Warriors

Warriors have already secured $2 billion in revenue at Chase Center

Warriors have already secured $2 billion in revenue at Chase Center

The Warriors will officially open the doors at Chase Center in September.

The inaugural event -- a joint performance by Metallica and the San Francisco Symphony -- is slated for Sept. 6. The first basketball game will be an exhibition contest between the Warriors and Lakers on Oct. 5.

The plan is for the arena to host about 200 events annually, which means the Warriors are going to be making a lot of money year-round. 

Speaking of money, the building is still under construction and the franchise has already secured an unprecedented amount of revenue.

Rick Welts, the Warriors' President and COO, was a guest on Bloomberg's "Business of Sports Podcast" and was asked the following question: "The new revenue streams that you have -- be it VIP experiences, tickets sales, sponsorships -- where do you guys stand right now?"

"In a really good place," Welts answered to laughter. "We'll be opening the building with something like $2 billion in contractually-obligated income, which I think for an arena or stadium, at least up to this point, will be a record.

"Perfect storm, perfect market, perfect time. The Bay Area is on fire. Couldn't be a better economic time, couldn't be a better basketball team and couldn't be a better city to be building an arena."

Welts revealed that the $2 billion is more than double what the team originally projected.

Perhaps this is why CEO and owner Joe Lacob told Tim Kawakami of The Athletic back in February that the Warriors "can do whatever we want (financially). And you should expect that that’s not going to be a reason this team … doesn’t stay great going forward. We have the capital to pay our players what they deserve. And we will."

[RELATEDSteph Curry ranks best arenas in NBA based on their popcorn quality]

It's not all good news, however. Welts said that the project is about 30 percent over budget, which means the total cost is around $1.3 billion.

"And then we say, 'Joe, just go back and look at those championship rings in your office and you'll feel much better about the whole thing," Welts jokingly said.

According to Forbes' most recent valuations, the Warriors are worth an estimated $3.5 billion.

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Warriors takeaways: What we learned in 114-95 win over Grizzlies

Warriors takeaways: What we learned in 114-95 win over Grizzlies

BOX SCORE

MEMPHIS, Tenn. -- For much of the season, the Warriors have been searching for a complete performance amid an unusual amount of injuries. 

They achieved that goal Friday evening, beating the Memphis Grizzlies 114-95 at FedEx Forum with nine inactive players. 

In its best performance of the season, the Warriors used a big second quarter to blow the game open. Rookie Eric Paschall finished with 17 points, aiding an offense carried by Alec Burks, finishing off an impressive bounce-back performance after losing to New Orleans Sunday evening.

Here are the takeaways from Tuesday night 

Alec Burks

After signing a one-year deal last summer, Burks has used his time with the Warriors to revitalize a once-promising career. On Tuesday, he continued towards that goal, scoring 29 points and grabbing eight rebounds in 36 minutes. 

Despite missing all of training camp with an ankle injury, Burks has become a dependable scorer, averaging 13.5 points through 11 games. Two weeks ago in Houston, he scored 28 points, adding eight rebounds, showing his promise. 

Burks seemed destined for big things after the Jazz selected him No. 12 overall in the 2011 NBA Draft. Through his first five seasons, he averaged 10.6 points, 2.9 rebounds and 1.9 assists per game. However, a series of stress fractures limited Burks to just 100 games from 2014 through 2016, and he has not played in more than 75 games in a season since 2013-14. 

But if he continues to play at his current level, he could not only revitalize his career, but play his way into a lucrative deal.   

Defense

Keeping with a recent trend, the Warriors were stout defensively Friday evening, holding the Grizzlies to just 40 percent from the field and forcing 14 turnovers. 

Grizzlies Rookie of the Year candidate Ja Morant struggled all night, making just 7-of-20 from the field as the Warriors diversified its defensive sets for most of the night. On occasion, they'd switch from a traditional man-to-man sets to a 2-3 zone. 

The performance is on par with Golden State's output of late. Entering Tuesday, the team allowed teams to shoot just 41.1 percent over their last two outings. 

While the Warriors have shown improvement, Tuesday's performance did highlight the team's need for a frontcourt presence as the Grizzlies outscored them 52-46 in the paint.

[RELATED: Looney, Smailagic clearned for on-court work]

Second-quarter magic

For years, the Warriors have used big runs to blow games wide open. Despite not having most of its All-Star core, Golden State gave a glimpse of the past. 

After Memphis took a two-point lead following the first quarter, Golden State outscored Memphis 33-16 in the second quarter. Alec Burks scored 10 of his game-high 29 points as the Warriors held Memphis to just 36 percent in the first half. 

Following Tuesday's shootaround, Warriors coach Steve Kerr cited that the team is finally getting comfortable playing with each other despite Golden State's myriad of injuries. If the team can keep up the recent trend, it will bode well for their development as its stars rehab.

Warriors' Kevon Looney, Alen Smailagic cleared for on-court workouts

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USATSI

Warriors' Kevon Looney, Alen Smailagic cleared for on-court workouts

MEMPHIS -- After injuries ravaged the Warriors' roster during the first month of the season, the team got a bit of good news Tuesday. 

Big men Kevon Looney and Alen Smailagic have been cleared for accelerated on-court workouts, while guard Jacob Evans will be re-evaluated in two weeks.

As the Warriors continue their four-game road trip, Looney and Smailagic are expected to participate in practices with the Warriors' G League team in Santa Cruz.

While nothing is set in stone, Warriors coach Steve Kerr didn't rule Looney out of next Monday's game against Oklahoma City.

The injuries updates come as the Warriors are in peril. In the last month,  Stephen Curry broke his hand, sidelining him until at least February, while two-way guard Damion Jones fractured his hand last week. In Tuesday's injury report, seven Warriors were listed as 'out,' including guard Klay Thompson. 

Looney, who was dealing with a neuropathic issue in his hamstring, carries the most importance. In the past two seasons, the multifaceted defender helped Golden State reach the NBA Finals. In his absence, the Warriors are giving up more than 120 points per game.

[RELATED: Bowman must adapt when Warriors are healthy]

Meanwhile, Evans was showing signs of progress following a tough rookie season, shooting 50 percent from the 3-point range before a left adductor sidelined him on Oct. 28. 

As for Smailagic, the rookie was expected to contribute right away with the Warriors undermanned frontline before spraining his ankle in a training camp scrimmage. In the last week, Kerr said the 19-year old told his coach he dunked during practice, showing his recent progress.