Stephen Curry, Warriors Finalize Two-Year Extension

“We couldn’t be more excited about reaching an agreement with Stephen and extending his historic career with the Warriors,” general manager Mike Dunleavy Jr. said. “There has never been a better face to a franchise in professional sports history, both on and off the court, than Stephen Curry with the Warriors.

“He embodies everything this organization strives to represent through his legendary play on the court, his unique leadership and sacrifice, and his unmatched impact in the community. We’ve been incredibly blessed to experience 17 years of Stephen’s artistry and are thrilled that our fans will continue to have the opportunity to watch him perform and write additional chapters to his illustrious story.”

According to Shams Charania of ESPN (Twitter link), who first reported the news, Curry signed a two-year, $116 deal with a player option for the 2028/29 season. That’s $20.7MM less than the maximum ($136.7MM) Curry was eligible to receive.

The 12-time All-Star guard will make $62.6MM this season and $55.7MM in 2027/28, the first season of his new extension. The Warriors could create a significant amount of cap room next summer, per Yossi Gozlan of CapSheets.com, though exactly how much space would depend on several factors, including the player options held by Al Horford and De’Anthony Melton.

Curry, who has repeatedly said he wants to finish his career with the only NBA franchise he’s ever known, will likely face a six-month trade restriction as a result of the transaction, Gozlan notes (via Twitter), meaning Curry will remain a Warrior through the February deadline. There was never any doubt about Curry’s place on the roster, but still.

Curry became eligible on August 29 to sign an extension. Reporting in recent weeks indicated that the Warriors were prepared to give the the 38-year-old whatever one- or two-year contract he wanted to sign. Curry was limited to a two-year deal due to the over-38 rule.

“We’re in a very interesting situation,” Curry told ESPN two days ago. “All the different salary cap conditions of whether I sign for a max or less or whatever it is, I want to be on a competitive team. I want to have an opportunity to have some flexibility because we haven’t had that in years past, the recent past.

“… This team should have flexibility to make necessary moves if things happen. Those are always just the considerations. For me, information and patience is key. It’s just a very unique situation all the way around based on where we’ve been the last four years, where I’m at in my career, what our team looks like this year and the absolute desperation to win. Trying to balance all that.”

Curry’s contract comes just a few days before Monday’s media day. Golden State’s training camp starts Tuesday in Hawaiʻi. ESPN’s Anthony Slater previously speculated that there would be resolution on the situation ahead of training camp.

While Curry was limited to just 43 regular season contests last season due to runner’s knee injury, he continued to produce at a high level when he was available, averaging 26.6 points, 4.7 assists, 3.6 rebounds and 1.1 steals on .468/.393/.912 shooting splits in 30.9 minutes per game.

The four-time champion holds NBA records for total three-pointers made, threes made per game, and three-point attempts per game, and his career free throw percentage of .912 is the highest in league history.

The extension means Curry will be the first player in NBA history to surpass $600MM in on-court earnings, according to Marks (Twitter link). Kevin Durant and LeBron James are both just under that threshold.