The NBA has announced a new collective bargaining agreement for the league that will give players more flexibility to sign with other teams.
The new CBA, which took effect this summer, gives players more money than ever before and gives the Warriors more leverage in negotiating salary and roster bonuses.
Players will be able to sign a maximum of four years of deals with the Warriors, but that could change if the team is unable to find a replacement in free agency.
Players that sign with the Golden State team are entitled to the minimum guaranteed amount ($2 million per year) of the max guaranteed amount.
Players with one year or less remaining on their contracts can sign with any team.
Players who are signed to a one-year, $1 million contract can sign for as much as $7.5 million annually.
The Warriors have been in the middle of a salary crunch and their cap situation has been the subject of a number of trade rumors this offseason.
It’s unclear how much the team can afford to pay players to stay with the team, which is led by former coach Steve Kerr, but the team has not ruled out a move to sign players from other teams in the near future.
“This is a big change for us,” Warriors general manager Bob Myers said in a statement.
The players deserve this and I’m sure they are thrilled about it. “
As a result, we’ve set the stage for the players to be paid more money, and it is a reflection of the commitment and leadership we’ve put in to making this a team that will win championships.
The players deserve this and I’m sure they are thrilled about it.
The Warriors’ salary cap is currently projected at about $96 million for next season, which will rise to $113 million in 2020-21 and $123 million in 2021-22.
The cap is projected to reach $145 million in 2022-23 and $148 million in 2023-24.
Players are set to be eligible for a new CBL bonus in 2020, the same year they will become free agents, and a new one in 2021.
A new bonus of $3.5 to $5 million will be added to the salary cap for each team that signs a player and a bonus of up to $6.5 per team is set to become a bonus for all teams.
The CBA also has a new salary cap floor for players.
That means a team’s salary cap will increase every year, but it will stay relatively flat for the foreseeable future.
The NBA’s current salary cap stands at $103 million for 2019-20, $107 million for 2020-22, and $114 million for 2021-23.