I understand the moves of the Warriors but I can't comprehend the luxury tax situation. Are we to expect that they will really pay almost half billion for taxes? Do Nba franchises really making that much money when they become champions?
As far as I know, the Warriors will probably spend over $500 million in the 23/24 season, including $268 million in taxes. That's really a lot, but I think the Warriors have enough revenue sources to cover such huge expenses. Obviously, tickets aren't the only source of revenue for this team. I'm more than sure the Warriors also make a lot of money from TV, merchandising, advertising, and various partnerships.
Yes, there are other sources of revenue and so I guess they can spend that huge amount just to sign Wiggins and Poole to a huge contract.
And I think they made the right decision for this two, they are part of the core now and so the Warriors should pay them otherwise they will leave for sure just like the rest of their second unit. Although you can't blame them, at least with the Warriors experience, they can bring their talent and obviously good contract from other teams.