HomeSportsWarriors Expected Salary, Luxury Tax Bill for '23-24 After Poole, Wiggins Contracts

Warriors Expected Salary, Luxury Tax Bill for ’23-24 After Poole, Wiggins Contracts

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The Golden State Warriors could expect a large luxury tax bill in 2023-24.

Jordan Poole agreed early Saturday to a four-year, $140 million extension, according to ESPN’s Adrian Wojnarowskiwhile Andrew Wiggins signed his own four-year $109 million contract, per Wojnarowski.

It could create a $483 million bill in 2023-24 between the paycheck and the luxury tax, according to ESPN’s Bobby Marks.

Bobby Marks @BobbyMarks42

Golden St.’s payroll and tax penalty in 2023/24 is likely to exceed $500 million once the roster is completed.

That causes Draymond Green to opt for his $27.6 million player option.

With 12 players

💰Salary: $215 Million
💰Tax: $268M

💰💰Total: $483M

Marks provided a breakdown before Wiggins’ extension, noting that the Warriors could pay $530 million next season if Green stays with the team.

Warrior Salaries 2023-24

Stephen Curry – $51.9 million

Klay Thompson – $43.2 million

Jordan Poole – $31.3 million

Draymond Green – $27.9 million*

Andrew Wiggins – $24.3 million

James Wiseman – $12.1 million

Kevon Looney – $7.5 million

Jonathan Kuminga – $6 Million

Donte DiVincenzo – $4.7 million*

Moses Moody – $3.9 million

Patrick Baldwin Jr. – $2.3 million

Ryan Rollins – $1.7 million

* player option

Poole will make just $3.9 million in 2022-23, with the guard renewing not until next year, but the Warriors already have the highest payroll in the NBA with a total cap of $202.1 million, per year. spotrac.

It leads to a luxury tax bill of $170.2 million, which is also the highest in the league.

There was a similar story last year when the NBA Championships brought in a $170.3 million luxury tax, the only team to have more than $100 million. Only seven teams in the league were forced to pay taxes for crossing the $136.6 million threshold.

Golden State has largely built its team through design, including core Stephen Curry, Klay Thompson and Draymond Green. Poole has also exceeded expectations after being drafted 28th overall in 2019.

Wiggins was one of the few outside additions, arriving in a 2020 deal from the Minnesota Timberwolves, although there weren’t many other teams willing to take over the attacker’s contract at the time.

It has still led to a high salary cap as the organization tries to retain its top talent.

The Warriors have young players like James Wiseman, Moses Moody and Jonathan Kuminga on the roster waiting for their chances, but they may not get the chance until their own contracts expire.

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