Kuminga's holdout keeps the Warriors anchored to a cap-crossroad as training camp looms. He faces two paths: a one-year, $7.9M qualifying offer to hit free agency sooner, or a two-year, $45M deal that meaningfully raises this season's pay but boosts trade risk. Golden State has not pursued sign-and-trade with Sacramento or Phoenix, narrowing options. Until resolved, cap space blocks other moves, delaying veterans like Al Horford and De'Anthony Melton and shaping this season's rotation and long-term plan.