Steph Curry, Warriors reach $116M two-year extension
Steph Curry has agreed to a two-year, $116 million contract extension with the Golden State Warriors, tying the franchise legend to the Bay through the 2028-29 season—his 20th in the NBA—while taking less than his max to help the team rebuild cap flexibility.
League sources told ESPN's Shams Charania the deal includes a player option in the final season. The Associated Press independently confirmed the agreement Friday night. For more celebrity sports news, follow our Celebrity Breaking News hub.
Key Takeaways
- Curry and the Warriors agreed to a two-year, $116 million extension with a 2028-29 player option.
- He was eligible for up to $136.7 million and chose a pay cut over a max deal.
- The new path pays $55.7 million in 2027-28 and a $60.2 million player option in 2028-29.
- The structure gives Golden State about $10 million more projected cap space next summer.
- Curry finalized the deal three days before the team's first practice after nearly a month of talks.
What did Steph Curry agree to with the Warriors?
According to ESPN sources, Curry reached a two-year, $116 million extension that keeps him with the only NBA franchise he has ever played for through the 2028-29 campaign. That season would be his 20th in the league.
The Associated Press reported a person with direct knowledge of the deal confirmed the same terms Friday night, speaking on condition of anonymity because the team had not announced the contract. Curry is currently finishing a $62.6 million deal for 2026-27 before the new money kicks in.
He became eligible Aug. 29 for an extension of up to two years and $136.7 million. By signing at $116 million, he is leaving roughly $20 million on the table versus his maximum.
Why did Steph Curry take less than the max?
The Warriors presented Curry with several options in recent weeks, including waiting, ESPN reported. He ultimately chose a pay cut and security over a max contract or the uncertainty of stalling for more flexibility.
Team sources said Golden State framed a slight reduction from his max as a way to create more salary-cap room to build a contender around him. Curry told ESPN earlier this week he wanted to be on a competitive team and valued flexibility the Warriors have lacked in recent seasons.
"For me, information and patience is key," Curry said, citing the unique mix of salary-cap conditions, his career stage, and "the absolute desperation to win." He also said he wanted "no drama" around his contract heading into training camp.
How does the extension change Golden State's cap picture?
Under the new structure, Curry's salary dips from $62.6 million next season to $55.7 million in 2027-28, with a $60.2 million player option for 2028-29. ESPN reported that path should give the Warriors around $10 million extra in projected cap space next summer.
Jimmy Butler III ($56.8 million) and Draymond Green ($27.6 million) both have expiring contracts coming off the books next summer. Depending on decisions around Kristaps Porzingis's guarantee and Brandin Podziemski's extension eligibility, Golden State could sit between roughly $38 million and a projected $55 million in cap space, per ESPN's Bobby Marks.
Curry, who turns 39 this season, was limited to 43 games last year by a persistent right knee issue but said he feels great entering camp. The four-time champion and two-time MVP remains locked into the Bay Area's title window—and to helping reopen it.