The Golden State Warriors have secured star guard Steph Curry on a two-year, $116m (£88m) contract extension, the franchise announced following ESPN's initial report of the agreement.
The deal structure includes a player option in the final season covering 2028-29, according to league sources. When combined with the remaining year on his previous contract, Curry will earn up to $178.5m across the next three seasons.
Notably, Curry reportedly could have signed an extension worth up to $136.7 million, but accepted $116 million, representing a $20 million discount from the maximum available to him under league rules.
Golden State general manager Mike Dunleavy had expressed optimism last month about reaching an agreement with the two-time MVP and NBA's all-time leader in three-pointers made.
The 39-year-old will complete a $62.6m extension he signed for the 2026-27 season in August 2024 before this new contract carries him through 2029, which would mark his 20th season with the franchise. His salary will dip to $55.7m for the 2027-28 season, followed by a player option for $60.2m in the 2028-29 campaign.
Curry's 2024 extension was limited to one year under the NBA's over-38 rule, which restricts teams from offering contracts of four or more years to players who will be 38 during the deal, explaining why the new agreement spans just two years rather than a longer term.
Curry on the deal and his mindset
Speaking to ESPN earlier this week, Curry outlined his thinking behind the agreement and what matters most to him at this stage of his career.
We're in a very interesting situation. 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.
He emphasised the importance of patience and information gathering as the Warriors navigate their current circumstances.
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.
Looking ahead to the season, Curry expressed enthusiasm about returning to action and confidence in his physical condition.
The idea of getting back to work is exciting. I feel like I've taken advantage of the offseason. I feel like there's no hesitation about where I'm at physically going in. But I'm excited about getting back to work.
Recent performance and career milestones
Last season proved challenging for Curry, who appeared in just 43 games due to injury concerns. During those limited appearances, he averaged 26.6 points, 4.7 assists and 3.6 rebounds per game, demonstrating his continued effectiveness when healthy.
The guard has captured four NBA titles during his tenure with Golden State, with his most recent championship coming in 2022. His career on-court earnings now total $652m following this extension, making him the first player in NBA history to surpass the $600m mark in career earnings.
Early preseason action
Curry played 23 minutes in the Warriors' October 13 preseason victory over the Lakers, scoring 11 points with two rebounds, two assists and a steal—representing his longest preseason workload to that point in the lead-up to the regular season.
What's next for the Warriors
Golden State will continue its preseason schedule with a matchup against the Portland Trail Blazers on October 16, before opening the regular season against the Los Angeles Lakers on October 21. The extension agreement ensures Curry will be leading the franchise's championship push for years to come.
