Programming note: Watch the NBA Finals pregame edition of Warriors Outsiders on Thursday, May 30 at 4:00 p.m., streaming live on the MyTeams app.
It is now officially official.
Klay Thompson is not eligible to sign a "supermax" extension with the Warriors this summer because the shooting guard did not make an All-NBA team (the same goes for Draymond Green).
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The six guards that finished ahead of the five-time All-Star:
First Team:
-Steph Curry
-James Harden
Second Team:
-Damian Lillard
-Kyrie Irving
Third Team:
-Kemba Walker
-Russell Westbrook
Golden State Warriors
If Klay made one of the squads, Golden State could have offered him a contract worth about $221 million over five years.
Now, the biggest contract he can sign in July is for about $190 million over five years (assuming a projected salary cap of $109 million).
Klay -- who made an All-Defensive team for the first time in his career on Wednesday -- is expected to demand the full $190 million max in free agency.
His father, Mychal, has repeatedly said there is no reason for the two sides to even negotiate.
Golden State owner/CEO Joe Lacob has made it very clear that the Warriors can basically do whatever they want financially and intend to pay Klay what he deserves.
[RELATED: Report: Harden, CP3 had tense exchange after losing to Dubs]
The Warriors have been in the luxury tax three of the last four seasons (including this year), which means they will face "repeater tax" penalties starting in 2019-20.
Although the franchise is worth an estimated $3.5 billion and the team will be practically printing money at Chase Center, the All-NBA voters saved the Warriors tens of millions of dollars annually by not rewarding Klay.
