The powerhouse group has decided to remain united. Agent Jeff Austin confirmed to ESPN’s Adrian Wojnarowski that Stephen Curry and the Golden State Warriors have reached an agreement on a five-year, $201 million contract.
Over the last three years, Curry has been a driving force for the Warriors, who under his direction have amassed 207 wins in the regular season en route to two NBA championships and three trips to the NBA Finals.
During this time, he was the first player to ever receive unanimous MVP votes and was named the league’s Most Valuable Player twice. He was still one of the best players in the NBA despite a slight drop in production in 2016–17 due to the addition of Kevin Durant.
Curry showed no signs of wanting to leave the Warriors in free agency, even after his points per game dropped from 30.1 to 25.
From September of last year, “I want to be back here,” Curry was quoted as saying by Ethan Sherwood Strauss of ESPN.com. And that’s really all there is to it because I enjoy playing here: The Warriors’ 16-1 postseason record was indicative of how dominant they could be when at their peak performance level.
The point guard, however, has been underpaid for some time. At the end of his four-year extension, worth about $44 million, he made just slightly more than $12 million this past season. His salary will finally reflect his status as an NBA all-star.
An Argument For A Higher Salary In The Stephen Curry Contract?
Stephen Curry, a guard for the Golden State Warriors, has been named the league’s Most Valuable Player twice in the last three years. While in the NBA, he won two championships.
With one of the most significant economic boons of the modern era as his target audience, Curry has the world at his feet.
There has never been a higher market for the star guard off the field. Here’s a guy who can give Under Armour, a company he owns stock in, a market cap of more than $14 billion.
Almost instantly, discussions erupted about whether or not Curry was actually worth that much money. According to one report, nobody in the world is worth $200 million.
It’s a failure of an argument. Supply/demand and the market itself dictate an individual’s worth. I’m not here to argue whether teachers and first responders are underpaid. They are. But the argument used here is apples and oranges.
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Some who speak out about the low pay of public servants in comparison to entertainers are the very same people that are against tax hikes to help fund better pay for teachers and first responders.
What Did Steph Curry’s Attitude Toward Money Have To Do With Him Signing A $200 Million Contract
The Golden State Warriors’ high-scoring point guard Stephen Curry is now the second highest-paid player in the history of basketball. There is a total of $201 million spread out over the next five years on Curry’s contract. He will earn slightly more than $40 million in salary for the 2017–2018 season.
However, Curry’s salary wasn’t always so astronomical. As of 2012, he was four years into a $44 million contract with the Golden State Warriors. His 2016–17 salary of $12.1 million placed him at the 82nd spot on the NBA’s salary list.
Curry’s meteoric rise from 82nd to 2nd was propelled by a single strategy: he stopped worrying about his salary and started worrying about his own performance.
According to an interview with Tim Kawakami of The Mercury News, Curry reveals that his father taught him not to count another man’s money. “It all comes down to resources and maintenance. And if I have other problems in my life if I’m complaining about $44 million over four years, then I have other problems.
The foresight proved to be correct. Over the course of the last four years, Curry has broken numerous scoring records with his “Splash Brother” Klay Thompson and has been named NBA MVP twice. In 2016, Curry became the first player in NBA history to win the MVP award with 100% of the vote.
His new deal, starting this season, is for four years and over $215 million. As the NBA’s new CBA went into effect in 2017, Curry became the first player to sign a “supermax” contract. In 2022–23, Curry’s salary will again be the highest of any player in the NBA.
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