Poole-Wiggins’ new deals take the Warriors’ 2023-24 budget to $483 million

The Warriors have shown in practice that they don’t care how much money they spend to nurture their roster. Any doubts about that have probably been dispelled by the news that Golden State has offered Jordan Poole a four-year, $140 million deal and Andrew Wiggins, a four-year, $109 million deal. Somehow the Warriors are about to make history.

According to ESPN reporter Bobby Marks (salary cap expert), the Warriors’ budget for the 2023-24 season is expected to increase to $483 million (!) if Poole and Wiggins’ new contracts are activated! A necessary condition for this is that Draymond Green decides to activate the option for the last year of his $27.5 million contract.

But why will the amount reach these incredible heights? Because of the luxury tax that is imposed on teams when they exceed the salary cap and blows the budget. Based on the contracts the Warriors currently have on their roster, they are expected to pay around $215 million in player salaries during the 2023-24 season. The other $268 million is the luxury tax they have to pay the league for exceeding the salary cap!

Of course, what’s even more interesting is that the Warriors have a strong chance of breaking the $500 million barrier. The reason; They currently have 12 players under contract for the 2023-24 season, with Golden State signed, three more players on guaranteed contracts (which is a given no team starts a season with 12 players) and two more with a two-way – contract to commit .

Admittedly, one might wonder how the Warriors can give away such large sums of money and still remain a profitable business. The answer is that the NBA’s television contract, along with revenue from other sources – most notably the team’s new stadium – covers more than the amounts paid in player salaries. Yes, that’s right, the Warriors are expected to gross more than $483 million in player salaries in the 2023-24 season. That’s how profitable the NBA is. Another world. From every point of view.