Kevin Durant Re-Signs With Warriors

JULY 6: Durant has officially re-signed with the Warriors, per RealGM’s transactions log.

JULY 3: Kevin Durant has agreed to a two-year, $53MM contact with the Warriors, Chris Haynes of ESPN.com tweets. The second year will be a player option, Haynes adds in another tweet. Durant’s salary for next season will be $25MM, Sam Amick of USA Today tweets.Kevin Durant vertical

Durant’s willingness to take far less than a 20% raise aided the Warriors’ efforts to retain their free agents, Marcus Thompson of the San Jose Mercury News reports.

Durant, who opted out of his contract with the full intention of re-signing with Golden State, was eligible to receive a maximum starting salary of $34.65MM. Durant, who made $26.54MM last season, decided to take significantly less than the expected 20% raise that would have secured him a $31.8MM salary for next season.

That is a major reason why the Warriors successfully negotiated new contracts with free agents Andre Iguodala and Shaun Livingston. Iguodala, who was sought after by numerous clubs, agreed to a three-year, $48MM deal while Livingston agreed to stay put for three years and $24MM. In essence, as Thompson points out, Durant is gifting part of his salary for next season to his teammates.

Durant’s discount will also help ownership save some money on its luxury tax bill, depending upon how far over the tax line the franchise goes. Durant’s first-year salary will save the franchise approximately $20MM, according to ESPN’s Bobby Marks, who projects Golden State will now pay $32.4MM instead of $52.4MM in luxury taxes.

Photo courtesy of USA Today Sports Images.

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