Warriors

Warriors

It remains unclear exactly how much financial damage the coronavirus pandemic will inflict on the Warriors, and the NBA in general.

"Golden State Warriors owner Joe Lacob has informed fellow owners of a deal he's considering with Goldman Sachs to raise up to $250 million to manage coming expenses," sources recently told ESPN's Brian Windhorst.

But Golden State's ownership group might end up going in a different direction.

"On Tuesday, Warriors sources relayed that the deal has not yet been agreed to and alternate options are being explored, including cash calls and other measures," The Athletic's Ethan Strauss writes. "Right now, the Warriors are 'looking for the best deal,' which makes them sound more like a powerful lender than a desperate borrower."

With COVID-19 forcing Chase Center's doors closed, the immense amount of revenue the franchise was supposed to generate has been put on hold.

When you combine this with the fact the NBA doesn't yet know what the salary cap and luxury tax line will be for next season and beyond, it makes it difficult to forecast spending capabilities.

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As a result, Lacob and the Warriors are unsure how much they are comfortable spending in free agency this October.

 

"Depending on the economics, we have to be smart and pragmatic," general manager Bob Myers told reporters in early June. "I can only look at past history where Joe (Lacob) has always been receptive to spending if it helps us win. We're in a very unique situation now. I have no idea what the future holds as far as some of the parameters.

"But I do know that we have an ownership group that is aggressive, and always seems to push the limits. Resources have always been a huge positive in our organization. It's a nice thing to have. Again, I only know what I've seen and been around, which is we've been spending a lot in the past."

The 2020-21 campaign won't be starting until December at the earliest, which has provided the Warriors ample time to prepare for whatever comes their way.

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Will fans be allowed at Chase Center? Will there even be games at the new arena in San Francisco, or will the NBA have to pivot towards some sort of bubble campus?

All of that is to-be-determined.

"Even if there’s much concern over whether the NBA has fans in attendance at games next season and even if the Warriors make a disproportionate amount of money off of gate revenue, you don’t sense much panic at 1 Warriors Way," Strauss writes.

For all parties involved, let's hope that perspective continues.

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