Photo: Golden State Warriors/X

The Golden State Warriors have put another proposal on the table for Jonathan Kuminga, but negotiations remain stalled.

According to ESPN’s Shams Charania and Anthony Slater, general manager Mike Dunleavy Jr. recently offered the forward a three-year, $75.2 million contract. The deal includes a team option in the third season, guaranteeing $48.3 million over the first two years.

The annual salary aligns with the deal Josh Giddey signed with the Chicago Bulls this summer, though the shorter structure makes it more team-controlled. League executives view the offer as positioning Kuminga more as a potential trade asset than a long-term cornerstone.

Golden State has consistently pushed for team options in recent negotiations. Earlier proposals included a two-year, $45 million framework with similar conditions, along with the removal of the no-trade clause tied to Kuminga’s qualifying offer.

The 22-year-old and his representatives have resisted. They have pressed for a player option to secure more control over his future, even showing willingness to accept a lower annual salary in exchange. Sources told ESPN that the Warriors have dismissed any structure involving a player option.

Kuminga’s camp countered last week with a unique one-year bridge concept. The idea was to raise his 2024–25 salary above the $7.9 million qualifying offer while keeping him on track for unrestricted free agency next summer. The approach would also make him a more tradeable contract during the season.

Warriors owner Joe Lacob reportedly rejected the balloon-style proposal, citing the risk of losing Kuminga for nothing in 2025. That rejection has kept the stalemate unresolved as training camp approaches.

Kuminga is coming off his best season, averaging 15.3 points and 4.6 rebounds per game. His two-way ability helped Golden State navigate stretches without Stephen Curry, Jimmy Butler, and Draymond Green.

Despite public endorsements from Lacob and head coach Steve Kerr, the Warriors have quietly gauged the market. Teams like the Sacramento Kings have shown exploratory interest in sign-and-trade possibilities, though no deal has gained traction.

For now, the clock is ticking toward October 1, the deadline for Kuminga’s qualifying offer. Accepting it would give him a no-trade clause this season and unrestricted free agency in 2026, but it also means leaving millions in guaranteed money on the table.