Steve Kerr Agrees to Record-breaking Contract Extension with the Golden State Warriors
Golden State Warriors coach Steve Kerr, known for his instrumental role in leading the team to four franchise championships, has recently finalized a remarkable contract extension. This two-year deal, worth an astounding $35 million, solidifies Kerr’s position as the highest-paid coach in NBA history. The news was announced by agents Rick Smith and Dan Eveloff of Priority Sports, who informed ESPN of the agreement on Friday.
Kerr’s previous contract was set to expire at the end of the 2023-24 season. However, with his new extension, the highly regarded coach will remain with the Warriors until the conclusion of the 2025-26 campaign. This aligns his contract with the two remaining years on the star player Stephen Curry’s existing deal, ensuring a strong sense of continuity within the team.
While sources indicate that San Antonio Spurs coach Gregg Popovich earns a higher annual salary, it is worth noting that he holds the dual role of president and coach. The contract extension also places Kerr ahead of Miami Heat coach Erik Spoelstra, who signed an eight-year extension at approximately $15 million per season, according to insider sources.
The agreement between Kerr and the Golden State Warriors comes after months of negotiations led by General Manager Mike Dunleavy Jr. and Kerr’s representatives. The team’s commitment to retaining Kerr is a testament to his impressive .655 winning percentage, which ranks him fifth in league history.
Securing Kerr’s stay with Dunleavy as the organization’s leader has been a top priority for owner Joe Lacob. It is worth noting that the Warriors did not reach an extension with former president and general manager Bob Myers, who departed at the end of the 2022-23 season.
Throughout the Warriors’ dynasty, Kerr, now 58 years old, has established himself as an iconic figure, leading the team to four titles and six NBA Finals appearances. With his commitment to the franchise, Kerr embarks on a journey that may witness a transitional phase for an organization centered around Curry, Draymond Green, and Klay Thompson for over a decade.
Impressively, last Thursday, Kerr achieved a significant milestone by winning his 500th game as a coach. This accomplishment positions him as the fifth-fastest coach in NBA history to reach this landmark, further solidifying his stature in the league.
Adding to his already impressive repertoire, Kerr also serves as the national coach for Team USA. As such, he will guide the Americans in the upcoming 2024 Summer Olympics in Paris, demonstrating the recognition and respect he commands within the basketball community.
Kerr’s tenure at Golden State, now in its ninth season, has been distinguished by multiple milestones, including leading the team to a record-breaking 73 wins during the 2015-16 regular season, the highest in NBA history. With a current record of 501-264, Kerr has undoubtedly left an indelible mark on the Warriors and the sport itself.