Snap Reaction to the Stephen Curry Extension
The Warriors extended Stephen Curry with a four-year, $44 million contract.
- I thought the Warriors would stick somewhere around the 4-year/$40M number. Given his injury history, I figured anything in excess of that would be taking too big of a risk and that anything less would be low-balling their franchise point guard.
- I wonder how the contract is structured. $11M per might seem a bit high right now, but if he’s healthy, it’s a bargain. It’s even more beneficial down the line if the contract is structured like Monta Ellis’ where it’s a fixed number per year over the life of the contract. If Curry has the typical 10% escalator, then it becomes a bit less of a bargain. That’s a secondary factor to the actual $44M number, though. (An example of the 10% escalator is David Lee will be making $15.5M in the final year of his contract. Ouch.)
- If Curry played out this season without an extension, I think there’s a better than decent chance a desperate team would’ve maxed him out like the Phoenix Suns did with Eric Gordon. That was the fear if they let Curry become a restricted free agent. It only takes one desperate team. Remember, Curry is from Charlotte and the Bobcats have a ton of money to spend. The Warriors decided it was better to make a more than fair offer now to avoid the potential nightmare next season might’ve brought.
- There’s value in cost certainty.
- Eric Gordon got $58M from Phoenix after knee surgery. Jeff Green got $36M from Boston after open heart surgery. Suddenly, Stephen Curry’s $44M doesn’t seem high.
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