The Warriors have made it clear for months that Stephen Curry would be a top priority and that they would agree to whatever financial terms were required to keep him with the franchise.
One day after president/general manager Bob Myers reaffirmed the team's commitment to the two-time MVP, Curry and the Warriors reached agreement Friday night on a five-year pact worth at least $201 million, NBC Sports Bay Area has learned.
The agreement can't become official until the league moratorium ends on July 6, at which time it will become the largest contract in NBA history.
Curry had been the most underpaid player in the league, having spent the past four seasons playing under a $44 million extension he signed before the 2012-13 season. That contract, signed entering the final season of his rookie contract, went into effect the following year.
It was during that contract that Curry established himself as a fan-friendly superstar whose jersey sales are the highest in the NBA. The Warriors have won two championships with Curry as their leader, and the two MVP awards came in back-to-back seasons -- the second as the only unanimous choice ever.
Moreover, Curry has pushed the league into a shift of styles. On the heels of him leading the NBA in 3-pointers for five consecutive seasons -- including a record 402 in 2015-16 -- the league has become a 3-point shooter's paradise.
An eight-year veteran, Curry's new deal projects to begin at slightly more than $35 million and end in 2021-22 at about $45.7 million.
After news broke Curry agreed to a five-year, $201 million deal with the Warriors, LeBron James sent his congrats.