From CNBC: 2024-08-29 14:31:42

NBA star Stephen Curry signs 1-year, $62.6 million extension with Golden State Warriors, making him first player to hit $60 million in a season. Curry’s contract keeps him with Warriors through 2026-2027 season, breaking records as highest paid player since 2017-2018 season, according to Spotrac.

Curry, a four-time NBA champion, recently won gold medal at 2024 Olympics with Team USA, leading in championship game with 24 points, all three-pointers. His contract extension showcases his impact, with rising salaries of younger players like Jayson Tatum signing over $300 million deals in expanding NBA market.

NBA’s recent 11-year, $77 billion media rights deal with Disney, NBCUniversal, and Amazon reflects league’s growing popularity and revenue stream, driven by stars like Curry. The value of media rights is boosting player salaries, with Curry’s extension setting new benchmarks for player earnings and team spending.

Stephen Curry, who has played entire NBA career with Warriors, holds multiple records as all-time leader in three-pointers made and has won two league MVP awards. The extension solidifies his position as one of the league’s highest paid players and an integral part of the NBA’s success.

Catch Stephen Curry on CNBC’s “Squawk on the Street” at 10:30 a.m. ET on Tuesday for an exclusive interview. CNBC’s parent company, Comcast NBCUniversal, has sponsored this coverage.



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