Why Has Jonathan Kuminga Not Yet Signed with Golden State Warriors?

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A valuation discrepancy sits at the heart of the Golden State Warriors' offseason. Months after it began, still no end is in sight.
"Kuminga, league sources said, still has visions of becoming an All-Star," The Athletic's Anthony Slater (now with ESPN) wrote of Golden State's holdout with Kuminga near the start of the offseason. "Not fitting into an ever-moving mid-tier rotation role."
"He wants to be a featured player in an NBA offense and chase the 20-point-and-beyond dreams he’s spent his life chasing.”
The Warriors have reportedly increased their offer to Jonathan Kuminga to $75.2 million—but he isn't budging.
— Front Office Sports (@FOS) September 15, 2025
Kuminga and his representatives have been averse to a deal including team options.
Warriors' Kuminga Holdout Continues
In a recent report from ESPN, Kuminga and Warriors owner Joe Lacob met in Miami for an in-person meeting in mid-August. The pair, in their first interaction of the offseason, exchanged intentions.
Lacob wanted to know if Kuminga wanted to be in Golden State; Kuminga wanted to know if Lacob wanted him there.
"The four most relevant parties — Lacob, Dunleavy, Kuminga and Kuminga's agent, Aaron Turner — convened for what felt like the most significant conversation of a Warriors' offseason stuck in the mud," ESPN wrote.
Jonathan Kuminga questions if the Warriors really want him after not receiving an offer he's interested in 👀
— Bleacher Report (@BleacherReport) September 15, 2025
(via @anthonyVslater, @ShamsCharania) pic.twitter.com/4ILlm4xDpD
The result was further understanding. Yet a deal remains to be seen.
As the Warriors continue to gauge their roster, Kuminga is unlikely to play a large role. If he is brought back, it won't be for long — not even one season can be a given.
Last year, Kuminga averaged 15.3 points, 4.6 rebounds and 2.2 assists across 47 games. He shot 45.4 percent from the field and 30.5 percent from 3. Still, he feels he brings more to the table as an individual. So he continues to wait.
Joined NBA Today on the latest surrounding Jonathan Kuminga's restricted free agency with the Warriors and its impact on the current and future for Golden State: pic.twitter.com/5Czl7hLQTC
— Shams Charania (@ShamsCharania) September 15, 2025
"Turner and Kuminga are holding out in case something more appealing — via contract offer or sign-and-trade — materializes," ESPN wrote, "in part because of a belief in how imperative it is for the Warriors to avoid having him on the qualifying offer."
If Kuminga does decide to take a qualifying offer, he'd all but finalize his goodbye to Golden State next summer as an unrestricted free agent.
Perhaps the relationship between him, the Warriors and Steve Kerr will have improved by then. But while Golden State still has any sort of leverage over the situation — Kuminga is currently a restricted free agent — it'll look to take advantage.
So it continues to wait, too.
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Matt Guzman is a sports journalist and storyteller from Austin, Texas. He serves as a credentialed reporter and site manager for San Antonio Spurs On SI and a staff writer for multiple collegiate sites in the same network. In the world of professional sports, he is a firm believer that athletes are people, too, and intends to tell stories of players and teams’ true, behind-the-scenes character that otherwise would not be seen through strong narrative writing, hooking ledes and passionate words.