Overview

• With training camp nearing, Golden State has only nine players under standard contracts and has yet to sign anyone this offseason, with Jonathan Kuminga’s restricted free agency holding up moves.
• The Warriors’ reported offer is two years and $45 million with a second-year team option and a request to waive his built-in trade veto, and Kuminga has shown little interest in that framework.
• Kuminga can accept a one-year, $7.9 million qualifying offer by Oct. 1, which would give him trade veto rights this season and unrestricted free agency in 2026, though he would forgo significant money now.
• Signing Kuminga to the current offer would leave less than $15.2 million below the second apron with five roster spots to fill, likely forcing use of the taxpayer MLE for a target such as Al Horford and creating a hard-cap squeeze.
• If he plays on the qualifying offer, the Warriors would gain slightly more breathing room under the second apron but risk losing him for nothing next summer, and league chatter points to limited sign-and-trade traction beyond speculative proposals like a Nets package headlined by Day’Ron Sharpe and picks.