Breaking: Steph Curry signs long-term extension with Under Armour

Steph Curry has just extended his contract with Under Armour. The Golden State Warriors superstar has signed a long-term extension that will last well beyond his retirement from the professional basketball league.

Curry signed with the footwear company in 2013 and has been its signature athlete ever since. His original deal was worth around $4 million per year, but it's much more valuable now. Curry's current contract with Under Armour is worth $215 million and includes an equity stake in the company.

The contract was set to expire in 2024, but the two sides reached an agreement to extend it before it expires. Considering that their partnership has been mutually beneficial, there is no doubt that this is the right move.

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Steph Curry's new contract with Under Armour will last beyond his playing days

The Golden State Warriors point guard recently turned 35. While he's still a fantastic player, Curry will likely retire within the next five or six years. However, his contract with Under Armour will last well beyond that.

The financial terms of Curry's new Under Armour contract haven't been disclosed to the public. However, considering how big his previous contract was, the star player will likely receive at least $10 million a year.

“If the past 10 years have shown me anything, it’s that Under Armour and I can build great things together,” Steph Curry said. “In 2013, we bet on each other, and I’m all in on taking this next step together.”

Curry's new contract with Under Armour will last even after he retires (Image via Getty Images)

Besides financial compensation, Curry will have the title of president of Curry Brand. The brand was launched in December 2020 and has been very successful and profitable so far.

You may be interested in reading: Where does Steph Curry's shoes deal with Under Armour rank amongst greatest NBA shoe deals in history?

The footwear company and basketball superstar will focus on signing talented athletes who will endorse Curry Brand. Last year, Azi Fudd, a UConn women's basketball star, became the face of the brand.

Considering that the brand is still relatively new, it's only a matter of time before it's endorsed by world-class athletes.

Curry may have signed a lifetime deal with Under Armour (Image via Getty Images)

The details of Steph Curry's new contract with Under Armour haven't been fully revealed. However, Kevin Plank, the company's founder, revealed that the contract has several clauses that would extend the contract.

Due to this, Curry's contract with the footwear company has the potential to be a lifetime deal.

You may be interested in reading: How Steph Curry's contract of 4 years, $44 million paved the way for Golden State Warriors dynasty

With a $48.1 million contract, the Golden State Warriors guard is the highest-paid NBA player of the 2022-23 season. According to Celebrity Net Worth, Curry's net worth is estimated to be around $160 million.