AN 'underpaid' Stephen Curry is poised to receive a contract worth more than $200 million should he choose to stay with the Golden State Warriors, courtesy of the NBA's new collective bargaining agreement.
League sources told ESPN's Marc Stein and Brian Windhorst that the two-time MVP will be one of the biggest beneficiaries from the new designated veteran player provision in a newly agreed labor deal and will effectively triple his current salary of $12 million to $36 million next season.
Curry is on the last year of a four-year, $44 million extension that he signed three years ago, a measly sum due in part to concerns at the time on the 6-3 guard’s health and durability.
But Curry has since proven his durability in leading the Warriors to two straight NBA Finals stints and one championship, and he's all the more eligible next season for what could be the richest contract in league history - estimated at $207 million over five years with a $47 million payout in the final season (2021-22).
A new rule allows high-tier players who are willing to re-sign with their current team to receive up to 35 percent of the salary cap if they meet certain qualifications. Curry, who has played for the same team since entering the league, fits the criteria for the maximum allowable salary.
The latest development is partly a result of Kevin Durant, Curry’s new teammate, whose departure from the Oklahoma City Thunder in free agency spurred the changes in order to allow small market teams certain advantages in retaining their star players.