Warriors Sign Curry To Four-Year Extension
3:26pm: The Warriors have officially signed Curry to a contract extension, the team confirmed in a press release.
"This is an exciting day for the Warriors and our fans and it certainly exemplifies the commitment of [owners] Joe Lacob and Peter Guber," said GM Bob Myers in the release. "We’re extremely pleased that we have reached an agreement that will enable Stephen to remain a vital part of our team long term. His contributions over the last three years, both on the floor and in the community, have been invaluable to our organization. We certainly expect him to be an integral part of our future success as he continues to evolve as a player in all facets of the game."
10:59am: Stephen Curry and the Warriors have reached an agreement on a contract extension for the fourth-year guard, a source tells Marcus Thompson II of the Bay Area News Group. According to Thompson, Curry's new deal, which will begin in 2013/14, will be worth $44MM over four years, and doesn't include any incentives or bonuses.
Curry himself confirmed the news on his Twitter account, tweeting: "#Dubs Gameday baby. And thanks to Joe Lacob & the Warriors hopefully I can say that for the next 4 yrs. agreed on extension."
The news is a little surprising, considering Curry was slowed during the preseason with ankle issues. After missing significant time last season with ankle injuries, it was assumed the Warriors wanted to take a long look at Curry's health this preseason to determine whether a long-term investment was worth the risk. Despite the fact that Curry missed some time last week with an ankle sprain, it seems the Warriors saw enough to convince them that they should lock up the 24-year-old now, rather than waiting until after the season.
Curry's deal comes on the heels of Ty Lawson signing a four-year, $48MM extension with the Nuggets. The Warriors point guard will earn an annual salary worth $1MM less than Lawson's, matching the $11MM annual salary Rajon Rondo is making on his five-year, $55MM deal with the Celtics.
As for the Warriors, they appear to be headed for luxury-tax territory in 2013/14, even if Curry's deal is backloaded. A $10MM salary for Curry in 2013/14 would put Golden State on the hook for about $58MM for its top five players (by salary) next season, assuming Richard Jefferson and Andris Biedrins pick up their options. Modest salaries for Harrison Barnes, Klay Thompson, Festus Ezeli, and Draymond Green, along with potential $4MM player options for Brandon Rush and Carl Landry, will make it extremely challenging for the Warriors to stay below the tax threshold.
Odds & Ends: Curry, Bulls, Richardson, Grizzlies
Despite indications this morning that the Nets/Knicks opener in Brooklyn tomorrow would proceed as planned, the game will be postponed due to the effects of Hurricane Sandy, tweets Greg Anthony of CBS Sports and NBA TV. It's not clear yet whether the Knicks' Friday game at Madison Square Garden or the Nets' Saturday game in Brooklyn will be played. For now, however, it seems the debut of the Barclays Center will have to wait as the city continues to recover.
Here are a few more notes from around the league:
- Prior to reaching an agreement on a contract extension for Stephen Curry today, the Warriors and Curry had been discussing a deal with an annual salary ranging from $8.5-10MM, according to Marc J. Spears of Yahoo! Sports. Golden State upped its offer following Ty Lawson's four-year, $48MM deal with the Nuggets.
- The Bulls are monitoring the free agent market in anticipation of being able to add a minimum-salary contract later in November, says Aggrey Sam of CSNChicago.com. Quentin Richardson is one player under consideration, according to Sam.
- The fact that the Bulls haven't been able to pair a second star with Derrick Rose yet hasn't been due to lack of trying, executive VP of basketball operations John Paxson said on ESPN 1000 Chicago (link via ESPNChicago.com).
- The Grizzlies never considered undergoing what GM Chris Wallace calls a "voluntary rebuild" this summer, writes Ronald Tillery of the Memphis Commercial Appeal.
- One of the main lessons Cavaliers owner Dan Gilbert learned from the LeBron James saga was not to let a star player leave in unrestricted free agency without getting anything back for him, according to an Associated Press report.
Odds & Ends: Curry, Gibson, Warriors, Thabeet
Stephen Curry didn't want extension talks to go down to the wire, but it appears that's the case, as Curry's comments to Rusty Simmons of the San Francisco Chronicle lead Simmons to conclude that agent Jeff Austin and Warriors GM Bob Myers continue to try to work out a deal (Sulia link). Since Curry left a preseason game after tweaking his ankle ten days ago, we've heard multiple reports suggesting a deal was unlikely. Nothing's final until tomorrow's 11:00pm Central time deadline, and with about 24 hours to go, there's news on another extension-eligible player among notes from the first night of the 2012/13 regular season.
- There's "growing speculation" the Bulls will let the deadline pass without signing Taj Gibson to an extension, reports Joe Cowley of the Chicago Sun-Times.
- Andrew Bogut believes "a lot is riding on this year" for the Warriors, and Marcus Thompson II of the Bay Area News Group says much of that is riding on Bogut's shoulders. Fellow Bay Area News Group scribe Monte Poole goes the other way, suggesting Curry is the focal point of the team.
- Thunder coach Scott Brooks has confidence in Hasheem Thabeet, and his performance in the preseason was one reason the team included Cole Aldrich in the trade, as John Rohde of The Oklahoman chronicles.
- The Bobcats are counting on offseason trade acquisition Ben Gordon to be their go-to scorer at the end of games, writes Scott Fowler of the Charlotte Observer.
- With a year still to go before his five-year max extension kicks in, the Clippers want to make sure Blake Griffin stays healthy for the long haul by incorporating more mid-range shooting into his arsenal, as Elliott Teaford of the Los Angeles Daily News examines.
- Mavericks owner Mark Cuban reportedly had to be talked into waiving Delonte West, and Earl K. Sneed of Mavs.com notes the affection he has for the troubled guard (Twitter link).
- The James Harden trade has the Rockets thinking playoffs, as Jonathan Feigen of the Houston Chronicle documents.
Amick On Holiday, Curry, Evans, Jennings, Gibson
Tomorrow is the last day for fourth-year players eligible for extensions to finalize new deals with their respective teams, and we're expecting at least a couple players to be extended. James Harden appears to be a lock, and Ty Lawson is making progress on an extension with the Nuggets. Will any other extension-eligible players sign new contracts? Former SI.com scribe Sam Amick weighs in for his new outlet, USA Today:
- Unlike Lawson, Jrue Holiday doesn't seem to be moving any closer to a deal with his team, the Sixers, as agent Tony Dutt explains: "We've had conversations, but I don't feel like any progress has been made. We haven't talked in a while."
- A gap remains in talks between the Warriors and Stephen Curry. Given Curry's ankle issues, he likely hasn't done enough this preseason to prove he's worthy of a significant long-term commitment.
- Tyreke Evans remains unlikely to be extended by the Kings, as team president Geoff Petrie indicated earlier this month: "In Tyreke's case, you can make X (amount of money) now, but if you want to make X-plus, then certain things have to happen."
- A source close to Brandon Jennings says an extension isn't likely for the Bucks guard, but cautioned that anything could happen.
- Taj Gibson's agent continues to negotiate with the Bulls on a new deal for his client.
Kyler On Extension Candidates
Last week, both TNT's David Aldridge and ESPN.com's Marc Stein passed along rumors and rumblings they'd heard about this offseason's extension candidates. With just six more days for Ty Lawson, Taj Gibson, and other extension-eligible players to work out new deals with their teams, Steve Kyler of HoopsWorld throws his hat into the ring, rounding up a few of the latest updates:
- James Harden would like to end speculation about his contract situation, and that could mean he accepts an offer worth less than the max from the Thunder, says Kyler. A contract that includes incentives is a possibility.
- The Kings are unlikely to lock up Tyreke Evans this month, and could even explore trading him prior to this season's deadline. Kyler hears from sources close to Evans that he'd welcome free agency "if only to find a situation that believes in him as a player."
- The Warriors still like Stephen Curry and figure to retain him beyond this season, but an extension probably won't happen within the next week. Given Curry's ankle issues, it's simply too hard to value him fairly.
- DeMar DeRozan appears headed for restricted free agency, and the Raptors would like to see a "big leap" from him this season before committing too heavily next summer.
- Brandon Jennings is "far from secure" in Milwaukee, and the Bucks could consider trading him before the deadline, according to Kyler.
- Kyler hears that the 76ers have offered Jrue Holiday an extension in the neighborhood of $9MM annually, but that's Holiday's camp turned it down, expecting to see a bigger payday in free agency.
- Lawson still appears to be one of the players most likely to be extended, and Kyler says the Nuggets could include incentives in their offer.
- The Bulls are likely to extend Gibson, who wants to stay in Chicago, though that doesn't necessarily mean he'll accept a hometown discount.
Extension For Stephen Curry Appears Unlikely
For a number of weeks, chatter surrounding the negotiations between Stephen Curry and the Warriors seemed positive. Curry and his agent expressed optimism about working out a long-term extension, ESPN.com's Marc Stein believed a deal was likely, and as recently as last week there was still a sense on both sides that something would get done.
With Curry's troublesome right ankle acting up again and sidelining him for the rest of the preseason, however, it now appears unlikely that the Warriors will extend him by the October 31st deadline, tweets Alex Kennedy of HoopsWorld. The two sides had postponed discussions until after the preseason in part because the Warriors wanted to see how Curry's ankle responded this month. While the recent setback isn't considered serious, it still means there's probably too much uncertainty for the team to proceed with a new contract for now.
Curry, who is entering the fourth and final year of his rookie contract, is set to earn about $3.96MM in 2012/13. If he and the Warriors don't hammer out a new deal by Halloween, he'll almost certainly receive a qualifying offer from the team next summer, making him a restricted free agent.
Western Notes: Stephen Curry, Bogut, Spurs
Here are some rumblings out of the Western Conference tonight:
- Grizzlies guard Wayne Ellington is in the final year of his rookie contract and aims to be more aggressive in order to earn consistent playing time in Memphis, writes Ronald Tillery of The Commercial Appeal).
- Brad Townsend of SportsDayDFW discusses the importance of Rick Carlisle's leadership skills as it relates to the Mavericks' ability to succeed this season (subscribers only).
- Kevin McHale commented on some of the coaching challenges he's encountered with his inexperienced Rockets team (Jonathan Feigen of Ultimate Rockets notes).
- According to this report from CSN Bay Area, Stephen Curry received no concerns from Dr. Richard Ferkel after the orthopedic surgeon evaluated his ankle today. Dr. Ferkel also checked out the progress of Andrew Bogut's left ankle and determined that his rehabilitation has been on schedule. Warriors GM Bob Myers says that while Bogut does not need clearance to participate in full-contact practice, the team wants to make sure that he is completely free of any pain or discomfort before they let him scrimmage.
- Spurs coach Gregg Popovich told reporters that the their final roster spot will come down to deciding between Derrick Brown and Eddy Curry (Jeff McDonald of Spurs Nation reports).
- Dwight Howard fully participated in today's practice with the Lakers and is prepared to make his debut tomorrow under the approval of their training staff (says Ramona Shelbourne of ESPN Los Angeles). Also, forward Jordan Hill was cleared to practice with the team today after being diagnosed with a herniated disk less than two weeks ago, and told reporters that he could possibly return before the season opener on October 30.
- According to Jerry Zgoda of the Star Tribune, forwards Louis Amundson and Dante Cunningham have emerged as "energy guys" for Rick Adelman and the Timberwolves.
Odds & Ends: Possible Cavs/Heat Cuts, Olshey
- Jodie Valade of The Plain Dealer takes a closer look at the decision the Cavaliers have to make on Sloan and Pargo and lists the pros and cons of keeping both. She also notes that Byron Scott believes one of them currently has an edge over the other, but the coach would not elaborate beyond that.
- Joseph Goodman of The Miami Herald took to Twitter to speculate on what he calls the Heat's "no-doubt-about-it cut list," listing Rodney Carney, Jarvis Varnado, Mickell Gladness, and Robert Dozier. He mentions that the last two spots could come down to a competition among Josh Harrellson, Garrett Temple, and Terrel Harris, adding that he would keep the latter two (Twitter link).
- Interestingly enough, although Juwan Howard is not part of Miami's training camp roster, Goodman points out that the former Heat player still has a locker.
- Ben Golliver of the Blazers Edge shared a transcript of Trail Blazers GM Neil Olshey's in-game interview with CSNNW on Friday. Some notable comments include Olshey's thoughts on Will Barton's potential, Nicolas Batum and the team moving forward after his contract extension, and landing J.J. Hickson.
- In response to a report that Stephen Curry will sit out the rest of pre-season, Tim Kawakami of the Mercury News tweets that Curry's long-term extension talks with the Warriors are on hold.
Western Rumors: Harden, Curry, Spurs, Crawford
We heard last night from Marc Stein of ESPN.com that James Harden's looming restricted free agency could become a distraction for the Thunder, and in that piece he says sources have maintained for weeks that the Rockets, Mavericks and Suns are all prepared to offer Harden a maximum-salary deal should he eschew an extension this month. Other reports have linked those teams to Harden recently, but it underscores the stakes of the situation, as the deadline for an extension is now less than two weeks away. We have news on another Western star up for an extension and notes from around the conference this afternoon.
- Stephen Curry told Fox Sports Radio he wanted to go back in Friday's preseason game after injuring his ankle, but Warriors coach Mark Jackson insisted he remain on the bench, asCSNNW.com documents. Curry said he'll be back by the opener, but if he doesn't play in either of the team's two remaining exhibitions, it remains to be seen whether it affects his negotiations for an extension.
- The Spurs have their fingerprints all over the revamped Magic, as John Denton of Magic.com details. "One of the things that the Spurs do really well is build synergy within their basketball operations department, opening up steady and transparent communication lines," Magic GM Rob Hennigan said. "They teach you to be humble and to not be afraid to ask questions or ask for help. You could trust that everyone there was one the same page working toward a common goal."
- Jamal Crawford joined the Clippers on a four-year, $21.35MM deal this summer, and believes the team is a title contender, as Alex Kennedy writes on Sulia. "This would have to be the most talented team I’ve played on," the 12-year veteran said. "That’s no disrespect to any team I’ve played on in the past, but we’re 10 deep, and we may even be deeper than that if our young kids get an opportunity and continue to develop. This is the deepest team I’ve been on, by far. These are guys who aren’t worried about anything but winning. That’s all it’s about."
- Two former Timberwolves are looking for a fresh start with the Suns, as Derek Page of HoopsWorld examines Michael Beasley and Wesley Johnson.
Odds & Ends: McGrady, Curry, Spurs, Vujacic
The Thunder, Lakers, Spurs, and Celtics are considered the most dangerous threats to the Heat this season, but ESPN.com's Tom Haberstroh thinks he's put together the team most capable of knocking off the defending champs. In an Insider-only piece, Haberstroh puts together a squad of "Heat Beaters" that adheres to the NBA's salary cap rules by surrounding a pair of superstars (Chris Paul and Dwight Howard) with a number of players on rookie-scale deals, including Serge Ibaka, Taj Gibson, Paul George, and Kawhi Leonard.
Here are a few other Thursday links from around the league:
- NBA commissioner David Stern and former teammate Shane Battier are among those applauding Tracy McGrady's decision to sign in China, according to Alastair Himmer of 560 WGAN.
- Though there's no real update on extension talks between Stephen Curry and the Warriors, both sides remain optimistic that a deal will be worked out by Halloween, says Sam Amick of SI.com (Sulia link). Amick adds that Curry's next contract is now being negotiated by Octagon's Jeff Austin after the point guard's previous agent, Lance Young, left Octagon.
- The battle for the Spurs' 15th roster spot is going down to the wire, according to Dan McCarney of the San Antonio Express-News, who breaks down the four candidates for the opening. McCarney believes the Spurs' decision will come down to Eddy Curry and Josh Powell.
- In an Insider-only piece, ESPN.com's Chad Ford names his top five 2013 draft prospects out of the Big 12.
- Sasha Vujacic says he'll consider returning to the NBA next summer, according to a Sport24.gr report (translation via HoopsHype).
- Gino Pilato of Ridiculous Upside previews the NBA D-League draft, which is set to take place on November 2nd.