The Golden State Warriors completed an unusually quiet-then-busy 2025 offseason, waiting until Sept. 29 to sign 10 players after spending most of the summer focused on restricted free agent Jonathan Kuminga.
Key signings
Jonathan Kuminga re-signed for two years and $46.8 million, with a team option on the second season and a 15 percent trade kicker. The club also used its taxpayer mid-level exception on Al Horford (two years, $11.65 million, second-year player option, 15 percent kicker) and added De’Anthony Melton on a two-year minimum deal. Veterans Gary Payton II, Seth Curry, LJ Cryer, Marques Bolden, JaVier Francis, Taevion Kinsey, Chance McMillian and Jacksen Moni all signed minimum contracts; Bolden, Francis, Kinsey and McMillian were later waived.
Trades and draft
Golden State acquired the rights to No. 52 pick Alex Toohey (from Phoenix) and No. 59 pick Jahmai Mashack (from Houston) in a seven-team draft-night swap that sent No. 41 pick Koby Brea to the Suns. Mashack’s rights were later packaged with a top-50–protected 2032 second-rounder and the rights to Justinian Jessup to Memphis for No. 56 pick Will Richard.
The Warriors signed Richard to a four-year, $8.69 million contract (first two seasons guaranteed) and placed Toohey on a two-way deal. Two-way slots also went to Pat Spencer and holdover Jackson Rowe.
Departures
Free agents Taran Armstrong (Dubai Basketball), Braxton Key (Grizzlies), Kevin Knox (Bulls) and long-time center Kevon Looney (Pelicans) moved on.
Cap picture
Golden State is operating above the $154.6 million salary cap and below the $187.9 million luxury-tax line while carrying roughly $205.3 million in salaries. The club is hard-capped at $207.824 million and has two frozen trade exceptions, the largest worth $8.78 million.
Why the summer was quiet
The front office delayed most activity while negotiating with Kuminga and exploring sign-and-trade scenarios with Phoenix and Sacramento. Because his final salary would determine how close the Warriors came to the hard cap, the team opted to hold off on other signings until Kuminga’s two-year agreement was in place Oct. 1.
Roster outlook
Horford, who turns 40 in June, provides floor spacing and veteran defense at center, while Melton—returning from a torn ACL that limited him to six games last season—adds two-way versatility in the backcourt. Kuminga becomes trade-eligible Jan. 15, a window that could prove pivotal if head coach Steve Kerr continues to struggle with the 23-year-old’s role.
What’s next
Seth Curry’s non-guaranteed Exhibit 9 deal does not fit under the Warriors’ second-apron hard cap to open the season. The franchise could add him on a prorated minimum contract after mid-November, but doing so immediately would leave no flexibility under the apron, making a 14-man roster likely for now.
Golden State may also shuffle its two-way slots before Monday’s conversion deadline; rookie guard Cryer is a candidate to replace Rowe after a strong preseason. Extension talks for Draymond Green and Trayce Jackson-Davis remain possible but are considered unlikely before the 2026 offseason, preserving the club’s 2027-28 cap space.
Source: Hoops Rumors
