How Klay Thompson not making an All-NBA team saves the Warriors money

How Klay Thompson not making an All-NBA team saves the Warriors money

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:

First Team:
-Steph Curry
-James Harden

Second Team:
-Damian Lillard
-Kyrie Irving

Third Team:
-Kemba Walker
-Russell Westbrook

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.

[RELATEDReport: Harden, CP3 had tense exchange after losing to Dubs]

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.

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Steve Kerr issues early message to Warriors fans about next season

Steve Kerr issues early message to Warriors fans about next season

It's way too early to know what sort of expectations the Warriors will bring into next season.

Kevin Durant is a free agent, and it's anybody's guess what the two-time Finals MVP will decide. Even if he does re-sign with the Dubs, he'll probably miss the entire season as he recovers from his ruptured right Achilles.

Klay Thompson also is a free agent. And even though it's widely expected that he will return to the only franchise he's played for, the five-time All-Star will be sidelined for much (if not all) of the 2019-20 campaign as he makes the journey back from his left ACL tear.

Draymond Green and Andre Iguodala both are entering the final year of their contracts.

DeMarcus Cousins most likely is gone. Shaun Livingston might retire, or he could be waived or traded. Kevon Looney is an unrestricted free agent, and it's far from certain that he'll be back for a fifth season.

Jonas Jerebko is a free agent, Andrew Bogut is headed back to Australia, and the Warriors haven't yet extended qualifying offers to Jordan Bell or Quinn Cook.

The Warriors selected three players in last week's NBA draft, and it's unclear if any of them will be mainstays in the rotation.

There's a lot of uncertainty right now.

"We'll see what our roster ends up looking like," Warriors coach Steve Kerr told Tim Kawakami of The Athletic on Wednesday. "Everything's on the table for us going into next year -- from starting jobs, to style of play -- we got a lot to sort through. And from that perspective, I think it's exciting.

"I think our fans ... obviously we want to compete for a championship every year, and our fans probably expect that, and we've had that the last five years. But I think next year, there will be a lot of interest from our fans in watching our young players grow, and watching a team form and watching a style form. And we'll see how all that comes together.

"But I know I'm excited and our staff is excited for what's coming."

Kerr essentially is telling Warriors fans ...

... to make other plans in early June because a sixth consecutive trip to the NBA Finals looks very unlikely.

[RELATED: Kerr provides update on assistant coach Adams' job status]

There already are plenty of people in the basketball world who believe the Dubs will be fighting just to make the playoffs.

Again, it's way too early to make any sort of predictions. But Year 1 in Chase Center is going to be ...

... different in many ways.

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NBA rumors: Klay Thompson, Warriors will meet at outset of free agency

NBA rumors: Klay Thompson, Warriors will meet at outset of free agency

After the Warriors introduced their three 2019 NBA Draft picks Monday afternoon, general manager Bob Myers answered "yes" when asked if he has formal plans to sit down with Klay Thompson to discuss the future.

We learned some more details Wednesday afternoon, courtesy of Shams Charania of The Athletic:

The Warriors and free-agent All-Star Klay Thompson will meet in L.A. this week at the outset of free agency, league sources said. Should the Warriors enter the meeting with the five-year, $190 million maximum contract, both sides expect a quick agreement, according to sources.

Free agency officially opens Sunday at 3 p.m. PT.

As ESPN's Zach Lowe said Tuesday: "That max offer hasn't been communicated to [Klay] that it's for sure coming ... just because they haven't communicated that the max is coming doesn't mean it's not coming. In fact, I would be shocked -- given what he has meant to their organzation -- if it didn't come."

And as ESPN's Adrian Wojnarowski said: "You can offer your own free agent a deal at any point here. That five-year, $190 million max offer -- if it's not there for Klay Thompson on Sunday at 6:01 p.m. Eastern, the Warriors can then expect him to go out and take a meeting, meetings."

The biggest contract Thompson can get with any other franchise is about $141 million over four seasons.

[RELATEDWhy Iguodala believes KD, Klay will re-sign with Warriors]

Klay, who is expected to undergo surgery to repair his torn left ACL at some point this week, will turn 30 years old on Feb. 8. He is expected to miss a large portion (if not all) of next season because of the knee injury.

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