NBA Rumors: Warriors Withdraw Klay Thompson Extension Offer

‣ The Golden State Warriors are reportedly no longer offering Klay Thompson a new contract extension, despite previously offering a deal of two years in the range of $48 million.
‣ Thompson’s performance this season may have influenced the decision, as the five-time All-Star is averaging career lows in several areas, including a 39.7% shooting from the field and 34.3% beyond the arc.
‣ Despite Thompson’s struggles, the Golden State Warriors are still considered one of the top contenders for the 2024 NBA championship, with only six teams having better odds according to several NBA betting sites.


The NBA rumor mill is churning again. This time, it’s about the Golden State Warriors and their star player, Klay Thompson.

In September, fans were told that there were no official offers or counteroffers made for a new contract extension for Thompson. No exact salary numbers were even discussed.

Then, a bombshell report dropped on Wednesday morning. Shams Charania of The Athletic and Stadium revealed that the Warriors had offered Thompson a two-year deal worth around $48 million before the season started. But now, there’s no deal on the table.

The Golden State Warriors are currently ranked seventh in the odds to win the 2024 championship, according to several NBA betting sites. The Boston Celtics, Denver Nuggets, Milwaukee Bucks, Phoenix Suns, Los Angeles Lakers, and Philadelphia 76ers are all showing better odds.

Thompson, who’s 33 years old, is earning $43.21 million this season. This is part of the five-year, $189.9 million max contract he signed with the Warriors back in July 2019.

Before the 2023-24 season started, NBA insiders speculated that Thompson could have signed a four-year, $140 million extension. A deal worth $30-35 million per season was thought to be possible. But the Dubs never made such an offer.

So, did the Warriors reject Thompson’s extension because of his performance? In his 22 appearances this season, the five-time All-Star is averaging 15.4 points, 4.0 rebounds, 2.0 assists, and 30 minutes per game. He’s also shooting career lows of 39.7% from the field and 34.3% from beyond the arc.

Despite these numbers, the Warriors might still be interested in offering Thompson a new contract extension. The 11-year veteran is attempting only 7.8 shots from 3-point range per game, which is his lowest since the 2017-18 season. He’s making just 2.7 3s on average per game, also his lowest since 2012-13.

But that’s not all. He’s also averaging a career-low player efficiency rating of 10.1. And the two-time All-NBA member has yet to post a 30-point game this season.

Sure, Thompson started slow in his first 20 games last season. But he went on to score 30-plus points in 11 games, not including the playoffs.

The four-time NBA champ averaged 21.9 points and shot 41.2% from deep last season. He even recorded a season-high 54 points in Golden State’s 143-141 win over the Atlanta Hawks. Plus, he led the league in 3-pointers and 3-point attempts.

But if Thompson wants a new deal, he’s going to have to earn it. Especially since 35-year-old Stephen Curry has been carrying the team this season.

James Shotwell
James Shotwell
James, a dedicated writer for BasketballHour, holds a degree in English and Creative Writing. A genuine sports enthusiast and skilled betting advice provider, he writes engaging articles and valuable winning strategies for sports.

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