Andrew Wiggins Signs 4-year, $109 Million Contract Extension

A few hours after the Jordan Poole $140 million extension, the Warriors announced that Andrew Wiggins would also be signing a 4-year extension worth $109 million. Both the Warriors PR team and Adrian Wojnarowski broke the news and explained the details of the contract.

Reporting with @kendra__andrews: Golden State Warriors All-Star Andrew Wiggins has agreed to a four-year, $109 million extension, his agents Drew Morrison and Steven Heumann of CAA Sports tell ESPN. Wiggins is now tied to the Warriors for five-years, $143 million.

— Adrian Wojnarowski (@wojespn) October 15, 2022

As Woj said, the twenty-six-year-old All Star is now tied to the Warriors for five years, $143 million, so well into his prime. With the fourth year being a player option, Wiggins has the freedom to explore his options or stay with the Dubs long term and become a veteran leader just as the core trio have. And that may be the case as Wiggins took a bit of a pay cut at $109 million, a lower number in comparison to his underrated value on the court.

With Wiggins agreeing to the deal, that only leaves Draymond’s contract up in the air for next season if he chooses to resign. According to Bobby Marks, the Warrior’s projected salary and luxury tax for the 2023-24 season is sitting at an astonishing $483 million.

After Jordan Poole and Andrew Wiggins extensions, the projected salary and luxury tax for the Golden State Warriors in the 2023-2024 season, per @BobbyMarks42: $483 million.

— Adrian Wojnarowski (@wojespn) October 15, 2022

And if Draymond were to opt-into his player option then that number would balloon up to over $500 million. Here is a visual representation of how the money is being divided:

Golden St. payroll and tax penalty in 2023/24 will likely exceed $500M once the roster is filled.

That factors in Draymond Green opting-in to his $27.6M player option.

With 12 players

💰Salary: $215M
💰Tax: $268M

💰💰Total: $483M

— Bobby Marks (@BobbyMarks42) October 15, 2022

The true definition of a “checkbook win” as Brian Windhorst would say, paying the guys that brought you a championship. A good chunk of the paychecks are being written to guys who were drafted and stayed on the team. Curry, Klay, Poole, Looney, and most likely Draymond all have or will receive well overdue paychecks, but all of those guys named didn’t leave the team after having a few down years.

Same goes for Wiggins as after just three years with the Warriors, not only has his game improved dramatically, but now he is an NBA champion. He also made the All-Star team for the first-time last season, indicating that he is just now entering his prime. Now the Warriors can say that they completed what they set out to do this offseason, resigning all of their core players that lead them to their fourth championship in eight years.

(Photo credit: NBAE / Getty Images)