If Harrison Barnes and the Warriors don't come to terms on a contract extension before Oct. 31, he will become a restricted free agent on July 1, 2016.
With the clock ticking, the 23-year old forward is reportedly looking for new representation.
Three weeks ago, Warriors GM Bob Myers said the organization plans on keeping Barnes (and Festus Ezeli, who is also eligible for an extension) for a "long time."
“We’re going to work hard on both those guys,” Myers said. "And if we can do a deal, we’ll happily do it. Will we get a deal done? I think that there’s motivation on both sides.
“But it’s a new world. With the new cap, you have to remove what you previously thought about what a player’s worth is in dollars. You have to them, instead, say, ‘What percentage of the cap are they going to take up?’"
With the salary cap and luxury tax rising to unprecedented levels beginning in the 2016-17 season, Barnes is in line for a massive raise.
He will make $3,873, 398 in the final year of his rookie-scale contract.
If Barnes hits restricted free agency next summer and signs an offer sheet with another team, the Warriors would have 72 hours to match the deal.
It's also possible (but unlikely) that Barnes becomes a free agent, does not strike a deal with another franchise, signs a qualifying offer with the Warriors and becomes an unrestricted in the summer of 2017.