Yes, Steph Curry is worth $40 million per year

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The annual cascade of cash has commenced in the NBA, where a JPP-sized handful of players (be safe this weekends, kids) will secure sufficiently large contracts to prompt plenty of fans, media members, and players who play different sports for far less money to complain that Curry isn’t worth it. He is. He definitely is.

He’s worth it because we’re all worth whatever someone will pay us, and/or whatever we can earn if self-employed. Curry’s five-year, $201 million “supermax” deal flows directly from the terms of the deal that the NBA willingly cut with its union, and in turn from the deal the Golden State Warriors willingly cut with Curry. That’s the way it works; the league and its teams earn billions, and the more of it that flows to the players, the better.

Not that it’s all flowing to the players. The Warriors will continue to operate at a staggering profit, with someone(s) at or near the top of the organization surely pocketing more than Curry’s $40 million per year. But we don’t know that, so we can’t complain.

Plenty of business people are making plenty more than Steph Curry. We don’t know who they are, we don’t see them on TV, we can’t relate to them in any way, so we can’t resent them as easily as we can resent someone like Curry or any other high-profile athlete.

In football, the dollars for specific players are lower for several key reasons. First, the NFL has much larger rosters. Second, the NFL has a much shorter season. Third, the unique skills possessed by the best of the best basketball players are typically much more rare than the unique skills possessed by the best of the best football players. Plenty of really good football players would gladly play basketball instead; few really good basketball players would switch sports.

The one thing they have in common is that, despite the disparity between basketball and football salaries, fans think they’re all overpaid.

It’s odd that people want to complain about the salaries of athletes, but that few ever gripe about how much money non-sports entertainers make. Plenty make a lot more than pro athletes (who essentially are entertainers, too), and few endure the same kind of physical pounding. Still, non-sports entertainers are worth it because that’s what someone will pay them, and typically the people responsible for paying other people know what they’re doing.

Even if they don’t, business owners have every right to screw up their business dealings, paying someone more than they should have or could have. And for every Albert Haynesworth or Ryan Leaf, there are hundreds if not thousands who have gotten screwed because they lacked the education, training, guile, or skilled representation to negotiate effectively with management.

So whenever someone manages to get millions from management, the people should be cheering, not complaining. Every big contract for everyone like Steph Curry is a victory for those who typically, and collectively, are that the mercy with those who truly hold the money and the power.

45 responses to “Yes, Steph Curry is worth $40 million per year

  1. While it’s true something or someone is worth whatever someone else is willing to pay it is also true not everyone is paid what they are worth. Due to roster size and turnover here are a lot more underpaid NFL players than there are overpaid ones. But of the big 4 sports football is the only one where fans typically think most players on other teams are underpaid and most players on their own team are making too much and should take less to play for (insert your team’s name here).

  2. Well said. When fans start paying money just to see Jerry Jones wash his own glasses or Paul Allen’s Chiclets is the day I’ll buy the “athletes are overpaid” argument.

    I’d really like to see an elite quarterback hit the open market. If Aaron Rodgers were an UFA he would get 30-35mil/year, for 6 years, fully guaranteed. Easily.

  3. Although most people I know don’t like unions. They have ruined the country they say. Truth is, they set the president for the hourly wage most of us make today. Otherwise we would all make minimum wage or less. Here’s a salute to them!

  4. So whenever someone manages to get millions from management, the people should be cheering, not complaining. Every big contract for everyone like Steph Curry is a victory for those who typically, and collectively, are that the mercy with those who truly hold the money and the power.

    You Mean: …….Like All Fans….!

  5. Earlier commenter said it, if someone is willing to pay you “whatever” then take it.

    I personally think Golden State overpaid big time. Curry is worth about 3 million per season and he should be forced to clean the toilets in the executive suite.

    The guy is a fraud.

  6. We live in a country and a world where it’s more important to pay for entertainment than to pay for saving lives and protecting our country. One athlete makes more money in one year than a whole staff of surgeons do in that same year or a whole platoon of soldier’s on the Frontline.

  7. Without Curry, the Warriors aren’t the Warriors.
    The kid is family oriented, does a bunch in the community, and is clean.
    I’m glad he got paid. There’s nobody in sports that deserves it more.

  8. Who is griping? Assuming somebody might isn’t much of a case for a post. Especially when it’s an NBA player. I know it’s a slow time in the NFL, but still better off sticking to your own sport.

  9. He’s not even that good. He’s a great 3 point shooter, yet to hear GS fans or NBA analysts talk, he’s changing the game. give me a break. He’s good for what the NBA is now, a pillowy soft version of it’s former self. Anybody watch the NBA playoffs this year? Boring.

  10. If sports fans were to quit watching games, going to stadiums, buying merchandise….we’d find out quick how many of these people really “LOVE” the game they play, as many profess to…..
    Salaries would drop like a 40 year old virgins pants, at an orgy.
    Personally, I think that would be interesting to see. (No not the 40 year old virgin thing….the other thing)

  11. Funny that Mark Cuban rails against the NFL,but the NBA is slowly pricing itself into chaos. Jrue Holiday,a good but not a perennial All-NBA anything or consistent All-Star or even plays an entire season, just scored a $144 million deal. No your value isn’t what someone will give you, that’s just bad economics.

  12. Florio and his “baby” PFT are worth more than that to me …

    been here since the meager beginning …. and still still visit multiple times a day …

    I can’t seem to get enough FOOTBALL!

  13. stinkymcmulligan says:

    No one is worth 40m a year
    =============================

    Like you would reject it.

  14. It proves the best athletes are in the NBA. Basketball rejects like Jimmy Graham, Gonzalez, and Antonio Gates all had to settle for much less.

  15. While I think athletes are worth whatever someone will pay them I do wonder why if the teams make so much from TV why aren’t the fans going to games getting anything like cheaper tickets/ concessions. I have to put a mortgage on the house to go to a game catch a buzz and eat a hotdog.

  16. its still better to be an elite QB. Derek Carr just signed a 5yr 125 deal. He is 26. At 31.. he will sign a 5 yr 150 deal. Which will equal out to 10yr 275m. Curry signed a 4yr 44m deal before this new mega deal of 5yr 201m. Thats a total of 9yrs 245m compared to what Carr will make 10yr 275m. Also factor in Carr will have played 162 games over 10 years to Curry’s 738 over 9.

  17. Funny when the CEO of a large multinational company that employees thousand of workers gets paid that much it is a travesty and they are crooks. If a sport guy or a singer gets that much they are held up as some shinning achievement and somehow is earning every penny. Can’t have it both ways.

  18. Spoken like a true liberal democrat mike and i could not agree more. people here in ‘MERICA’ are very strange. they don`t have a pot to piss in but think the right will figure out how to make there lives better.the truth is the right are nothing but supportive of the fat cats. going through life fat, drunk and stupid is all the 37% know.

  19. It’s all about perception. Does Tom Cruise work any harder than ‘Joe the welder?’ of course not. Does Cruise deserve 30 mil for a movie that makes 400 mil because he’s in it? Of course he does.

  20. tfootball1234 says:
    Jul 1, 2017 9:39 PM

    Spoken like a true liberal democrat mike and i could not agree more. people here in ‘MERICA’ are very strange. they don`t have a pot to piss in but think the right will figure out how to make there lives better.the truth is the right are nothing but supportive of the fat cats. going through life fat, drunk and stupid is all the 37% know.
    ——————

    you act like left politicians make minimum wage or something.

    let me tell you a secret most people learn when they grow up. it doesnt matter what side left or right, they are all power hungry Rich people who will do what ever it takes to exploit and make more money off us poor suckers who have to actually work for our money.

  21. finsphan says:
    Jul 1, 2017 5:29 PM
    We live in a country and a world where it’s more important to pay for entertainment than to pay for saving lives and protecting our country. One athlete makes more money in one year than a whole staff of surgeons do in that same year or a whole platoon of soldier’s on the Frontline.
    ~~~~~~~~~~~~~~~~~~
    Boring argument… Millions of people can be fire fighters, surgeons, or military.

  22. Hey, whatever. The players deserve what they deserve per the union deal. I just know I have watched maybe 3 NBA games since Jordan left the Bulls. And that was way before I cut the cord. I actually would watch more NBA if it wasn’t only on cable. But hey, they must be doing something right with those numbers!

  23. Maybe he is worth that much, but it still is amazing that all this money is getting paid out in a sport that nobody watches except for about three weeks in June

  24. A team, they’re all making a lot of bucks, their team effort made it happen, what that was, a gift to enrich the community spirit and?

  25. It’s a bit disturbing to read here that so many don’t even realize how this works. One guy said no one deserves $40 mil in America while multiple people said we pay their salaries when we go to the games, obviously clueless to the fact that anything you pay at the games go into your team’s owner’s pockets. The NBA deals exploded because they fleeced ESPN a few years ago beyond anyone’s dreams when they did that TV deal. The NFL contracts have been lucrative because they have fleeced multiple networks for years. MLB have teams with lucrative regional TV contracts, which allows those large contracts. At the end of the day like somebody so astutely pointed out, the contracts are a drop in the bucket next to those deals, but that so many people don’t know that’s where this money is coming from is sad.

  26. commentawaitingdeletion says:
    Jul 1, 2017 4:08 PM
    While it’s true something or someone is worth whatever someone else is willing to pay it is also true not everyone is paid what they are worth. Due to roster size and turnover here are a lot more underpaid NFL players than there are overpaid ones. But of the big 4 sports football is the only one where fans typically think most players on other teams are underpaid and most players on their own team are making too much and should take less to play for (insert your team’s name here).
    ———–

    They generate the revenue and therefore worthy of their share of it — which is still far lower than it should be.

    But then again, I doubt that if the majority of the owners were Black that the same refrain wouldn’t be directed at them as it is the players now.

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