The Golden State Warriors, the current defending champions announced that they had resigned free agents David West, Zaza Pachulia, Shaun Livingston, Andre Iguodala, Kevin Durant and Stephen Curry all to new contracts. Terms of the agreements, however, were not released due to team policy terms.
Even though the Golden State Warriors could not give out details of the contracts, various media sources had already reportedly revealed the details. Shortly after the NBA free agency market opened the 2015 & 2016 MVP, Stephen Curry agreed to a super-max deal which is worth approximately $201 million over five years.
Kevin Durant agreed to a deal worth about $53 million over two years. David West agreed to a one year deal, Shaun Livingston signed a deal worth $24 million over three years, Zaza Pachulia agreed to a contract worth $3.5 million over one year, and 2015 Finals MVP Andre Iguodala agreed to a three-year deal worth $48 million.
The signings were all made official Tuesday
On Tuesday the Golden State Warriors officially announced the re-signings of Kevin Durant, Stephen Curry, David West, Zaza Pachulia, and Shaun Livingston. All six of these players have already confirmed they would be staying in the Bay Area.
This is the best case scenario for the Golden State Warriors this summer. Not only were the Golden State Warriors able to retain the services of all their important key free agents but Kevin Durant is also helping out the Warriors by taking a larger pay cut than many expected, Anthony Slater of San Jose Mercury News reports.
Free agency was never smooth sailing for these Warriors
One of the main questions during the summer surrounding the Warriors offseason was whether the Warriors would be able to keep their team together especially with the new harsher salary cap rules. Fans wondered if any fan favorites were a key factor in the Warrior's championship success in recent years.
However, it has not affected the Warriors in the short term as the Warriors even had enough money to spare to attain the services of small forward Nick Young. However, in 2019 Klay Thompson will become a free agent, and in 2020 Draymond Green's contract will expire. Bobby Marks for the Vertical predicts that the Golden State Warriors will have to potentially pay up to $1.4 billion in luxury tax and salary cap penalties to keep this championship team together.
The ownership group of the Golden State Warriors has no problem with spending money to turn the Warriors into one of the greatest basketball teams of all time and with the Warriors calling the Chase Center home starting from the 2019-20 season, more revenue will start pouring into the organization. However paying over $1 billion in cap penalties is still a hefty price to pay the keep the Warriors current domination going.
