Overview

• The Warriors exited all sign-and-trade discussions after rebuffing packages from the Kings and Suns that failed to meet their unprotected first-round pick and asset demands.
• Their two-year, $45 million offer carries a second-year team option and requires Kuminga to waive first-year trade veto rights, terms he has repeatedly declined.
• With no rival offer sheet on the table, Kuminga risks signing the $7.9 million qualifying offer by October 1 and losing leverage in next summer’s free-agency market.
• Golden State’s luxury-tax apron around $188 million and roughly $171 million committed to its top three players leave little cap flexibility for additional moves.
• A potential compromise to guarantee about $14 million in year two—pushing total guarantees above $30 million and stripping veto rights—has been floated, but no deal has been struck.