Story perspectives

Warriors Offer Stephen Curry Two-Year, $137M Extension

8/24/2026

Summary

Story summary

Warriors can lock Stephen Curry into a two-year, $137 million extension starting Saturday.
The extension is limited to two years because Curry is 38 under the NBA’s over-38 rule.
The first year of the deal is projected at $66 million.
Warriors could retain over $100 million in cap space next season depending on holds and trades.
GM Mike Dunleavy Jr. said Curry could accept a discounted two-year, $100 million deal.

History

Historical Context

The 1995 NBA Collective Bargaining Agreement introduced the over-35 rule, restricting players 35 and older to one-year contracts. That season the league imposed a $30.3 million salary cap, compelling teams such as the Chicago Bulls to negotiate brief extensions for veterans like Michael Jordan. In 2024 the Golden State Warriors, guided by GM Mike Dunleavy Jr., crafted a two-year, $137 million extension for 38-year-old Stephen Curry under the over-38 rule. Thus the 1995 CBA continues to dictate contract length and cap strategy, preserving flexibility while limiting long-term deals for aging stars.

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Story summary

Warriors can lock Stephen Curry into a two-year, $137 million extension starting Saturday.
The extension is limited to two years because Curry is 38 under the NBA’s over-38 rule.
The first year of the deal is projected at $66 million.
Warriors could retain over $100 million in cap space next season depending on holds and trades.
GM Mike Dunleavy Jr. said Curry could accept a discounted two-year, $100 million deal.

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