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3 takeaways from record Stephen Curry contract extension

Vincent Frank

[brid autoplay=”true” video=”838481″ player=”23231″ title=”5%20ideal%20Kawhi%20Leonard%20landing%20spots%20during%20NBA%20free%20agency” duration=”121″ description=”Los Angeles Clippers star Kawhi Leonard is set to hit free agency after declining his player option for the 2021-22 season.While rumors have persisted that Leonard will re-sign with Los Angeles, that no longer seems to be a foregone conclusion. The backdrop here being the torn ACL he suffered in this year’s NBA Playoffs and the unlikelihood that Leonard will suit up at any point during the 2021-22 campaign.” uploaddate=”2021-08-02″ thumbnailurl=”//cdn.brid.tv/live/partners/17660/snapshot/838481.png” contentUrl=”//cdn.brid.tv/live/partners/17660/sd/838481.mp4″]

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 with Golden State, Curry has officially inked a four-year, $215 million extension through the 2025-26 campaign.

He now has the distinction of becoming the first NBA player to ink two contracts in excess of $200 million throughout his career. Curry’s average annual salary of $54 million is also the highest in Association history. Below, we look at three takeaways from the historic Stephen Curry contract extension.

Stephen Curry will be a rare lifer with one team

stephen curry contract extension
Kyle Terada-USA TODAY Sports

Assuming the future Hall of Famer doesn’t request a trade at some point, it appears that he will be one of those rare stars to play his entire career with one team.

Set to turn 34 next March, this contract extension will take Curry up until his Age-38 season. While the Baby-Faced Assassin has shown no signs of slowing down, there’s every reason to believe that this will be his final 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.

Stephen Curry 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’ll earn an absolutely absurd $261 million over the next five seasons. To put this into perspective, seven-time Super Bowl champion Tom Brady of the Tampa Bay Buccaneers has earned $263 million since entering the NFL in 2000.

From Golden State’s perspective, it is obviously staying loyal to a player who has played a direct role in the organization going from laughingstock to the pinnacle of the sports world. When Curry was drafted back in 2009, the Warriors’ organization was valued by Forbes at $315 million. In their most-recent valuation, Forbes has Golden State as the second-most valuable organization in the NBA at $4.7 billion — leapfrogging the Los Angeles Lakers in the process.

So, before we talk about how ridiculous an average annual salary of $54 million is for one player, it’s important to also look at said players’ value to the organization. Remember, the Warriors wouldn’t have been able to build that state-of-the-art venue on the San Francisco waterfront if it weren’t for the Curry-led teams winning three consecutive NBA titles.

Stephen Curry extension and the Golden State Warriors future

Stephen Curry NBA scoring title
Kyle Terada-USA TODAY Sports

Last week saw the Warriors use their two lottery selections on teenagers with Jonathan Kuminga going seventh overall and Moses Moody finding himself off the board at 14.

This was somewhat shocking to a sports media world that figured Golden State would move both NBA Draft selections for veteran players in hopes of contention next season. In fact, an argument could be made that the Warriors owe this to Stephen Curry.

Now through the first two days of NBA free agency, the Warriors have added less-heralded veterans in that of Otto Porter Jr. and Nemanja Bjelica. Both are decent acquisitions. But they don’t represent the high-profile players Golden State had been linked to since the team finished up its second consecutive non-playoff season.

With Curry entering the latter years of his prime and Klay Thompson returning from missing the past two seasons to injury, Golden State’s championship window might not even be ajar. Sure stuff can happen between now and the start of the 2021-22 season, but it’s highly unlikely that the Warriors will pull off that trade for a true star player.

This now means that Golden State is relying on Curry to continue playing at a high level over the next couple seasons as the team’s youngsters round into form. In turn, the three-time champion is banking on the Warriors somehow returning to championship contention with their core group seemingly set for next season.

It’s an interesting backdrop to this extension, especially with the division rival Los Angeles Lakers pretty much signing everyone under the sun.