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Report: Stephen Curry agrees to four-year, $215 million extension [UPDATE]

Warriors superstar becomes first player to sign two deals worth $200 million or more in the NBA.

Stephen Curry of the Golden State Warriors claps during the game against the Memphis Grizzlies during the 2021 Play-In Tournament on May 21, 2021 at Chase Center in San Francisco, California.  Photo by Juan Ocampo/NBAE via Getty Images

Golden State Warriors All-Star G Stephen Curry is likely to sign a four-year, $215 million contract extension this offseason, per Marc Stein of the New York Times. Curry is eligible to sign an extension when the calendar year flips this Friday at midnight. Curry is entering the final year of a five-year, $201 million deal he signed back in July of 2017 with Golden State.

Update — Curry and the Warriors have reached an agreement on the reported contract, per ESPN’s Adrian Wojnarowski.

This was always going to be the case with the Dubs and Curry working to get a new deal done. Curry will likely finish his career a Warrior. The three-time champion is coming off his best season from a pure scoring perspective, leading the league at 32 PPG in 2020-21. His shooting splits weren’t as good as when Curry won back-to-back MVPs in 2015 and 2016. Still, Curry set a career high with 21.7 shot attempts per game and still maintained 48/42/91 shooting splits, which is very impressive.

Curry is set to turn 34 in March of the 2021-22 season, so this new contract will likely run until the All-Star is closing in on 40 years old. The deal will likely have a player option for the final season, but again, it’s hard to view a scenario in which Curry leaves the Bay Area. On this reported deal of $215 million, Curry would be making around $54 million per season, though we won’t know the structure of the deal until later in the week if it does get reported.

Because of how well the Dubs have managed assets and drafted, the team shouldn’t be hurt too much by the massive cap hit Curry will carry toward the end of his career. Chances are the Warriors will try and find a new home for Andrew Wiggins and his contract, which carries a cap hit of $31 million next season and $33 million in 2022-23. If the Dubs can shed that salary, they’d still be in good shape to add another body to the mix with James Wiseman, Jordan Poole, Kevon Looney, Moses Moody and Jonathan Kuminga all on rookie deals.