intends to offer extensions or new deals to all of them this summer.
"All good things cost a lot," he said simply. "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.”
Joe Lacob: "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’s father, former Lakers player Mychal Thompson, on 95.7 The Game, as transcribed by Drew Shiller of NBC Sports Bay Area: “Klay definitely wants to play his whole career in Golden State and the Bay Area — there’s no question about that,” Mychal explained. “He loves it up there … loves the fans. “But let’s just say that negotiations will probably continue in the summer of ’19.”
That Thompson wants to stay with Golden State isn’t groundbreaking. He has said so numerous times, even noting he might take a discount. But an extension would mean a MASSIVE discount. His max on an extension will be $102,083,386 over five years (eligible starting July 1). If he lets his current contract expire then re-signs in 2019 free agency, his max projects to be about $188 million over five years.
Albert Nahmad: Warriors would get huge salary + luxury tax savings by signing Klay Thompson to an extension, which’d kick in for 2019-20 (along with the repeater tax). How huge? Over first 3 years, the ~$10M/year reduction in salary from the max could easily translate to ~$80M/year in savings.
Klay Thompson’s professed dedication to the Warriors and the Bay Area isn’t just words. He said he wants to stay and he’s already taking the steps to do so. According to multiple sources, Thompson and the Warriors have already engaged in discussions regarding a contract extension. If the sides agree this offseason, Thompson would not hit the free-agent market for up to another five years.
What’s more, two sources said talks have included Thompson taking an extension with an average of around $23 million a year — which would come out to about four years, $92 million, nearly $50 million less than he could get on the open market — and puts his five-year total at $111 million. The final numbers won’t be, and can’t be known until July as Durant’s contract status will impact Thompson’s extension. Of course, there is no guarantee the sides reach an agreement this summer.
August 11, 2022 | 3:12 pm EDT Update
The National Basketball Association (NBA) and National Basketball Players Association (NBPA) announced today that they will honor the life and legacy of 11-time NBA champion and civil rights pioneer Bill Russell by permanently retiring his uniform number, 6, throughout the league. The iconic Naismith Memorial Basketball Hall of Famer will be the first player to have his number retired across the NBA.
“Bill Russell’s unparalleled success on the court and pioneering civil rights activism deserve to be honored in a unique and historic way,” said NBA Commissioner Adam Silver. “Permanently retiring his No. 6 across every NBA team ensures that Bill’s transcendent career will always be recognized.”
In addition to retiring Russell’s number, the NBA will pay tribute to the Boston Celtics’ legend throughout the 2022-23 season. All NBA players will wear a commemorative patch on the right shoulder of their jerseys, and every NBA court will display a clover-shaped logo with the No. 6 on the sideline near the scorer’s table. The Celtics, for whom Russell played his entire career and coached, will have a separate and unique recognition for him on their uniforms, to be announced soon. Russell’s jersey number, which he wore for his entire 13-season career from 1956-69, will not be issued again by any NBA team to any player. Players who currently wear No. 6 will be grandfathered.
BasketNews: Milwaukee Bucks coach Mike Budenholzer is at WizInk center for Spain v Greece alongside Giannis Antetokounmpo 👀 🎥 @SamiHasaballa
A group of Voyager Digital customers claimed in a lawsuit filed Wednesday that billionaire Dallas Mavericks owner Mark Cuban helped lure customers to the company, contributing to investor losses of $5 billion.
The class action lawsuit, filed in Florida federal court, alleges Cuban heavily promoted the cryptocurrency platform in a way that misled unsophisticated investors. The lawsuit also named Voyager CEO Stephen Ehrlich and the NBA’s Dallas Mavericks as defendants.
August 11, 2022 | 2:41 pm EDT Update
Following convincing yesterday’s win against Finland, Lithuania repeated the trend in tonight’s game as well. NBA duo of Jonas Valanciunas and Domantas Sabonis dominated under the baskets and guided Lithuania to another comfortable 87-52 (29-9, 22-15, 16-8, 20-20) win over Finland in Vilnius.