Three-time champion and two-time NBA MVP, Stephen Curry of the Golden State Warriors just made more history.
Coming off a brilliant 2020-21 season, Curry has officially signed a four-year, $ 215 million extension through the 2025-26 season.
He now holds the distinction of becoming the first NBA player to sign two contracts worth more than $ 200 million over the course of his career. Curry’s median annual salary of $ 54 million is also the highest in the Association’s history. Here, we look at three takeaways from Stephen Curry’s historic contract extension.
Curry is likely to be a rare lifetime player with a team
Assuming the future Hall of Famer doesn’t apply for a trade at some point, it looks like he’ll be one of those rare stars who will play his entire career with just one team.
Scheduled to turn 34 next March, this contract extension will carry Curry through his 38-year season. While he has shown no signs of slowing down, there are every reason to believe that this will be his last long-term contract in the NBA. That would mean 17 seasons with one team. He will join Kobe Bryant and Tim Duncan in this rare group.
Curry’s contract details are mind-boggling
- 2022-23: $ 48 million
- 2023-24: $ 51.9 million
- 2024-25: $ 55.7 million
- 2025-26: $ 59.6 million
If you add in Curry’s $ 45.8 million salary for 2021-22, he will make an absolutely absurd $ 261 million over the next five seasons. To put this in perspective, the seven-time Super Bowl champion Tom brady of the Tampa Bay Buccaneers has made $ 263 million since joining the NFL in 2000.
From Golden State’s perspective, it’s obviously staying loyal to a player who has played a direct role in the organization moving from a laughingstock to the top of the sports world. When Curry was drafted in 2009, the Warriors organization was valued by Forbes at $ 315 million. In its most recent valuation, Forbes ranks Golden State as the second most valuable organization in the NBA at $ 4.7 billion, beating the Los Angeles Lakers in the process.
So before we talk about how ridiculous an average annual salary of $ 54 million is for a player, it is important to also consider the value of said players to the organization. Remember, the Warriors couldn’t have built that state-of-the-art stadium on the San Francisco boardwalk if it weren’t for the Curry-led teams that won three NBA titles in four seasons.
Extension of Stephen Curry and the future of the Golden State Warriors
Last week, the Warriors used both of their lottery picks on teens with Jonathan Kuminga, seventh overall and Moses Moody is off the board at 14.
This was something of a shock to the sports media world who thought Golden State would move both teams for veteran players to bolster their ability to compete next season. In fact, it could be argued that the Warriors owe it to Stephen Curry and the other veteran teams.
Now through the first two days of NBA free agency, the Warriors have added less heralded veterans like Otto Porter Jr. and Nemanja Bjelica. Both are decent acquisitions, but they don’t represent the high-profile gamers. Golden State has been linked to since the team ended its second straight season outside of the playoffs.
That means Golden State is confident that Curry will continue to play at a high level for the next two seasons as the team’s youngsters take shape. In turn, the three-time champion is confident that the Warriors will somehow return to the championship contention with their core. group apparently set for next season.
It’s an interesting backdrop for this spread, especially with division rival Los Angeles Lakers practically signing everyone under the sun.