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Stephen Curry Took Less to Stay. The Warriors Now Owe Him a Real Team

Curry signed a two-year, $116 million extension below the max. Around him: a 37-45 season, two stars rehabbing knees and a new center who is already out indefinitely.

Knox Esparza

September 29, 20263 min read

Stephen Curry could have asked for $136 million. He settled for $116 million.

The two-year extension he agreed to on Sept. 26 runs through the 2028-29 season, which would be his 20th with Golden State, and it came in $20 million under what he was eligible to receive. General manager Mike Dunleavy Jr. called it an agreement the team "couldn't be more excited" about.

The more useful question for the next seven months is what the Warriors do with the goodwill.

What 37-45 actually looked like

Last season was not a collapse so much as a slow leak. Golden State finished 37-45, 10th in the West, and needed Curry's 35 points to win a play-in game at the Clippers on April 15. Two nights later the Suns ended it, 111-96, with Curry held to 4-of-16 shooting.

He played only 43 games because of a right knee injury, and still averaged 26.6 points. Without him, the scoring load fell to Brandin Podziemski at 13.8 points and Moses Moody at 12.1, and that is the whole problem in two numbers. When the 38-year-old sits, nobody on this roster has shown he can carry an offense for a week, never mind a month.

The help that isn't here yet

On paper, the Warriors added a second star. In February they sent Jonathan Kuminga and Buddy Hield to Atlanta for Kristaps Porzingis, then re-signed the big man this summer for two years and $40 million. In 15 games in blue and gold he averaged 16.1 points.

He will not be in Honolulu this week. Dunleavy said Monday that Porzingis will be sidelined indefinitely by a health issue the team learned of a day earlier, and declined to say whether it is connected to the condition that sidelined him in the past.

Jimmy Butler, 37, is rehabbing a torn ACL from January and is in the last year of his contract. Moody is coming back from a ruptured patellar tendon suffered in March. The team says both have reached very light on-court work. Neither has a return date.

The honest ceiling

Draymond Green is back on a one-year deal after the pursuit of LeBron James ended with James in Philadelphia. Al Horford is 40. The new faces are role players: De'Anthony Melton, Gary Payton II, Georges Niang and first-round pick Yaxel Lendeborg, the Summer League MVP.

That is a roster built to survive until reinforcements arrive, not to win in October. If Porzingis returns soon and Butler is back after the new year, a top-six seed is a reasonable goal. If either timeline slips, this is another play-in team leaning on the league's oldest star, and Curry's discount starts to look like a gift the franchise did not earn.

The preseason tips off Oct. 4 against the Clippers in Hawaii, and the games that count start Oct. 21 at the Lakers.

Sources

NBA.com, Curry agrees to two-year, $116 million extension (Sept. 26, 2026)

NBC Sports Bay Area, Porzingis out indefinitely with health issue (Sept. 28, 2026)

NBA.com, Kerr returning to Warriors on two-year deal (May 12, 2026)

ESPN, Warriors 2025-26 standings and 2026-27 schedule

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Knox Esparza

Knox Esparza covers Pleasanton high school and area college sports.

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