Stephen Curry will set an NBA record by making $US34.7 million for the 2017-18 season, but that doesn’t mean he’ll get to deposit anything close to that amount into his bank account.
Curry, a two-time MVP for the Golden State Warriors, made history when he inked a five-year, $US201 million contract over the summer, briefly setting the mark for the biggest contract in league history. While that figure was eclipsed by James Harden’s $US228 million extension with the Houston Rockets in July, Curry will still enjoy the highest single-season salary ever, topping LeBron James by more than $US1 million dollars.
But as lucrative as it is to be an NBA player, it’s also an expensive profession. Thanks to a variety of factors, Curry will pocket less than half of his salary for 2017-18.
ESPN’s Darren Rovell provides a breakdown:
$US16 million to various levels of government is a staggering sum, but the state of California places notably heavy taxes on money earned from professional sports. Texas, for example, has no state income tax, so players like Harden don’t have to give up as much in salary.
Curry has become one of the NBA’s most marketable players, so no one’s going to shed any tears over his earning power — Forbes estimates him having made $US35 million in endorsements alone over the past year. But Rovell’s graphic shows just how quickly expenses can add up when dealing with millions upon millions of dollars.
Ultimately, Curry’s is a good problem to have, especially given the fact that he made just $US44 million in salary over the past four seasons, an incredible bargain by NBA standards. But no matter how much he rakes in, the Davidson product seems to have a healthy perspective on his finances.
“One thing my pops always told me is you never count another man’s money,” Curry said in June, according to Tim Kawakami of The Mercury News. “It’s what you’ve got and how you take care of it. And if I’m complaining about $US44 million over four years, then I’ve got other issues in my life.”
Curry and the Warriors are set to kick off the 2017-18 season on October 17, when they will host Harden and the Rockets in Oracle Arena.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.