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Warriors Want A Pick, Just Not Luxury Tax
Posted By Steve Kyler On June 25, 2013 @ 9:34 am In Draft Diary | No Comments
The Golden State Warriors are looking to buy into the first round of the 2013 NBA Draft. However, the only problem is they don’t want to become tax payers along the way. The Warriors triggered a couple of tax clearing moves around the trade deadline that got them under the Luxury Tax line, but in their quest to add a young player they are again looking at the tax consequences of adding a guaranteed salaried draft pick.
The Warriors have three players with Player Options on their contracts – Richard Jefferson ($11.04 million), Brandon Rush ($4 million) and Carl Landry ($4 million). In addition, Andris Biedrins has an Early Termination Option on his final $9 million contract year. All but Landry are expected to remain in their contracts, leaving the Warriors with more than $68.9 million in likely commitments on July 1st. While the Warriors are interested in picks at the bottom of the first round, they won’t be buying into a salary that ensures they are over the Luxury Tax line when it’s said and done.
Being a Luxury Tax team on July 1st removes the mid-level exception and limits what the team can do in sign-and-trade deals. As the Warriors try to add this summer, they will need that flexibility, even if it means leaving a talented draft prospect on the table.
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