Programming note: Watch the NBA Finals pregame edition of Warriors Outsiders on Thursday, May 30 at 4:00 p.m., streaming live on the MyTeams app.
It is now officially official.
Klay Thompson is not eligible to sign a "supermax" extension with the Warriors this summer because the shooting guard did not make an All-NBA team (the same goes for Draymond Green).
The six guards that finished ahead of the five-time All-Star:
If Klay made one of the squads, Golden State could have offered him a contract worth about $221 million over five years.
Now, the biggest contract he can sign in July is for about $190 million over five years (assuming a projected salary cap of $109 million).
Klay -- who made an All-Defensive team for the first time in his career on Wednesday -- is expected to demand the full $190 million max in free agency.
His father, Mychal, has repeatedly said there is no reason for the two sides to even negotiate.
Golden State owner/CEO Joe Lacob has made it very clear that the Warriors can basically do whatever they want financially and intend to pay Klay what he deserves.
The Warriors have been in the luxury tax three of the last four seasons (including this year), which means they will face "repeater tax" penalties starting in 2019-20.
Although the franchise is worth an estimated $3.5 billion and the team will be practically printing money at Chase Center, the All-NBA voters saved the Warriors tens of millions of dollars annually by not rewarding Klay.