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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Kirk Lacob challenges Warriors fans to find Bob Myers' Reddit account

Kirk Lacob challenges Warriors fans to find Bob Myers' Reddit account

Warriors president of basketball operations/general manager Bob Myers does not spend his day scrolling through Twitter.

Why not? Because the two-time NBA Executive of the Year does not have an account.

"Bob's a Reddit guy. Bob is deep on Reddit," Kirk Lacob -- Golden State's vice president of basketball operations -- said this week to Grant Liffmann and Kerith Burke on the "Runnin' Plays" podcast. "All of the subreddits. See if you can find Bob's Reddit account.

"I'll challenge anyone listening to this -- if you can figure out Bob's Reddit username, you can post it out there. If somebody gets it right, I will tell them they got it right."

[RUNNIN' PLAYS PODCAST: Listen to the latest episode]

The clear assumption here is that Lacob was kidding, and Dub Nation won't ever locate the username because it doesn't exist.

But if Myers really does have an account, and somebody finds it, will Lacob give the fan season tickets at Chase Center?

[RELATED: Will Dubs contend for '21 title? 'Hell yes,' Kirk Lacob says]

"I will give you my tickets for a game," he answered. "How about that?"

That sound you hear is Reddit users all across the world pounding away at their keyboards in search of the mystery login.

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Warriors' Steph Curry to represent franchise at 2020 NBA Draft Lottery

Warriors' Steph Curry to represent franchise at 2020 NBA Draft Lottery

The 2020 NBA Draft Lottery will be held next Thursday, Aug. 20.

Who will be representing the Warriors at the virtual event?

The franchise officially made the announcement Thursday afternoon.

"If Steph Curry ever came and said, 'I want to do this. Put me on the lottery dais,' I think it would be pretty hard to say no," Golden State assistant general manager told Kerith Burke and Grant Liffmann this week on the "Runnin' Plays" podcast. "He's a pretty lucky guy. You want somebody who has good luck to be up there representing you.

"We got some ideas as far as lucky tokens as well."

[RUNNIN' PLAYS PODCAST: Listen to the latest episode]

No pressure, Steph!

Marcus Thompson of The Athletic first reported the news Thursday morning.

The Warriors are guaranteed to end up with a top-five pick. Here is the breakdown of their odds:

-No. 1 pick: 14 percent
-No. 2 pick: 13.4 percent
-No. 3 pick: 12.7 percent
-No. 4 pick: 12 percent
-No. 5 pick: 47.9 percent

[RELATED: Will Dubs contend for '21 title? 'Hell yes,' Kirk Lacob says]

If the Dubs don't trade the selection, it will be their first time making a lottery pick since 2012 when they took Harrison Barnes at No. 7 overall.

The 2020 NBA Draft is scheduled to take place Oct. 16.

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