Curry Secures Jaw-Dropping $116M Extension with Warriors!
Stephen Curry has agreed to a two-year, $116 million contract extension with the Golden State Warriors, committing through his 20th NBA season. The deal involves a pay cut designed to create salary cap flexibility for the team to build a contender around him. This historic agreement also makes Curry the first player in NBA history to surpass $600 million in career on-court earnings.
Golden State Warriors star Stephen Curry has agreed to a significant two-year, $116 million contract extension, a move that will tie the franchise legend to the only organization he has ever known through his 20th NBA season. League sources confirmed the deal includes a player option in the final season (2028-29), solidifying Curry's long-term commitment to the Warriors.
Curry's decision came after weeks of deliberation, during which the Warriors presented him with several contract choices, including the option to wait. Ultimately, Curry opted for a pay cut and the security of a long-term deal over either a maximum contract or the uncertainty of delaying for more flexibility and information. He was previously on an expiring $62.6 million contract and became eligible on August 29 for an extension of up to two years and $136.7 million.
As part of their strategy, the Warriors outlined various paths to Curry, including the idea of a slight pay cut from his potential maximum. This approach was designed to afford the team more salary cap room, enabling them to build a stronger contender around him in the future. Under the new agreement, Curry's contract will adjust from $62.6 million next season to $55.7 million for the 2027-28 season, with a player option for $60.2 million in the 2028-29 season.
This restructured deal is projected to provide the Warriors with approximately $10 million in additional cap space next summer, significantly enhancing their capacity to be major players in either the free agency or trade markets within the next 12 months. This newfound flexibility is particularly crucial as several key contracts, including those of Jimmy Butler III ($56.8 million) and Draymond Green ($27.6 million), are set to expire next summer. Additionally, veteran center Kristaps Porzingis has only $3 million of his $20 million salary guaranteed, which contributes to the Warriors' projected cap space, estimated to range between $38 million and $55 million, depending on decisions regarding Brandin Podziemski's extension eligibility. Podziemski currently carries a $17 million cap hold for next summer if not extended.
Curry himself took nearly a month to finalize his decision, weighing whether to sign for his full max, accept a slight pay cut, or wait for a new deal. He shared his perspective earlier in the week, stating,