Report: Klay Thompson’s camp ‘frustrated’ Warriors have yet to offer a max contract extension

28 Comments

There’s been a lot of talk surrounding Klay Thompson this offseason, and just how much value he brings to the Warriors organization.

Enough, evidently, for the team to pull him off the table in the summer’s trade talks for Kevin Love. But not yet enough to offer him a max contract extension.

That last part is reportedly causing some frustration on Thompson’s side, with the deadline to come to an agreement less than a week away.

From Marc Spears of Yahoo Sports:

Klay Thompson’s camp is frustrated that the Golden State Warriors haven’t offered a maximum contract in their ongoing extension talks with Friday’s deadline nearing, sources told Yahoo Sports.

Thompson is seeking a maximum deal paying upward of $15 million per season, a source said. The Warriors have improved their offer to get in the vicinity but have not offered a full maximum contract, sources said. …

Warriors owner Joe Lacob has yet to become comfortable offering a maximum extension, sources said. A source close to Thompson said any offer shy of a max would be “absurd” considering his improvement and the influx of money to come to NBA teams from the next television contract.

It’s important to note here that Thomson’s “camp” isn’t necessarily Thompson himself. Earlier this summer it was reported that Thompson was “pissed” that the Warriors had even considered trading him, when he came out later and said that wasn’t even close to being the case.

Agents are most likely to leak this kind of information, for obvious reasons. But if the Warriors truly believe they can save a few million per season on Thompson’s next deal, his future status as a restricted free agent means that they hold (almost) all of the leverage.

A max deal now may, however, be in Golden State’s best interest.

While Thompson has said he prefers the security of a long-term deal now instead of¬†waiting until the cap increases significantly due to money from the new broadcast rights deal hitting in the summer of 2016, things could change if the relationship were to go south. There’s far more money for Thompson to make by waiting, and we’ve seen restricted free agents like Greg Monroe choose to play under a one-year qualifying offer to place a very large bet on themselves.

In much the same way Stephen Curry’s deal was questionable at the time due to his history of injury but looks like an incredible bargain now, Thompson at the current max money level may seem like a reasonable contract when the salary cap skyrockets in a couple of years, as long as he continues to improve as expected.