‣ Klay Thompson is poised to become a free agent in the 2024 offseason
‣ There is a significant gap in extension negotiations between Thompson and the Golden State Warriors
‣ The Warriors should not let Thompson become a free agent
Reporting on @RunItBackFDTV: There's a significant gap in extension negotiations for Golden State and Klay Thompson, league sources say, as current signs point to the four-time champion going into 2024 free agency.
— Shams Charania (@ShamsCharania)
Golden State Warriors star Klay Thompson is expected to hit free agency in the 2024 offseason, according to the latest NBA rumors. Thompson, who is owed $43.21 million in the 2023-24 season, signed a five-year, $189.9 million max contract in July 2019. However, there is a significant gap in extension negotiations between Thompson and the Warriors, with signs pointing to him becoming a free agent in 2024.
Earlier this month, reports suggested that Thompson and Golden State were potentially looking to agree on a four-year, $140 million extension. But a smaller deal could result in Thompson testing the free-agent market. The Warriors recently signed Draymond Green to a four-year, $100 million deal, and Stephen Curry is under contract until the 2025-26 season.
The Warriors have flexibility with Thompson’s extension due to Chris Paul’s non-guaranteed $30 million salary in the 2024-25 season. This allows them to extend Thompson without going into the second tax apron, which would limit their ability to sign players, use exceptions, or make trades.
While some fans and analysts have criticized Thompson’s performance last season, the four-time NBA champion disagrees with his critics. He led the league with 301 made three-pointers and shot 41.2% from beyond the arc. Thompson is currently 11th on the NBA’s all-time three-pointers list and needs just nine more three-pointers to move into the top 10.
It would be unwise for the Warriors to let Thompson go into free agency, given his contributions to the team and his impressive shooting abilities. The negotiations for his extension will be crucial for the future of the Golden State Warriors.