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Stephen Curry signs mega contract with Warriors

Stephen Curry signs mega contract with Warriors

Two-time NBA MVP Stephen Curry has agreed to a $ 201 million contract extension with the Golden State Warrors in five years, the most juicy contract in league history, his agent Jeff Austin reported.

Curry, a 29-year-old point guard, is the first NBA star to sign a contract in excess of $ 200 million when the free agent signing window opens Saturday.

As Austin reported to ESPN, Curry’s mega-deal could become the norm for the NBA’s biggest superstars.

Curry, who in his eight years in the NBA has always played for the Warriors, won his second championship in three years in early June, when Golden State defeated the defending Cleveland Cavaliers 4-1 in the Final.

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The Warriors point guard ended the four-year, $ 44 million contract he signed at a time when there were serious concerns about the health of his ankles.

A four-time All Star, Curry finished the regular season averaging 25.3 points per game and for five consecutive seasons he has led the league in 3-point baskets.

– NBA market shakes –

The eve of the opening of free agency has been lavish with news of new multi-million dollar contracts and trades between teams.

Earlier on Friday, it emerged that forward Blake Griffin will sign a new five-year deal with the Los Angeles Clippers.

The Los Angeles Times and ESPN reported that Griffin settled for $ 173 million after scrapping scheduled meetings with the Phoenix Suns and the Denver Nuggets.

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It’s been a tumultuous week for the Clippers, who saw star point guard Chris Paul leave the Houston Rockets on Wednesday in a move ahead of free agency.

It was revealed that Paul joined the Rockets after a scuffle with coach Doc Rivers.

Curry shouldn’t be the only one to surpass the symbolic 200 million mark: Also on the list is superstar and MVP of the 2016-17 season, Russell Westbrook, who must continue his adventure with Oklahoma City.

– TV causes wage explosion –

This explosion of salaries, which is governed by a collective agreement negotiated between the owners of the teams and the representatives of the players, also defines a salary cap per team estimated at 99 million, and is driven by the entry into force of the new rights of TV.

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The NBA now receives $ 2.7 billion a year, up from 930 million in previous seasons.

At the stroke of midnight on Friday, the NBA announced that the salary ceiling has been set at $ 99.093 million per team for the 2017-18 season.

The tax level for the same campaign will be 119,266 million.

The salary cap and tax bracket go into effect at 12:01 am on Saturday, July 1, when the league’s “moratorium period” begins and teams can begin negotiating with free agents. AFP

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