This is a fugly situation to my way of thinking because I rather manage the cap. Still, Lacob has said he'll pay the lux tax for an impact player. Without the S&T, I don't think the Ws will be able to sign Aaron Baynes, who's making $5.5 M this season and will be an UFA. Can't use the TPE. Signing him outright for his market value will make their lux tax payment ginormous. If Myers is able to work out a trade, then they can get Myles Turner or Aaron Gordon who make above the TPE -- https://www.forbes.com/sites/patrickmurray/2020/06/24/who-could-the-golden-state-warriors-get-with-their-172m-trade-exception/#a1e0be475cdb
Otherwise, using the TPE + #2 pick, they may be able to get Domantas Sabonis, Jonathan Isaac, or Kelly Oubre. The first two, I think most of us would go for, but it's pie-in-the-sky; Their teams won't do it. Oubre I don't know (stinkface). I can see him being available. For TPE + first round pick swap, it's Ricky Rubio as backup PG -- https://www.mercurynews.com/2020/02/17/mailbag-deciding-who-the-warriors-should-acquire-with-their-traded-player-exception/
. And the following year, the Warriors will be struggling with a bigger lux tax situation.
I think we could go for Domantas Sabonis or Jonathan Issac and Lacob paying the lux tax and hoping Chase can re-open for next season. Maybe the Knicks will offer their new franchise center Mitchell Robinson and 2020 FR pick-swap. Otherwise, I suppose the Ws may consider drafting James Wiseman, but he may not be able to start for 2-3 years.