Warriors sign Kevon Looney to three-year, $25.5 million contract

Looney enjoyed an impressive bounce back year in 2021-22 after his previous two seasons were marred by injuries and a reduced role. He started 80 of Golden State’s 82 regular season games and averaged 6.0 PPG, 7.3 RPG and 2.0 APG in 21.1 minutes per contest while playing solid defense. His role remained steady in the postseason where he logged 20.4 MPG during the Warriors’ title run.

The 26-year-old put a stamp on a sterling contract year with his play in the NBA Finals — in six games, the Warriors outscored the Celtics by 48 points when he was on the court and were outscored by 24 points when he sat.

According to Marc Stein, some rival teams believed Looney might return to Golden State on a three- or four-year deal worth $10M per year, so bringing him back at $8.5M annually looks like a good deal for the defending champions. Additionally, the third year is only partially guaranteed for $3M, tweets Anthony Slater of The Athletic.

The Warriors still have some work to do on their roster after striking a deal with Looney. The team has lost a pair of key rotation players so far in free agency, with Otto Porter headed to Toronto and Gary Payton II on his way to Portland.

Golden State’s projected tax bill figures to be a consideration as the team weighs its options with the taxpayer mid-level exception. According to Yossi Gozlan of HoopsHype, the Warriors have a projected tax bill of at least $120M so far, and that number would rise significantly if the team uses its MLE.