First point: The Warriors probably know by now that they have the assets to get Kevin Love from Minnesota, and that's a powerful bit of knowledge to have.

Second point: A Warriors source disputes the idea that Klay Thompson has "been made available" in Love trade talks, though obviously there is a lot of gray area here and even more obviously Thompson seems to be the player Minnesota wants most in any potential Love deal.

I'll just say that it's definitely not the Warriors' style under Joe Lacob to wade into a high-pressure negotiation with all their cards showing, especially their strongest card.

Why would the Warriors already put Thompson into an offer if . . . 1) They don't yet know when Minnesota president Flip Saunders will pull the trigger on a deal; 2) They don't know what the other best offers are; 3) And they know Thompson is probably the one name that can get this deal done when Saunders is ready.

If you're a poker player like Lacob, you don't raise the bet without knowing what everybody else is tossing onto the table; and you save the Thompson chip until you really have to use it.

You never want to bid against yourself, and if the Warriors put Thompson into an offer too early, it risks the chance of Minnesota saying, fine, and what else will you give us?


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But if the Warriors have to use Thompson to get Love? I think the Warriors would do it, though not necessarily exactly in the trade offer that has been reportedly recently.

Let me stop and say that Love is a tremendous player, would be a gigantic upgrade over David Lee, would be a hellacious two-man offensive tandem with Stephen Curry, and absolutely fits Steve Kerr's offensive ideal perfectly.

Love doesn't look great on D, but his peripheral defensive numbers are usually just fine -- which is helped immensely by the fact that he is the best defensive rebounder in the game. His teams just don't give up many easy offensive put-back baskets.

Love also probably would be amenable to signing an extension with the Warriors, of the massive-massive type, naturally, which the Warriors would need to know before piling up all their assets to acquire him.

The Warriors have liked Love for years and even though Lacob has supported Lee to the fullest measure, I believe the Warriors' owner truly understands how many things Love could do for them that Lee cannot.

But if you're the Warriors, even if you desperately want Love and think he might make you a Western Conference contender, you don't just do any deal Minnesota wants, not if you're playing this right.

Again, I think the Warriors would put Thompson into the deal, because they know they will probably have to (and for another reason I'll mention later), but it also depends on what the final equation is.

From what the source told me Thursday night, it sounds like names are being suggested and crossed out and raised again in new combinations. All informally, but of course, things can get formal very quickly.

And Thompson is in the mix, but it's all very fluid.

According to USA Today, Minnesota is proposing a deal that would send Love and Kevin Martin to the Warriors for Thompson, Lee and a future first-round pick.

(This precise trade doesn't work per CBA rules, even using the Warriors' big trade exception, so there would have to be some more money going from the Warriors to the Wolves, which can be maneuvered. Also, the Warriors can't officially trade their 2015 pick until after next week's draft.

(But if the Warriors take Martin back, they are almost guaranteed to be in the luxury tax for several years starting next season. They will be close or over with just Love -- presuming a huge raise after next season -- anyway, but Martin's deal would put them flying over.)

I can see the Warriors eventually doing a version of this deal, if that's what it would take, and I can also say that the Warriors probably would be a better team if that ends up as the deal.

But I can also see Warriors management being very reluctant to give up an asset as valuable as Thompson, who can shoot the lights out when he's going good and who happens to defend all the tough guards they want to keep away from Curry.

And who also is very, very coveted by many teams, not just Minnesota.

Thompson is a unique shooting guard, with more room to grow, and it would be wrong to just skate over this fact.

That's all rather important to the Warriors. How important? Well, it's all part of the equation of the deal.

So . . .

I'm guessing the Warriors won't make their best offer until they have to -- they have been through this before with New Orleans asking for Curry in Chris Paul talks and Oklahoma City asking for Thompson in James Harden talks.

Both times the Warriors held out for a better deal than they could get, and I don't think Lacob and general manager Bob Myers regret playing it the way they did. (Paul wouldn't commit to the Warriors long-term and the Warriors couldn't meet all the Thunder's demands for Harden).

That doesn't mean they will walk away from the Love talks, but I think they also won't ever bid against themselves, if they can help it.

And that's why I don't think they've officially put Thompson into an offer. Yet.

They know they can get it done with the base of Thompson, Lee and a first-round pick for Love and Martin, but they can move some of that around for a better deal (for them).

For instance:

  • The Warriors could refuse to take Martin (and his remaining $6.8 million/$7.1 million/$8.3 million through 2016-17 -- who the hell gave him THAT deal?) in any trade.

    I don't want to over-complicate this and get myself screwed up, too, but the way it looks to me is if the Warriors take back Martin's deal, he would wipe out their ability to use the mid-level exception AND put them way over the tax line for several years (if you presume a mega-deal for Love kicking in after this season, added to Curry's deal, Andrew Bogut's deal and Andre Iguodala's deal).

    That's a whole lot to give up just to take back Martin, who, you might have presumed if you're a regular reader, I believe is horrible. And he has three more years on his contract, have I mentioned that?

    In fact, if you ask me, Martin might just be a deal-killer, if you're looking at all angles in this one.

  • Or the Warriors could refuse to put their 2015 first-round pick in any deal.

  • Or the Warriors could say that they will only include Thompson if they get Minnesota's No. 13 pick in this draft (which could lead to a replacement for Thompson).

    This would partially explain the Warriors' presence at a workout by Nik Stauskas and Doug McDermott, both likely to go somewhere from 10 to 20 and both represented by Mark Bartelstein, who (wait for it), runs the company that represents Steve Kerr.

    And used to represent Kerr as a player.

  • Or the Warriors could say, we'll take Martin back ONLY if Minnesota ADDS a first-round pick and takes back Marreese Speights.

    The Warriors would need to add money in this deal if Martin is involved, anyway.

  • Or the Warriors could say, to hell with it, you have to take Speights even if we don't take Martin. (OK, now I'm just joking, but you do never know about these things.)

    But I think you get the point.

    There are many possible permutations to this situation, many of them could include Thompson and many of them could not, and it all depends on the value added or subtracted around his presence or absence that would lead to a deal or no deal.

    Again, I do think, when it comes down to it, the Warriors will be willing to put Thompson into a Love deal, if the deal is set up correctly. And if they negotiate this from a point of strength, not weakness.

  • There's another reason the Warriors will heavily consider moving Thompson, if it gets them Love.

    If the Warriors somehow got Love without moving Thompson, they probably couldn't afford Thompson's next contract, anyway. It would be a nice problem, but it would still be a problem.

    The new Thompson contract is due to be signed in October and would kick in for the 2015-16 season, exactly when Love's new contract would start.

    If you add Love at $18 million or more (probably more) in 2015-16 to Bogut's $12 million, Iguodala's $11.7 million, Curry's $11.4 million . . . you have $53 million-plus already committed to four players that season.

    Thompson's new contract could start at $12 million . . . and if you add that in, it'd be $65 million-plus for five players, and that's just about guaranteeing you will either go way, way, way over the luxury tax line . . . or you will have one of the worst benches in the NBA.

    Or, if it all goes wrong, both.

    Read Tim Kawakami's Talking Points blog at blogs.mercurynews.com/kawakami. Contact him at tkawakami@mercurynews.com.