The Golden State Warriors are nothing without Stephen Curry. The success, the fan base, the team skyrocketing in value, the jersey sales, the sold-out arenas, and the new home court. However, is it fair to question his next mega-deal, which would pay him almost $60 million in one year? Some team executives certainly think so.
Stephen Curry to ink next $200 million contract
Curry will soon ink the second supermax deal of his career. The extension is allegedly around $215 million. The yearly breakdown can be best explained below:
Breakdown of the Steph Curry extension:
2022-23: $48.0 million
2023-24: $51.9 million
2024-25: $55.7 million
2025-26: $59.6 million
Rules of the CBA allow the first year salary to be 105% off the prior years salary even if it exceeds the maximum allowed ($41.6M).
— Bobby Marks (@BobbyMarks42) August 3, 2021
At the end of the deal, the greatest shooter to ever live will receive $59.6 million. In the 2025-26 season, Steph will be 38 years old. Depending on the status of his health or on-court production, it’s hard to understand from the business perspective of the NBA that amount of money is going to an aging veteran. If the Warriors are preparing for life after Curry or Klay Thompson or Draymond Green, some of that money could be used to attract younger talents. But, in Curry’s case, the deal, no matter how absurd, is anchored on nostalgia.
Superstars deserve to get paid
The 3-time champion is no ordinary player. He’s in an exclusive circle with Kobe Bryant, Dirk Nowitzki, and other players who earned the right to get a massive pay before hanging it up. GSW would not have enjoyed the same success without his early sacrifices to accommodate more talent to the team. He once accepted a 4-year, $44 million deal in 2017, which is low compared to how much other stars in the league are receiving that time. But for the son of Dell Curry, money does not concern him.
“One thing my pops always told me is you never count another man’s money,” Curry says in an interview with Tim Kawakami of The Mercury News. “It’s what you’ve got and how you take care of it. And if I’m complaining about $44 million over four years, then I’ve got other issues in my life.”
This selflessness allowed Golden State to change from being a good team to a great team. Curry set an example to his teammates that the most important thing is winning together. In the end, winning took care of everything and if the Warriors opened their bank accounts to make sure he will be set for life after basketball, then so be it. If Curry wins another ring or two, the gamble and investment would have been a good business deal for the Warriors.