Stephen Curry has agreed to a 5-year, $201M deal with G…

3 years ago via ESPN
Stephen Curry has agreed to a 5-year, $201M deal with Golden State, agent Jeff Austin of Octagon tells ESPN. No player option.

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Brian Windhorst: Under the new collective bargaining agreement, Curry is in line to get the brand-new "designated veteran" deal that will run to five years and about $201 million. If Curry wanted to go to another team, he'd be leaving around $70 million on the table. The new CBA was specifically designed to keep players like Curry on their teams.
Would Curry consider taking a paycut? “As we go into talks and this whole process — which is obviously new for me — I will approach it as getting the most as I can as an individual, as a player, something I’ve been working for for a very long time,” Curry said. “In the context of keeping the team together, if there are decisions that need to be made, we’ll talk about it for sure.”
Tim Kawakami: I asked Joe Lacob last night if he'll offer Steph Curry the super-max: "We're going to do whatever it takes to keep Steph here and happy."
Durant's gesture would allow the Warriors to keep their entire core together for years to come even as star point guard Stephen Curry potentially signs one of the first five-year, "supermax" contracts created by the new collective bargaining agreement in which a team can reward one designated veteran player per year with a contract starting at 35 percent of next year's projected $101 million salary cap.
Albert Nahmad: Warriors have drafted 3 players – Curry, Thompson, Green – who’ve each made All-NBA, and could each qualify for super-max if make it again! NBA teams only allowed to have 2 of its drafted players on DVPs at any given time. If Curry gets one, leaves only one for Thompson or Green. Draymond Green and Klay Thompson now locked in fun battle for DVP candidacy in years ahead – only one can get it (if Steph Curry gets one)!
“I have no angst whatsoever (about re-signing Durant and Curry),” Warriors owner Joe Lacob told USA TODAY Sports. “I totally am positive (that) I think those guys are going to sign. They’re both free agents. They have a right to do whatever they want. They’ve earned it, and I respect that. If they don’t sign with us for some reason, then shame on me and us. I take responsibility for that. But I don’t see that happening.”
So I asked him during our podcast conversation after practice on Saturday: Steph, given the huge new dollar-advantage presented to the Warriors in the new collective bargaining agreement and the atmosphere here, can you even fathom leaving this team this summer? “I can’t,” Curry said. “Like I’ve said from Day 1 when I was first asked about free agency, this is a perfect place to play. Bay Area fans are amazing, our organization’s amazing, we’ve put together an amazing team that’s competing for championships every year. “There’s really no reason that I can see right now that would draw me elsewhere.
I asked Curry if he has let himself contemplate a new deal worth more than $40 million a year. “I know it’s on the horizon,” Curry said. “It’s something that I hope to get done this summer.
Curry, who will have eight years of service in July, will be eligible to sign for 35 percent of the salary cap (Tier 1 max) because he would have met the All-NBA criterion. The new rule incentivizes All-Star-level players to remain with their current teams. The new pact would see Curry earn a contract valued at $209 million over the next five years. If Curry were to leave in free agency, the most a team could offer is four years, $132 million.
Because Durant would need to be signed with cap space, the large cap holds of both Shaun Livingston ($10.9 million) and Andre Iguodala ($16.7 million) would need to be renounced. Curry’s $18 million free-agent cap hold will now be replaced with a likely $36 million salary. The remainder of the roster would be filled using the room mid-level exception and minimum players, meaning the total committed salaries for next season will likely be $135 million. Golden State will likely be in the luxury tax with a $21.5 million penalty. A. Under contract Kevin Durant $36,050,000. Stephen Curry $36,050,000. Klay Thompson $17,826,150. Draymond Green $16,400,000.
Golden State Warriors star guard Stephen Curry is poised to go from being one of the NBA's most underpaid players to a contract that will pass the $200 million threshold thanks to the NBA's new collective bargaining agreement, according to league sources.
Currently playing out the last year on a four-year, $44 million extension that he signed in October 2013 at a time that his long-term durability was still being questioned, Curry will be eligible in July for a new deal that sources say would be worth an estimated $207 million over five years, making it the richest contract in league history and paying out an estimated $47 million in the final season (2021-22).
The widespread expectation in league circles is that rival teams had virtually no shot anyway at luring Curry from the Warriors in free agency in July, but now the finances are stacked against his departure even more. If Curry were interested in changing teams this summer, interested suitors could only offer an estimated maximum contract in the $135 million range over four years, giving Golden State unprecedented ability to retain next summer's co-No. 1 free agent alongside Durant.
Curry wasn’t going to completely paint himself into a corner, but he said as much speaking to the Wall Street Journal. Although he says “curveballs happen all the time,” it should relieve millions of people in the Bay Area that Curry feels that he is home. “It’s hard to see myself anywhere else,” he says.
"Obviously I love it here in the Bay Area," Curry said. "It's all I've known in the league. And if the situation is right going forward, this is a place I would love to play." Golden State will try hard to make it work. They need Curry not only for his on-court acumen but because the Warriors are trying to move to San Francisco and build an opulent new arena by 2019, and they want the widely beloved Curry to continue to be the face of their franchise.
Curry still owns a house in the Charlotte area and his parents live in the city. Father Dell is a former Hornets star who works for the team as a broadcaster, but he largely stays out of his children's decision-making processes. I asked Steph point-blank if he would consider going to Charlotte in the summer of 2017. "I don't know," he said.
He then went on to imply that at an unspecified point earlier in his career a "Steph in Charlotte" scenario might have been more possible, saying "obviously I had a strong tie to Charlotte and would have loved to play there. I'm very comfortable in that city. It's hard to say exactly what the situation will be this summer." My read on this? Barring an enormous turn of events, Curry and Golden State are joined at the hip and will be for the next few seasons. But Curry isn't saying "no" in part because it wouldn't be smart business to close off every avenue when he might soon be signing what could be the richest deal in NBA history.
I personally think if Curry ever plays in Charlotte it would happen sometime in his mid-30s, after his next blockbuster deal expires. As for now, though, he said he's not thinking about free agency. "It's on my radar," he said, "but it's not really on my mind as much day-to-day. I'm just trying to enjoy what this season is going to bring."
Curry wasn’t going to completely paint himself into a corner, but he said as much speaking to the Wall Street Journal. Although he says “curveballs happen all the time,” it should relieve millions of people in the Bay Area that Curry feels that he is home. “It’s hard to see myself anywhere else,” he says.
Under Armour lost nearly $600 million of its value as a company Friday, as its stock plummeted by more than 4 percent after the CEO of a major footwear retailer said the latest version of its Steph Curry shoe wasn't doing as well as expected. Foot Locker CEO Dick Johnson said the Curry 3 "started off a bit slower than the previous models," causing a sell-off in the stock market.
The shoe faces two challenges: The first is its price. Under Armour raised the price of the Curry 3 to $140 a pair. That's an increase of $20 from the Curry 1 and $10 from the Curry 2. Second, when he plays, Curry wears a shoe with a higher profile in order to protect his ankle. Nearly 80 percent of the people who wear basketball shoes do so for fashion, and lower-profile shoes are more popular.
One wrinkle in the current proposed deal, according to sources familiar with it: Cap holds attached to free agents coming off rookie contracts could jump to 250 and 300 percent of their prior salaries, up from 200 and 250 percent, to prevent teams from arranging wink-wink deals as San Antonio and Detroit did with Kawhi Leonard and Andre Drummond, respectively: "Hang in free agency as a cheapo cap hold, and we'll sign everyone else first." That extra few million matters for teams scrounging max cap space. As of now, cap holds attached to players with more experience would stay the same, per league sources. That could change, of course. But the status quo would be huge for Golden State, which is counting on Stephen Curry's under-market cap hold -- $18 million, way below his $30-million-plus max salary -- to fit Kevin Durant, Andre Iguodala, and Shaun Livingston.
The longstanding estimate for a Curry max used to be a five-year deal in the $175 million range. Yet the recent dip in the league’s projections for the 2017-18 salary cap -- teams were notified in July of a forecasted drop from $108 million to $102 million –- means that $165 million over five years is the proper estimate as we speak. We arrived at that figure in consultation with ESPN cap maven Larry Coon, who projects Steph’s 2017-18 max to come in at a shade under $28.8 million as a player with seven to nine seasons of service time.
Curry, who is in the final year of a four-year, $44 million deal, will once again be the fifth-highest paid player on the team. That's something he said he's at peace with. "I told myself, when I made the decision to sign for what I did back in the day, that I'm blessed to take care of my family for what it was," Curry said. "And there would probably be a situation, if I played the way I was supposed to coming off that contract, that I could be underpaid or whatever. But at the end of the day, it would all come around and we won the championship and good things happened."
Ric Bucher: I think the Spurs are looking at the fact that Kevin Durant came into Golden State and that Kevin Durant may take up some of the superstar space that was previously occupied by Steph Curry... and when Steph Curry becomes a free agent, I think they are going to go hard at Steph Curry.
2. Curry’s new contract would not run nearly as long as if he waits one year for free agency. A renegotiated extension can only be for a maximum of four seasons, and the renegotiated season counts, so a Curry contract this summer would go through the 2019-20 season while a five-year contract as a free agent next summer could give him security until 2021-22. Waiting also likely gives Curry a higher salary per season since the cap will rise again next year — especially if, as expected, the value of maximum contracts is increased in the 2017 labor renegotiations.
Curry again stated his desire to stay with the Warriors in a video posted on his Facebook page (scroll ahead to the 2:33 mark). Asked if he ever thought he’d leave Golden State, Curry said, “Hopefully not. Hopefully everything works out and I can finish my career here. I’ve probably got like 10 good years left.”
Stephen Curry plans to stay with the Warriors long term and isn’t interested in free agency after the 2016-17 season, the league MVP told Sporting News. “As I am thinking right now, free agency isn’t really appealing to me because I love where I’m at, love the organization I’m playing for, and the Bay Area is home for me and my family,” Curry said. Curry becomes an unrestricted free agent in the summer of 2017 unless he works out an extension with Golden State before then. He remains an absolute bargain for the champion Warriors after signing a four-year, $44 million deal in October 2012 that will pay him $11.3 million this upcoming 2015-16 season and $12.1 million in 2016-17.
Storyline: Stephen Curry Free Agency
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