The Golden State Warriors wasted no time re-signing Stephen Curry once free agency began locking up the two-time MVP to a five-year deal worth $201 million while also re-signing backup point guard Shaun Livingston.
Stephen Curry’s deal marks the largest contract in NBA history and he’ll be the first player ever to earn $40+ million a year. The historic contract is well deserved. The Warriors have paid Curry $44 million over the last four years making him the fourth highest paid player on Golden State. But the days of having Curry for the cheap are over. Golden State just shelled out that IOU money for the two-time MVP, first ever unanimous, and two -time NBA champion.
Now Curry is the highest paid Warrior as he should be but also the highest paid player in the NBA. Curry’s deal is for five years with no player option for the fifth year meaning Curry has committed to staying with Golden State for the full term of his contract. The deal also does not include a no-trade clause which gives the Warriors a bit more control down the road.
Curry’s new deal along with future free agent signings means Golden State could be paying close to $1 billion in luxury tax. But when you’re winning championships and have two of the top-three players in the NBA on your team that’s money owner Joe Lacob is willing to shell out.
The Warriors were also able to re-sign point guard Shaun Livingston to a three-year extension worth $24 million. Golden State was able to hold on to Livingston for a bargain. ESPN’s Chris Haynes was first to report the Livingston deal and Zach Lowe of ESPN reports that not only is Livingston’s $8 million a year a bargain but that the third year in the deal is only partially guaranteed.
Third year of Shaun Livingston’s deal is partially guaranteed, source says. Deal structure appears to be: $8M, $8M, $2M guaranteed
— Zach Lowe (@ZachLowe_NBA) July 1, 2017
After two big signings Golden State has a couple more to ensure their undisputed dominance over the league. That mostly will depend on Andre Iguodala’s decision to sign elsewhere for more money or re-sign with the Warriors. Without him Golden State should remain favorites, but with him they are a lock. Because of Livingston’s willingness to sign such a team-friendly contract, the Warriors are one step closer to remaining impenetrable. After the first day of free agency, they’re in good shape.