The Warriors avoided paying the league's increasingly punitive luxury tax at the last possible second, dealing away end-of-bench players Charles Jenkins and Jeremy Tyler minutes before Thursday's trade deadline.
Jenkins, the team's third-string point guard, was sent to Philadelphia, and Tyler, the team's 15th man, was shipped to Atlanta. Both players were moved along with cash considerations for future protected draft picks that are never expected to be conveyed to Golden State.
The Warriors are one of seven teams that have never incurred the luxury tax since its inception with the 1999 collective bargaining agreement. Owner Joe Lacob said he would be willing to pay the tax if necessary in the future, but thought it financially wise to avoid the penalty this season when the team stood just $1.2 million over the $70.3 million luxury tax threshold.
On top of paying the tax and not receiving a cut of the league's tax revenue from violators, the Warriors would have potentially started the clock on a steep repeat-offender penalty in the future.
Avoiding the tax also affords the Warriors the flexibility to immediately sign a player for a prorated minimum of less than $300,000 while staying under the luxury tax threshold; use a full mid-level exception ($5 million) instead of a mini mid-level ($3 million) to sign a free agent this summer; or take on added salary in an offseason trade.
"We weren't the lead story on 'SportsCenter' with these deals, but that doesn't mean we weren't extremely active," said general manager Bob Myers, who added that the team's basketball operations staff was still talking about deals at midnight Wednesday and was in the office by 5 a.m. Thursday.


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