2:14 p.m.: The Warriors and Poole have now reached an extension agreement, Wojnarowski reports (by Twitter).
11:57 a.m.: Poole’s four-year extension will include $123 million in guaranteed money, with an additional $17 million available through incentives, reports Anthony Slater of The Athletic.
10:51 a.m.: The Warriors finalize four-year rookie ladder extension with guard Jordan Pooleofficers Drew Morrison and Austin Brown of CAA Sports tells ESPN’s Adrian Wojnarowski (Twitter link). The deal will be worth $140 million, according to Wojnarowski, who says the two sides are finalizing the final details and should reach a formal agreement soon.
Given that the $140 million figure comes from Poole reps, it’s possible that not all of this money is fully secured and that some of it is only accessible through incentives. Still, it looks like this will be the biggest rookie ladder extension ever. signed this year apart from the maximum salary agreements concluded by I morant, Darius Garlandand Sion Williamson.
Poole’s huge new contract deal follows a breakout season, as he averaged 18.5 PPG, 4.0 APG and 3.4 RPG on 0.448/0.364/0.925 in 76 games (30 .0 MPG) for eventual champions.
The 23-year-old has been a big part of Golden State’s title chase, increasing his shooting percentages to .508/.391/.915 in 22 playoff games (27.5 MPG) and averaging 17.0 PPG.
Poole was one of three members of the Warriors’ championship rotation who was eligible for an extension and entered a potential contract year this fall. He was seen as the team’s top priority ahead of other extension candidates Draymond Green and Andre Wiggins.
A practice incident earlier this month which saw Poole green hallmark seemed to add more urgency to the Warriors’ desire for an extension, as they wanted to affirm their commitment to Poole following this altercation, rather than have his contract situation hanging over his head all season.
Even if Poole earns $140 million over the next four years, that figure will be just short of what a maximum salary contract would have been worth as a restricted free agent next summer, based on the latest forecast. NBA salary cap. As our max projections show, using a cap estimate of $134 million, Poole would have been eligible for a four-year maximum worth around $150 million with the Warriors or around $144 million if he were to sign with another team.
It’s unclear what kind of impact Poole’s extension will have on Golden State’s extension negotiations with Wiggins and Green. Joe Lacob and ownership group have paid record amounts in player salaries and luxury tax penalties for the current roster, but the team suggested there is a cap on what the property is willing to spend in the future. Lucrative new contracts for Wiggins and Green could push the cost of the Warriors roster past that cap.
Poole will be the seventh player to sign a rookie ladder extension in 2022, joining Morant, Garland, Williamson, Tyler Herro, RJ Barrettand Keldon Johnson. seventeen players remain eligible to sign rookie ladder extensions before Monday’s deadline.