Two-time MVP guard Stephen Curry and the Golden State Warriors have agreed to terms on a one-year, $62.6 million contract extension, his agent, Jeff Austin of the Octagon, told ESPN's Adrian Wojnarowski on Thursday.
Golden State Warriors star Stephen Curry was only eligible to sign a one-year contract due to the NBA's over-38 rule.
The deal keeps Curry under contract with Golden State through the 2026-27 season. Per Spotrac, he will become the third NBA player, joining LeBron James and Kevin Durant, to pass $500 million in career salary.
The Warriors have been given until October 21 to extend the 16-year veteran one more year.
Curry had two years left on a four-year, $215.4 million contract he signed through August 2021. He was only eligible to sign for one more year this offseason because of the NBA's over-38 rule.
Golden State Warriors star Stephen Curry has agreed to a one-year, $62.6 million extension that will keep him under contract through the 2026-2027 season, his agent Jeff Austin of the Octagon tells ESPN. pic.twitter.com/XdxeevrbIC
– Adrian Wojnarowski (@wojespn) August 29, 2024
The league's over-38 rule prohibits teams from offering contracts of four years or more to players who are 38 or will be 38 at the time. All-Stars like Curry and LeBron James are affected by the law.
Curry's age 38 season will come in 2026-27. He turns 38 on March 14, 2026, but it will be classified as his age 37 season since his birthday occurs late in the regular season.
Stephen Curry wants to be a Warrior for the rest of his life
Curry, 36, has been open about his desire to retire with the Warriors. “I've always said I want to be a Warrior my whole life,” Curry told Andscape in July. “At this point in my career, I feel that is possible.”
In July, Warriors general manager Mike Dunleavy said he was “confident” they would be able to re-sign Curry. Dunleavy was confident that Curry “can get whatever he wants.”
In 77 games (all starts) with the Warriors last season, he averaged 26.4 points, 4.5 rebounds, 5.1 assists, and 32.7 minutes per contest while shooting 45% from the floor and 40.8% from three-point range.
He was also named the 2023-24 NBA Clutch Player of the Year, finishing ahead of Chicago Bulls forward DeMar DeRozan and Oklahoma City Thunder guard Shai Gilgeous-Alexander.
Curry led the NBA in field goals (189) and 3-pointers (357) last season. Additionally, Golden State has made more clutch plays (48) than any other team in the league.
Golden State added Buddy Hield, Kyle Anderson, and De'Anthony Melton this offseason while losing Chris Paul and Klay Thompson.
Golden State missed the playoffs with a 46-36 record last season. The Warriors made the playoffs as number 10. However, they continued to lose against the Sacramento Kings. It was their first missed season since the 2020-21 season.
Although the Warriors are expected to continue competing with Stephen Curry, they will now enter a new era without Klay Thompson, who agreed to a deal with the Dallas Mavericks during free time after 13 seasons with Golden State.
The Warriors waived Chris Paul instead of guaranteeing him $30 million through the 2024-25 season.
Golden State will continue to build around Curry and veteran Draymond Green. The Warriors also have young players like Jonathan Kuminga, Brandin Podziemski, and Trayce Jackson-Davis.
Kuminga, who is entering his fourth season, is eligible for an extension worth up to $215 million over five years. During the offseason, the Warriors also added Buddy Hield, Kyle Anderson, and De'Anthony Melton.
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