Stephen Curry Extension 2026: Warriors Lock In 2 Years, Reported $116M

Stephen Curry has agreed to a two-year contract extension with the Golden State Warriors reportedly worth $116 million, taking him through the 2028-29 season, per The Associated Press. The Warriors announced the signing Friday, Sept. 25, but per team policy did not release terms. ESPN's Shams Charania was first to report the deal, and the number sits below the maximum Curry was eligible to sign.

The Stephen Curry extension 2026 story is less about whether he stays (he was always staying) and more about what the discount buys Golden State. Media day is Monday, camp opens Tuesday in Hawaii, and the betting market still has this team priced as a Play-In club.

Stephen Curry Extension 2026: The Terms

Here is what the first-tier reporting supports, and where it is attributed rather than confirmed by the team:

Length and value: two years, reportedly $116 million, per the AP via NBA.com. The extension kicks in for 2027-28, per NBC Sports.

Player option: CBS Sports reports the deal includes a player option for 2028-29, structured similarly to the extension Kawhi Leonard just signed with Toronto. A person with knowledge of the deal told USA TODAY Sports the same, via Yahoo. The Warriors have not confirmed it.

Cap figure: Curry's number for 2027-28 will come in at $55.7 million, according to ESPN as cited by CBS Sports.

This season: Curry first completes the $62.6 million extension he signed in August 2024, which covers 2026-27, per the AP.

The AP says Curry was eligible to command up to $136 million. CBS Sports puts his max at close to $137 million over two years, because a player's max can never be less than 105% of his previous salary, and says he took more than $20 million below it.

Why the Discount Matters for Golden State

Curry explained his thinking in a recent ESPN interview, per CBS Sports: "I want to be on a competitive team. I want to have an opportunity to have some flexibility because we haven't had that in years past, the recent past."

That flexibility is real on paper. Before the extension, there were scenarios in which Golden State could have entered next offseason with over $100 million in cap space, per CBS Sports. With Curry settled, Cap Sheets projects around $72 million in space before the Warriors account for their first-round pick, their own free agents or partially guaranteed deals. CBS notes Jimmy Butler, Draymond Green and Brandin Podziemski are all slated for 2027 free agency, and Kristaps Porzingis holds a $20 million player option with only $3 million guaranteed.

In other words, the 2027 summer is where the discount pays off, not this season. CBS Sports says the Warriors are expected to compete for a Play-In berth.

Curry's Age and Contract Horizon

Curry is 38 and entering his 18th NBA season, all with Golden State. If he plays both years of the new deal, NBC Sports says it takes him through his 20th season and age 41. The AP notes that a 20th season would put him alongside Dirk Nowitzki, Kobe Bryant and Udonis Haslem as the only players to play 20 or more seasons with one franchise.

Health is the whole question. Curry averaged 26.6 points, 4.7 assists, 3.6 rebounds and 1.1 steals in 43 games last season, and missed 39 games, including 27 with patellofemoral pain syndrome (bone bruising) in his right knee, per the Warriors. Per USA TODAY Sports, Golden State went 24-19 when he played and 13-26 without him, which adds up to last season's 37-45 finish.

Betting Impact: Warriors Win Total and Title Odds

Per BetMGM's NBA win totals board, posted Sept. 23, Golden State sits at 40.5 wins, with the over at +100 and the under at -130. That juice implies roughly a 56.5% chance of the under, so the pricing leans toward the under. BetMGM's own writer also picked the under 40.5.

NBA.com's season preview is more optimistic, projecting a six-game improvement driven by a healthier Curry, a full season of Porzingis and a mid-season return for Butler from knee surgery. Six games on top of 37 is 43, which would clear the 40.5 line by 2.5 wins. For the full league board, see our NBA win totals 2026-27 breakdown.

Warriors futures per BetMGM's team odds page, as checked Sept. 27:

| Market | Price | Implied probability | |-|-|-| | NBA title | +6600 | about 1.5% | | Western Conference | +2500 | about 3.8% | | Pacific Division | +275 | about 26.7% |

At +6600, Golden State is tied with Atlanta behind 14 shorter-priced teams, with Oklahoma City and San Antonio co-favorites at +260. In the West, six teams sit shorter than the Warriors' +2500. The Lakers are -118 to win the Pacific.

The extension itself does not change this season's roster, so it should not move these prices much. What moves them is Curry's knee. If he looks full-go at camp and stacks healthy games early, the division price is the market most exposed to a correction. Our AI sports picks hub and the nightly NBA daily picks will track how the Warriors are priced once games count.

What to Watch Next

Media day, Monday, Sept. 28: the Warriors meet the press at Chase Center, scheduled for 12 p.m. ET per the NBA's media day schedule. Expect Curry to field questions on the extension and his knee.

Training camp, Sept. 29 to Oct. 3: the team practices at BYU-Hawaii, then opens a six-game preseason against the Clippers in Honolulu on Oct. 4, per the Warriors.

Opening night, Oct. 21: Golden State tips off the regular season at the Lakers, per the Warriors.

Trade restriction: Hoops Rumors reports Curry will likely face a six-month trade restriction because of the extension, though the outlet adds there was never any doubt about his place on the roster.

Chad AI tracks Warriors futures and every nightly NBA line inside the Chad app on StatSniper, so you can see how the market reads Curry's health before you bet.

FAQ

How much is Stephen Curry's 2026 extension worth? Curry's two-year extension is reportedly worth $116 million and runs through the 2028-29 season, per the AP. The Warriors announced the signing Sept. 25 but did not release terms.

Does Stephen Curry's new contract have a player option? CBS Sports reports a player option for 2028-29, and a source told USA TODAY Sports the same. The Warriors have not confirmed it.

How much will Stephen Curry make in 2026-27? Curry will earn $62.6 million this season, the final year of the one-year extension he signed in August 2024, per the AP. The new deal starts in 2027-28 with a $55.7 million cap figure, according to ESPN as cited by CBS Sports.

What are the Warriors' odds to win the 2026-27 NBA title? Per BetMGM, Golden State was +6600 to win the title as of Sept. 27, tied with Atlanta, and the book set the Warriors' win total at 40.5 on its Sept. 23 board.

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