Kevin Durant is taking less money to re-sign with the Golden State Warriors.
ESPN Sources: Kevin Durant will agree to re-sign with Golden State on a two-year, approximately $53 million deal, league sources tell ESPN.
— Chris Haynes (@ChrisBHaynes) July 3, 2017
The second-year of that deal will be a player option, which Durant will likely exercise. Durant will only make $25 million this year. Durant could have signed for $34 million per year.
Durant's decision to sign for $25 million saves the Warriors a significant amount of money on the luxury tax. The Warriors gave Stephen Curry a five-year, $201 million supermax contract this offseason, which will help bring the Warriors deep into the tax. That tax bill will only continue go up the longer the Warriors are over the limit and as new contracts are needed for key players like Durant, Klay Thompson and Draymond Green.
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It's a selfless move by Durant to help the Warriors keep key players in Livingston and Iguodala, while keeping the Warriors in a slightly better financial position.
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