If you are a basketball fan, you surely must have heard the exciting news about NBA superstar Stephen Curry signing a one-year, $62.6 million extension with the Golden State Warriors. This deal not only keeps Curry in a Warriors uniform through the 2026-2027 season but also makes him the first NBA player to earn $60 million in a single season. His agent confirmed this news to CNBC, and the basketball world is buzzing with excitement.
Curry, a four-time NBA champion, recently added a gold medal to his impressive list of accomplishments by winning with Team USA at the 2024 Olympics. In the championship game against France, Curry led the team with 24 points, all coming from three-pointers – a true testament to his incredible shooting skills.
What makes Curry’s latest contract extension even more intriguing is the ripple effect it will have on player salaries in the NBA. With Curry setting the bar high at $62.6 million, other NBA stars are likely to aim for even higher salaries in the coming years. This trend is further fueled by the league’s lucrative media rights contract, valued at $77 billion over 11 years, which was recently negotiated with major players like Disney, NBCUniversal, and Amazon.
As the NBA continues to grow in popularity and attract lucrative deals, player salaries are on the rise. Younger players like Jayson Tatum of the Boston Celtics have already signed contracts exceeding $300 million over five years, signaling a promising future for basketball stars in terms of earning potential.
Curry, who has been the highest-paid player in the NBA since the 2017-2018 season, has cemented his legacy as one of the greatest shooters in the history of the league. With two league MVP awards and the title of the all-time leader in three-pointers made, Curry’s impact on the game is undeniable.
For more insights into the business side of basketball and how player contracts are shaping the future of the NBA, tune in to CNBC’s “Squawk on the Street” at 10:30 a.m. ET on Tuesday to hear directly from Stephen Curry himself.
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