NBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC.
The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and will make him the first NBA player to make $60 million in a season, according to Spotrac. As of now, several NBA players who have signed long-term extensions are set to eclipse Curry’s $62.6 million salary the following year.
Curry is a four-time NBA champion and most recently won a gold medal with the Team USA basketball team at the 2024 Olympics. In the championship game against France, Curry led the team with 24 points, all of which were three-pointers.
Curry is no stranger to setting records. He was the first NBA player to hit both the $40 million and $50 million annual base salary marks and has been the highest paid player in the league since the 2017-2018 season, according to Spotrac.
Curry, among other stars, is one of the reasons why the NBA was able to negotiate an 11-year, $77 billion media rights contract in its most recent deal with Disney, NBCUniversal and Amazon, which takes effect after the upcoming season. The booming value of media rights is driving player salaries up with it.
Younger players like Boston Celtics forward Jayson Tatum have signed contracts worth more than $300 million over five years, as the league keeps growing more popular and sports continue to be one of the only types of television that people will tune in for live.
Curry, 36, has played his entire NBA career with the Warriors. He has won two league MVP awards and is the all-time leader in three-pointers made.
Programming note: Curry will appear on CNBC’s “Squawk on the Street” at 10:30 a.m. ET on Tuesday.
Disclosure: Comcast NBCUniversal is the parent company of CNBC.