We're sorry, residents of your region are not accepted by this gambling site! That’s because of the Warriors’ luxury tax bill, which was already set to be quite high next season. Golden State Warriors' Kelly Oubre Jr. (12) dunks next to Indiana Pacers' Myles Turner (33) during the first half of an NBA basketball game Wednesday, Feb. 24, 2021, in … Sports betting and gambling laws vary by jurisdiction. The team collaborated with high-end streetwear brand Undefeated for the Indianapolis 500 car that Felix Rosenqvist will be driving Tuesday for Arrow McLaren SP when preparations begin at Indianapolis Motor Speedway. ... called a luxury tax. The Oubre acquisition has always been interesting given the luxury tax ramifications involved. Sign-and-Trade Options for Oubre? 2 pick James Wiseman. On the day that Klay Thompson’s Achilles tear was announced, the Golden State Warriors pulled off a big trade to acquire Kelly Oubre Jr. from the OKC Thunder. We don’t know for sure. But while that reported $134M in luxury could be a possibility for the Dubs, there’s a good chance that they will be paying a significantly lower amount. Add in Oubre Jr.’s salary, and the Warriors are paying as much as $82.4 million to add him to their roster. The salaries of Steph Curry, Thompson, Draymond Green, and Andrew Wiggins combined are already over the $109M cap set for the 2020-21 season and because of that, the Warriors were already due to pay the league $66M in luxury taxes this year. Golden State already has a luxury tax bill of $66 million. The team also had two late first-rounders in this year’s draft, which turned into Kentucky guard Immanuel Quickley and Washington forward Jaden McDaniels. As ESPN’s Bobby Marks noted recently, the Warriors are already way over the luxury tax line and will see their tax penalties double next year because of the repeater status. Sam Presti is DEALING! What Rodgers says and doesn't say during a guest appearance on Kenny Mayne's final ESPN show will be the latest chapter in the drama between the QB and the Packers. The Warriors own the No. This trade addition adds to the Golden State’s growing luxury tax bill. The 24-year-old averaged a career-high 18.7 points per game last season on .560 true shooting with 6.5 rebounds and 1.5 assists per game. Watch Nick Diaz give Tyson Fury some MMA pointers during a closed-door training session in Hollywood, Fla. Tony Ferguson's future is wrapped in mystery after he suffered his third straight loss at UFC 262. If the Warriors make a significant deadline deal, it’ll almost certainly involve Oubre. Oubre Jr. will likely be one of many players the Warriors hope can step up in the aftermath of Klay Thompson’s Achilles tear.  That’s already above the luxury tax line of $132,627,000.00 and that’s not even including the contract of No. Indeed, the 25-year-old Oubre will be a free agent this summer. If a trade involving Oubre does get completed—which is expected—then the Warriors would be increasing their luxury tax bill, per ESPN’s Bobby Marks. According to ESPN’s Bobby Marks, adding Oubre Jr. would take the Warriors from a $66 million bill to $134 million. The list above contains the amended items in the NBA’s CBA. Warriors Notes: Wiseman, Oubre, Luxury Tax, Draft. In the same Tweet, Marks said that Oubre is effectively worth $82.4M for the Warriors this season if we count the additional luxury tax payments incurred. LeBron James touted Steph Curry as the MVP. Sure, they will be over the luxury tax line this year but they were destined to pay the luxury tax anyway. What’s Kelly Oubre Jr.’s future? Up to when? Add in Oubre Jr.’s salary, and the Warriors are paying as much as $82.4 million to add him to their roster. ET Practice 11:05 […]. The Warriors’ next-best option would be a sign-and-trade. But I proved I'm better than ever and an NBA player.". For a team as luxury-tax strapped as the Warriors, matching any deal Oubre would pick up on the open market — he could demand more … Trading Redick or Ball for Oubre trims the Warriors luxury tax bill this year, giving the Warriors added incentive. Frenchman Lafay, 25, was among a group of nine in the breakaway on the final climb of the 170km stage and held off a late surge from Eolo-Kometa's Francesco Gavazzi who finished second with Team DSM's Nikias Arndt third. If Bobby Marks’ computation on the financial reprieve is correct, trading for Kelly Oubre wouldn’t hurt the Warriors as much as we first thought. That would come on the heels of the tens of millions the Warriors are already paying in tax payments to keep Oubre this year. Required fields are marked *. Shane grew up watching the Magic & Bird rivalry but ended up rooting for Detroit's Bad Boys team in the 1990s NBA. The Blazers wound up with the sixth seed, which means they'll face the Nuggets in the opening round. We are simply here to provide information about sports betting for entertainment purposes. "I spent a lot of energy already in the first part of the stage to get into the breakaway," Lafay said. He loves to tell sports stories and has been writing about sports since high school. But how can that be? While Oubre would certainly help the Dubs offset the production of Klay Thompson, news outlets were quick report that he may not be worth what the Warriors are paying for. Oubre Jr. had landed with the Thunder earlier this week via the trade that sent Chris Paul to the Phoenix Suns, alongside several other players and a first-round pick. The Golden State Warriors acquired forward Kelly Oubre from the Thunder via trade on Thursday. NBA and NBPA agree on 2020-21 season start and adjustments to CBA.https://t.co/HOaa1V9q8U pic.twitter.com/Z9m0OG8KI8. 2 overall selection behind the Timberwolves. This site uses Akismet to reduce spam. It is your responsibility to verify such matters and to know and follow your local laws. Through 40 games of the 2020-21 NBA season, we can say the Golden State Warriors are simply an average team. Golden State tax bill is currently $66MThe 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. So you see, the Warriors may not be paying $134M in luxury tax payments after all. — Adrian Wojnarowski (@wojespn) November 20, 2020. That’s because of the Warriors’ luxury tax bill, which was already set to be quite high next season. However, an amendment in the NBA’s CBA provides for a tax reprieve in the proportion of the decrease in BRI. The Warriors luxury tax bill could go up to $134 million, according to ESPN’s Bobby Marks. Marks later noted the Warriors will get some kind of financial reprieve from the NBA in the likely event of a revenue drop for the league this year, but the team’s tax bill will still be above $100 million. ET Practice 4:05 p.m. The Warriors are spending $82.4 million including luxury-tax for Kelly Oubre this season. In fact, it was Bobby Marks himself who talked about this earlier this month: For example: If Golden State used the $17.2M trade exception and revenue decreased by 30%, they could save close to $50M. In a wild back-and-forth fight, Charles Oliveira survived a Michael Chandler onslaught to secure a knockout of his own. Because of that, it’s almost certain that teams will get a luxury tax reprieve. Brazilian Jiu-Jitsu is known as “the gentle art,” but there was nothing gentle about the way that Ronaldo “Jacare” Souza lost on Saturday at the Toyota Center in Houston in the featured preliminary bout of UFC 262. If you look at Golden State’s payroll, they are already at $148.8M without Oubre. Add in Oubre Jr.’s salary, and the Warriors are paying as much as $82.4 million to add him to their roster. But will Curry win the award? According to ESPN’s Bobby Marks, adding Oubre Jr. would take the Warriors from a $66 million bill to $134 million. When Shane isn't busy jotting down his thoughts, he's just chillin' at home with his wife Rocelle and their two dogs named Horry and Fisher. Credit to the Thunder, when the moment came that Russell Westbrook and Paul George were clearly no longer the future of the team, they didn’t just commit. Or will Nikola Jokic become the lowest drafted pick to ever win MVP? The Warriors obtained a trade exception worth $17.2 million when they signed-and-traded Kevin Durant to the Brooklyn Nets last season. With the season starting in barely a month’s time, there’s a good chance that it will begin without fans. FILE: The Golden State Warriors are close to acquiring Kelly Oubre Jr., who was traded from the Phoenix Suns to the Oklahoma City Thunder just a few days ago. The Golden State Warriors acquired forward Kelly Oubre from the Thunder via trade on Thursday. With the NBA projecting a 40% loss in overall revenue if the season starts without fans and the accompanying gate-night receipts, the Warriors could pay a significantly lower amount of luxury tax. Golden State tax … He recently added a new family member, adopting a handsome retired K-9 named Ranger. Learn how your comment data is processed. Despite carrying a salary of just $14.4 million, Oubre will cost the Warriors a total of $82.4 million. That is the only double-sign-and-trade I think in league history (I've been a fan for 30 years, that was the first time I ever saw that). Your email address will not be published. Despite being set to make a salary of only $14.4 million this season, Oubre Jr. may go down as the most expensive acquisition in basketball this offseason, at least on a per-year basis. The Warriors know that they could end up paying an extra $68M in luxury taxes because of Kelly Oubre. D espite already being over the tax line, t he Warriors acquired Oubre in November using the trade exception they got from dealing Andre Iguodala in 2019. That would come on the heels of the tens of millions the Warriors are already paying in tax payments to keep Oubre this year. Given the NBA’s projection, that tax reprieve is potentially material. In Oubre Jr., the Warriors are acquiring a player who developed into a solid starter for the Suns. Oubre’s $14.4 salary could send the Warriors’ 2020 luxury tax payments skyrocketing. Blazers beat Nuggets 132-116, secure 6th seed for playoffs, Penei Sewell's rookie contract is done. Penei Sewell's four-year contract with the Detroit Lions is worth just over $24 million with a signing bonus of $14.9 million, according to the CBA. Acquiring Oubre will be expensive for the Warriors. That’s because of the Warriors’ luxury tax bill, which was already set to be quite high next season. After a brief stint with the Oklahoma City Thunder, a deal to flip Kelly Oubre Jr. to the Golden State Warriors is being finalized, according to ESPN’s Adrian Wojnarowski. PORTLAND, Ore. (AP) After meeting to close out the regular season, the Trail Blazers and the Nuggets will face off in the opening round of the playoffs. Oubre’s $14.4 salary could send the Warriors’ 2020 luxury tax payments skyrocketing. Klay Thompson is irreplaceable. Here's what comes next for Detroit Lions' top pick, Jeremy Lin posts farewell message to NBA after not getting call up, Aaron Rodgers will make a media appearance — and it’s going to send a message regardless of what he says, PFF ranks Baker Mayfield tenth best QB heading into 2021, Minnesota Twins pitcher ejected for throwing behind Chicago White Sox's Yermin Mercedes, Tony La Russa promises punishment for Yermín Mercedes after HR with 11-run lead, 3 takeaways from the Eagles trading for Jaguars CB Josiah Scott, ESPN, ABC set college football game times for marquee matchups during Week 1, Our experts name their 2021 NBA regular-season award winners, and the MVP is unanimous. The Warriors luxury tax bill could be hitting an enormous $134 million. If Warriors end up re-signing him this summer that tax … https://t.co/uxII5oQXzl, — Bobby Marks (@BobbyMarks42) November 10, 2020. The Golden State Warriors have the highest payroll in the league for the 2020-21 season. Sean Shelby’s Shoes: What’s next for Michael Chandler after UFC 262 title-fight loss? According to ESPN salary cap expert Bobby Marks, adding Oubre’s salary to the Golden State total would mean an extra $68M in luxury tax payments or a total of $134M in luxury taxes for the year. But by adding Oubre to the books, that will results in another $68 million in taxes. Trae Young and the Hawks have plenty of firepower, but can they exert their will against Julius Randle and the hard-nosed Knicks? It may not be $50M, but it should reduce the additional luxury tax payment from Oubre’s salary significantly. Re-signing Oubre for any amount would have expensive luxury tax implications. The Warriors would end up paying just under $227M if they are able to keep Oubre on a deal around his current level rather than $341.5M if they keep Wiggins. With the addition of the Warriors’ protected 2021 first-rounder, the Thunder now have 16 first-round picks in the NBA drafts between 2021 and 2026, plus several potentially valuable pick swaps. According to ESPN’s Bobby Marks, adding Oubre Jr. would take the Warriors from a $66 million bill to $134 million. ET Qualifying 10:05 a.m. The White Sox manager is who we thought he was. ET Pro Invitational Series race at virtual COTA Friday, May 21 3:05 p.m. They went all out in acquiring a truly disgusting amount of draft picks. The only way the warriors would be subject to luxury tax restrictions in sign-and-trading Oubre is if it was a De'Angelo Russell-Kevin Durant situation. TheSportsGeek.com is not an online gambling operator, or a gambling site of any kind. The Thunder currently have 17 1st round picks through 2026 pic.twitter.com/dt8oGbOpzz, — NBA on ESPN (@ESPNNBA) November 18, 2020. But if you take a close look at the deal, it may not be as financially bad as it has been painted to be: The addition of Kelly Oubre would see it increase to $134M, — Bobby Marks (@BobbyMarks42) November 19, 2020. Nearly $100 million more than the Warriors paid in luxury tax in 2018-19 ($51 million) That's a lot of dough, but it's what the Warriors signed up for when they traded for Kelly Oubre Jr. after Klay Thompson sustained a torn right Achilles' tendon. One obvious trade partner in my mind is the New York Knicks. He's currently averaging 8.2 PPG on 27/4/60 shooting splits As ESPN’s Bobby Marks noted recently, the Warriors are already way over the luxury tax line and will see their tax penalties double next year because of the repeater status. Golden State tax bill is currently $66M Although the doctors are working double time in coming up with the vaccine, there is still no definite timetable as to when this pandemic will end. FULL SCHEDULE FOR CIRCUIT OF THE AMERICAS CHANNEL FINDERHOW TO FIND FS1 REMIND MEADD TO CALENDAR Filter by Series: Wednesday, May 19 7 p.m. Your email address will not be published. Going back to the Thunder in this deal would be yet another first-round pick, in this case a protected 2021 selection. But having Oubre help Wiggins try to fill the void makes things a a lot better. The Golden State Warriors are looking to bounce back after a dismal 2019-20 season, and they’re expected to be big players this offseason. That would come on the heels of the tens of millions the Warriors are already paying in tax payments to keep Oubre this year. But by adding Oubre who was traded by the Thunder for a future draft pick, the Warriors were incurring an extra $14.4M . This will help out the Warriors, Boston, Brooklyn and Philadelphia plus possibly a team like Milwaukee. Groupama-FDJ's Attila Valter retained the leader's pink jersey with none of the general classification contenders losing time as they crossed the line in the same group. And their odds to win the title may not be too bad at all. But they didn’t have a choice. Josiah Scott traded to the Philadelphia Eagles for Jameson Houston and a sixth round pick. Golden State currently owes $148,884,768 in salaries for the 2020-21 season and that’s because the top four players on the team are already worth $130M. Oubre Jr, a crucial piece in the Chris Paul to the Suns trade, is on the books for $14.4 million this season. Given that Golden State faces a massive luxury-tax … Damian Lillard had 22 points and 10 assists and the Blazers beat the Nuggets 132-116 in the regular-season finale Sunday night to secure their eighth straight playoff berth, the longest active streak in the NBA. After a very good season in 2020, Pro Football Focus has Cleveland Browns quarterback Baker Mayfield as the NFL's tenth best QB. That’s because of the Warriors’ luxury tax bill, which was already set to be quite high next season. Memphis coach Penny Hardaway believes James Wiseman would be a “spectacular” fit for the Warriors, Monte Poole of NBC Sports Bay Area writes. With Japan in the midst of a COVID surge, many are calling for the Summer Olympics to be cancelled. Who has the power to cancel the Tokyo Olympics? McLaren cares so much about appearance that the team missed track time before its bungled 2019 Indianapolis 500 attempt because the car's paint scheme didn't precisely match its signature papaya orange shade. This year’s team is set to be much less competitive than last year’s surprise playoff team due to the loss of Paul and Dennis Schroder, but the future appears quite bright as long as even a few of those picks can turn into quality players. "For reasons I’ll never fully know, that chance never materialized. We are not able to verify the legality of the information we provide, or your ability to use any sites that are linked to on this site, for every combination of your location, the sites’ location, and the type of service those sites provide. Save my name, email, and website in this browser for the next time I comment. In fact, acquiring Oubre will lead to an expensive bill for owner Joe Lacob.