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Analyzing Klay Thompson’s Contract Extension: Debating the Price Tag for the Warriors

Klay Thompson’s contract will expire next summer. At the end of this off-season, there was news that he and the Warriors were discussing a contract extension. However, it was initially reported that the Warriors’ offer did not meet Thompson’s requirements. He wanted a four-year, The two sides are still fighting over a contract with an average annual salary of more than 30 million, but how should the Warriors price Thompson’s contract extension this time? Is there a gap between emotion and reality?

Weapons are sharp, cutting iron like clay. The wind is blowing sharply, and the iron is as strong as a stick. I hope there can be more discussion and sharing of various opinions on watching the game.

In less than a week, the NBA 2023-24 season will begin. In other words, the approximately four-month offseason will also come to an end. As a popular team, the Warriors seem to have a way to win in the offseason. The beginning and end of the article strive to stay in the discussion.

Just after the championship game and entering the offseason, the Warriors first had the issue of how to renew Draymond Green’s contract in the market. As a result, on the first day of the free market, the Warriors offered Green a four-year, $100 million price tag. Contract renewal (of course, Jordan Poole, who had a conflict with Green last offseason, was traded to the Wizards before the free market opened, is another topic), and the lineup is probably well organized and ready for the new season this season. At the opening, the issue of contract extension between the Warriors and Klay Thompson appeared on the market again.

In the 2019 off-season, Thompson signed a five-year, 190 million maximum salary contract with the Warriors. This was the highest courtesy that Thompson could receive at the time and that the Warriors could provide. This contract will expire in 2024, that is, next year. When the summer expires, 2023-24 will be the last season for the Warriors and Thompson to cooperate under the current contract. According to the trend in recent years, most big-name players will discuss contract extensions with Ham before the end of their contracts, and may not enter free agency. In the market, those who will actually reach the contract year are cases in which they cannot reach an agreement with the parent team, or there are even more problems.

Since there is no problem between Thompson and the Warriors, it is normal to talk about renewing the contract in advance. However, compared to the Warriors and Stephen Curry who made the decision to renew the contract without thinking in recent years, Thompson is obviously another one since Green. A topic worthy of discussion.

Let’s talk about the market trend of early contract renewal

Probably in the first dozen years of the 21st century, that is, almost until 2015, in the understanding of NBA operators and many fans, there was still the idea that “if an expired contract is obtained in a trade, it can be vacated in the off-season.” “Plenty of salary space” thinking, even when discussing buyers and sellers every off-season, those with “vast salary space” will be regarded as the big buyers in the market, especially if these situations occur in big-market football Team, it leaves even more room for imagination. Until now, some people may still discuss whether to “keep the expired contract to strengthen in the off-season” and so on, but the market in recent years has told you that This idea is no longer mainstream in the market.

In 2019, first-line stars such as Kevin Durant, Kawhi Leonard, Kyrie Irving, and Jimmy Butler all entered the free market pool, making the free market that year the most popular competition in recent years. However, taking KD and KI as an example, The two later failed to join forces with the Nets for a long time. KD first extended the contract in 2021, but KI was unable to play at home in New York due to various off-court incidents he had caused, and even because he was unwilling to get vaccinated after the Wuhan pneumonia epidemic. Problem, the Nets have always lacked interest in keeping him long-term. In the end, he was traded to the Mavericks before entering the free market. He became one of the few star players who appeared on the free market in recent years and had to re-sign his contract. However, since the collective bargaining agreement requires all free agents to renew their contracts with their home team in order to get the highest contract, even if KI enters the free market, all parties believe that he will sign with the Mavericks first, and then trade him later if he wants to leave. Changing teams so that KI can at least get a higher salary and the Mavericks have a chance to get something in return is the most practical approach.

Even in cases like KI, the main focus is on renewing the contract with the parent team. You can know that the free market is for those like Jalen Brunson whose value has increased significantly to the point where the original contract extension stipulations can provide more money than the market contract. The use of low-priced players, those players who have already performed well and whose market prices have been determined for a long time, is a two-way street. If the home team intends to keep people, they should prepare to renew their contracts early. The contract prices that they should get are a dime, and the two teams may still break up. We will move forward to renew the contract. It is just a matter of negotiating a deal at the right time and when the buyer appears. In this way, the money the players will receive will not be less, and they will not have to accept higher fees like KD left the Warriors and joined the Nets in 2019. With a low-priced contract, the parent team can also exchange for a more equal return, and will not be limited by the signing and exchange rules that make trading difficult.

Judging from this premise, Thompson is an established player that the Warriors are willing to keep at the maximum salary even if he has suffered a major cruciate ligament injury in 2019. Therefore, under normal circumstances, negotiating a contract extension in advance is normal behavior, and the Warriors have no reason to let him Entering the free market next year is just like Green’s previous price discussion. The price and contract length are the focus of the Warriors and Thompson this time.

It’s no longer the maximum salary, but how much should it be?

The last contract the Warriors offered Thompson was worth real money, a dime. Considering Thompson’s contribution to the Warriors’ championship journey and his emotional significance to Warriors fans, the Warriors must offer the highest salary they can, but To be fair, with only one year left in this contract, that is, four years have passed, looking back at Thompson’s contribution in the past four years, it is honestly relatively small. In these four years, Thompson has suffered from a cruciate ligament injury in his left knee and a right knee injury. He suffered a serious Achilles tendon injury in his foot for two years, and only played 32 games in 2021-22. His attendance rate is undoubtedly low. Although Thompson is not without his contribution to the Warriors’ championship in 2022, it is still compared to his overwhelming performance before the serious injury. After a serious injury, Thompson does not seem to be able to return to the level where he undoubtedly received a maximum salary.

2023-10-19 05:16:40

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