According to Shams Charania of The Vertical, owner Joe Lacob is concerned about how re-signing the forward could plunge the Warriors deep into the luxury tax. Charania added that Iguodala plans to field offers once free agency begins at midnight on July 1, with "league interest accelerated" in him.
Chris Haynes of ESPN reported this week at least seven other teams are interested in signing the 33-year-old, most notably the San Antonio Spurs, Minnesota Timberwolves and Utah Jazz.
Adding the veteran to any one of those teams would help them contend with the Warriors in the Western Conference, especially considering the two-way swing of removing him from Golden State.
Although Iguodala hasn't put up big numbers with the Warriors—he averaged just 7.9 points and 4.0 rebounds per game in four years—he is a versatile player who helps on both ends of the court. His elite defensive performance helped him earn the MVP of the 2015 NBA Finals, and he was nearly as important this time around to bring home Golden State's second title in three years.
With this many teams involved in a bidding war, it may become prohibitively expensive to sign the forward. Charania reported earlier this month Iguodala could make as much as $20 million per year.
That may be enough to put the Warriors out of the running, but it remains to be seen which team would pull the trigger on such a deal.