What happened: Stephen Curry has agreed to a two-year, $116 million contract extension spanning his 18th, 19th, and potentially 20th seasons. The agreement includes a player option for the 2028-29 campaign and secures his tenure with the only organization he has played for.

Why it matters: By taking a starting salary below his $65.7 million maximum, he generates extra cap flexibility for next summer. This extension also makes him the first player in NBA history to surpass $600 million in career on-court earnings.

What to watch: Attention turns to how the front office leverages the cap space preserved by this discounted agreement.