Golden State Warriors superstar, Steph Curry is set to become one of the biggest winners from the NBA’s newest collective bargaining agreement as he is primed to secure a bumper contract that would exceed $200 million thanks to the new designated veteran play provision, ESPN reported Thursday.
Curry, who is in the final year of a four-year, $44 million extension, will be eligible for a five-year deal worth an estimated $207 million – the most lucrative in league history – when the reigning two-time MVP becomes a free agent in July, according to the report.
The new rule in the CBA “allows certain superstars who are willing to re-sign with their current teams to receive up to 35 percent of the team’s salary cap,” per ESPN. But specific benchmarks need to be met and according to the report, Curry, a two-time MVP who’s played his entire career with one team, would meet those qualifications.
If Curry, who is making $12 million this season, were to receive this deal, he would earn approximately $35.7 million in the first year (assuming next year’s salary cap projection of $102 million is accurate) and then approximately $38.4 million, $41.3 million, $44.4 million and $47.7 million in subsequent years.
Those numbers are based on the NBA’s rules which allow a player to receive annual raises of 7.5 percent if he signs a deal with his current team.