NBA offseason guide: Is this the end of the Warriors run? - ESPN

The defending champion Golden State Warriors fell short of last year's championship, with a loss to LeBron James and the Los Angeles Lakers in the conference semifinals.

With four championship rings in the Stephen Curry era, Golden State may be facing the dawn of a new era this season with an aging core and a bloated payroll. Veteran fan favorites like Draymond Green and Klay Thompson are approaching the ends of their current deals, and the Warriors will have difficult decisions to make on how far they will go to preserve their core.

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The Warriors have been here before. After they lost the 2019 Finals to the Toronto Raptors, they lost Kevin Durant to free agency and faced a season without Klay Thompson because of a torn ACL in his left knee. Two years later they lost twice in the play-in tournament, and questions turned to whether the dynasty in Golden State was over. The Warriors bounced back to win their fourth championship the next season. However, this offseason is different.

Draymond Green has a $27.6 million player option and could become a free agent. Thompson is entering the last year of his contract and is eligible for a long-term extension. The architect of the roster, general manager Bob Myers, has an expiring contract.

And, finally, the new collective bargaining agreement that starts July 1 places significant restrictions on how Golden State can improve the roster. If Green and Thompson are extended, the Warriors will continue to pay a significant luxury tax penalty in addition to the increased challenges in roster building (no midlevel exception, harder to make trades, etc.). There is also the question as to how much trust the coaching staff has in Jordan Poole.