Any doubts of the veracity of Kevin Durant’s claims of how much he enjoyed his first season with the Golden State Warriors were officially put to rest Monday, when the superstar player signed a one-year, $25 million deal, with a player option for a second season.
Yes, that is an exorbitant amount of money for anyone to make for a year’s labor. But consider that Durant, who will turn 29 years old in September, took almost $10 million less than he could’ve to remain with the Warriors, ensuring the team would be able to retain key role players Andre Iguodala and Shaun Livingston, both of whom signed in the opening 24 hours of free agency. That is how much Durant appreciates what he has in Golden State.
As one source put it, “He wants to win and have fun more than anything.”
But the move has a secondary effect. By taking less now, Durant sends a loud and clear message to the team’s management: I did my part. Now you’d better do yours — now, and in the future.
In the short-term, Durant’s decision saves the Warriors huge sums of money. While some of the numbers are fungible, with Durant’s $25 million for next season factored in with estimates of $16 million for Iguodala and $8 million for Livingston (the averages of their three-year contracts) and a roster filled out with minimum contracts, Durant saved the Warriors over $25 million in combined payroll and luxury tax commitments for next season alone with his decision to take roughly $6.8 million less than what he could have while still allowing Golden State to retain Iguodala and Livingston.
It also doesn’t seem to be a coincidence that the difference between what Durant could’ve made this year under that scenario and what he chose to take is slightly larger than the taxpayer mid-level exception, which starts at $5.1 million. That leaves the Warriors room to add another higher-quality supporting piece than they’d expected to otherwise.
It is yet another coup for Golden State, which took full advantage of the massive cap spike a year ago when they added Durant to their core of Stephen Curry, Klay Thompson, Draymond Green and Iguodala without having to break up a 73-win team — resulting in the Warriors’ second title in three years.
In the long-term, though, this is also about the players on this team making sure ownership does what it takes to keep this them together. Anyone with access to a spreadsheet and a calculator can do the hard math about how expensive this roster will get. Two years from now, when Klay Thompson hits free agency, the Warriors will be staring at some truly historic luxury tax bills while also moving into the brand-new Chase Center in San Francisco.
Making some assumptions about future signings for the Warriors — including Durant signing a four-year max contract next summer and emerging rookie Pat McCaw signing a four-year deal for the equivalent of the mid-level exception when his contract expires next summer — giving Thompson a four-year max then would send Golden State’s combined payroll and luxury taxes to over $300 million for that season. That’s well more than $100 million more than any team has cost in a single season in league history — and that’s with Draymond Green one year away from signing a max contract of his own.