Kyle Terada-USA TODAY Sports activities
As a part of the 2017 Collective Bargaining Settlement, the Designated Veteran Extension rule got here into impact, permitting gamers who match particular standards to earn a good bigger share of the wage cap, as much as 35 p.c of it on the primary yr of the gamers’ new contract. That rule applies so long as the participant has between seven and 9 years of expertise and both was named All-NBA in the newest season or two of the final three seasons, or was named NBA MVP in any of the three most up-to-date seasons, or if he was named Defensive Participant of the Yr in the newest season or two of the final three seasons.
To be clear, a participant has to suit simply a type of three accolade-related standards to be eligible for these new super-max contracts.
The primary participant to signal such a deal was Stephen Curry, that means he set numerous salary-related milestones, as you’re about to search out out. The Designated Veteran Extension made Curry the primary participant to earn $34 million, $37 million, $40 million, $43 million, $45 million, $48 million, $51 million and $55 million for a single season.
Curry signed this monumental contract in the summertime of ‘17, a five-year, $201.2 million deal, the most important contract in league historical past on the time. (With the best way the wage cap is blowing up, although, Curry’s deal would possibly appear to be chump change in 10 years, however we digress.)
Within the first yr of Curry’s deal, 2017-18, Curry lived as much as his facet of the cut price, ending the season as an All-Star and third Crew All-NBAer whereas successful the third championship of his profession.
Can’t ask for far more than that if you happen to’re the Warriors.
Wage adjusted for inflation: $43,548,936
