Warriors trading for Kelly Oubre would cause luxury tax bill to soar

You can’t say Warriors owner Joe Lacob doesn’t put his money where his mouth is.

News broke Thursday that the Warriors reportedly are closing in on acquiring Kelly Oubre in a trade with the Oklahoma City Thunder. According to ESPN’s Adrian Wojnarowski, Oubre and his $14.375 million salary for the upcoming season would be absorbed into Golden State’s massive $17.2 million trade exception.

While it remains to be seen which additional assets — if any — the Warriors will need to include to get the deal done, they’re already paying an enormous price, assuming it goes through. By adding Oubre’s salary to the Warriors’ books, they’d be on the hook for a gigantic luxury tax bill.

Golden State tax bill is currently $66M

The addition of Kelly Oubre would see it increase to $134M

$14.4M of Oubre + $68M in taxes= $82.4M

— Bobby Marks (@BobbyMarks42) November 19, 2020

As ESPN’s Bobby Marks laid out, Golden State already is facing a tax bill of $66 million before making any further additions to the roster. If the Warriors were to acquire Oubre without sending any salary the other way, that tax bill would balloon to $134 million.

That’s not chump change to the Warriors in a normal year/season, much less in one that league revenues inevitably will suffer significantly due to the ongoing COVID-19 pandemic. The Warriors won’t have anything close to a full season’s worth of Chase Center sellouts to…

Click here to read the full article at NBCS Bay Area >

Feedback