Stephen Curry Agrees to Two-Year, $116 Million Extension With Warriors

Golden State Locks in Franchise Legend Through 2028-29 Season

Golden State Warriors superstar Stephen Curry has agreed to a two year, $116 million contract extension that will keep the franchise legend with the only NBA organization he has ever known through his 20th NBA season. The deal includes a player option for the 2028-29 season, according to league sources. Curry ultimately chose security and a slight pay cut rather than pursuing a maximum extension or waiting for more information and flexibility before committing to his future.

Curry Chooses Security Over Maximum Contract

Curry is currently playing under an expiring $62.6 million contract and became eligible Aug. 29 to sign an extension worth up to two years and $136.7 million. The Warriors presented Curry with several options during negotiations, including the possibility of waiting before making a decision.

As part of the team’s presentation, Golden State outlined a path that included Curry accepting a modest pay cut from his maximum salary. That decision would give the Warriors additional salary cap flexibility to build a stronger roster around their longtime star in the coming seasons.

Curry ultimately agreed to the lower figure, with his salary dropping from $62.6 million next season to $55.7 million for the 2027-28 season. His $60.2 million player option for 2028-29 gives Curry control over the final season of the extension.

The structure is projected to give Golden State approximately $10 million more in salary-cap space next summer, potentially providing the Warriors with additional flexibility in free agency or the trade market.

Warriors Gain Significant Salary-Cap Flexibility

Golden State could have considerable financial flexibility next summer. Jimmy Butler III, who is set to make $56.8 million, and Draymond Green, who is scheduled to make $27.6 million, both have expiring contracts.

Veteran center Kristaps Porzingis also has only $3 million of his $20 million salary guaranteed, according to ESPN’s Bobby Marks. Depending on how the Warriors handle Brandin Podziemski’s extension eligibility, Golden State could have between approximately $38 million and a projected $55 million in salary cap space next summer.

Podziemski, who has yet to sign an extension, currently carries a $17 million cap hold for next summer. The combination of expiring contracts and Curry’s willingness to take less money gives the Warriors another avenue to reshape the roster around their franchise centerpiece.

Curry Wanted No Drama Surrounding Contract Talks

Curry took nearly a month to decide whether to sign for the full maximum, accept a pay cut or wait before agreeing to a new contract. The four-time NBA champion previously said he wanted “no drama” surrounding his contract situation heading into training camp.

By reaching an agreement three days before the Warriors’ first practice, Curry eliminated the uncertainty surrounding his future and ensured that his career will continue in Golden State.

Curry turns 39 this season and missed 39 games last season because of a persistent right knee issue. Despite the extended absence, Curry has said he feels great heading into training camp as he prepares for another season with the Warriors.

Curry Becomes NBA’s First $600 Million Player

The extension also adds another historic milestone to Curry’s remarkable career. Once the new contract is factored in, Curry’s career on court earnings will reach approximately $652 million. That makes Curry the first player in NBA history to surpass $600 million in career on-court earnings. The new deal also reinforces Curry’s place at the center of the Warriors’ plans. After helping transform Golden State into one of the NBA’s defining franchises of the modern era, Curry will remain under contract with the organization as he enters the next chapter of his career.