Answering Biggest Questions from Steph Curry's $62.6 M Golden State Warriors Extension
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Any worries that Stephen Curry was aiming to leave the Golden State Warriors appear to have actually been eased by news of a 1 year, $62.6 million extension (H/T Adrian Wojnarowski of ESPN), keeping him under agreement through the 2026-27 season.
Curry just recently got rid of the Warriors from his Instagram bio and appeared to be flirting with LeBron James on a joint post. While a trade to the Los Angeles Lakers was technically possible, it definitely appeared improbable.
The following FAQ addresses the effect of Curry's extension and the Warriors' brief and long-lasting future.
Why Only One Year?
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Is Curry extending for “simply” one year an indication he's not dedicated long-lasting?
No, the concern is age. Curry is currently 36 and under agreement (before the extension) at $115.4 million through 2025-26. The Over-38 Rule limitations gamers of Curry's age to three-year agreements.
His extension is technically a three-year offer: the 2 pre-existing years plus the $62.6 million for 2026-27. This is the longest he might sign for with the Warriors now.
Keep in mind that the Over-38 Rule permits longer offers however not in a manner that enables the gamer to make anything more than they would– in this case– over the 3 overall years.
Isn't Curry Getting More Than limit?
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For a gamer with over 10 years of experience, limit wage is $49.2 million for 2024-25. Curry will make more than that this season at $55.8 million.
When a gamer with complete Bird rights re-signs with a group, they can get up to the league or individual max (105 percent of their previous wage). Curry has actually been making for a long period of time with the Warriors and is making about $6.6 million above the league max.
The most a gamer can extend for is 140 percent of their ending wage, however $83.4 million is method over the league and individual maxes, so he's restricted to 105 percent of his ending $59.6 million in 2025-26– which is why his extension will be for $62.6 million in 2026-27.
Are the Warriors Capped Out This Year?
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Curry's extension does not straight affect this season. The Warriors currently selected to have a first-apron difficult cap at $178.1 million by signing De'Anthony Melton to the non-taxpayer mid-level exception (12.8 million) and obtaining Buddy Hield and Kyle Anderson through sign-and-trade.
With 18 gamers under agreement (consisting of 3 two-way offers and Jackson Rowe's Exhibit 10 summertime offer that do not count versus the cap), the Warriors are at $177.6 million.
