Stephen Curry purportedly gains $75 million in Under Armour shares under new agreement

Golden State Warriors’ star Stephen Curry is set to receive substantial compensation this season, surpassing his $48 million salary.

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As part of his recent long-term deal with Under Armour, Curry is expected to be granted $75 million in Under Armour stock, as reported by The Athletic’s Mike Vorkunov. This contract, which is projected to cover the remainder of Curry’s basketball career, has the potential to become a lifetime deal akin to LeBron James’ partnership with Nike, given certain conditions are met.

The stock award comprises 8,823,530 restricted stock units, disclosed in a public SEC filing. It is scheduled to vest in two installments in 2029 and 2034, contingent on Curry’s continued association with Under Armour.

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Additionally, Curry is likely to receive significant annual direct payments from Under Armour, potentially reaching eight figures. These financial arrangements are in addition to his existing four-year, $215 million contract with the Warriors and his various business ventures, including his involvement with FTX (which has faced recent challenges).

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Moreover, Curry’s wife Ayesha is involved in her own successful ventures, such as her food businesses, cookbook, and appearances on the Food Network.

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In his expanded role at Under Armour, Curry will serve as the president of the company’s Curry Brand. Having been associated with Under Armour since 2013, Curry joined the company two years prior to his first MVP season and NBA championship. Over the years, he has emerged as the premier athlete in Under Armour’s roster of sponsored athletes, and it is evident that the company was determined to retain his services.

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