Adrian Wojnarowski, ESPNF February 23, 2024, 10:00 p.m. ET
Golden State Warriors coach Steve Kerr, architect of four franchise championships, has agreed to a two-year, $35 million contract extension that will make him the highest-paid coach in NBA history, agents Rick Smith and Dan said Eveloff of Priority Sports told ESPN on Friday.
Kerr's contract was set to expire at the end of 2023-24, and his $17.5 million per season extension takes him through the 2025-26 season. The extension offsets the remaining two years of his contract with Stephen Curry.
Sources say San Antonio Spurs coach Gregg Popovich makes more every year, but he holds the dual title of president and coach. According to sources, Miami Heat coach Erik Spoelstra has signed an eight-year extension that will pay him about $15 million per season.
The agreement caps months of talks between Golden State general manager Mike Dunleavy Jr. and Kerr's representatives and assures the Warriors that they will stick with the coach, whose .655 winning percentage is fifth in league history.
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It was a priority of owner Joe Lacob to get Kerr to stay with Dunleavy and lead the organization. The Warriors never reached an extension with former president and GM Bob Myers, who left at the end of the 2022-23 season.
Kerr, 58, has established himself as an icon of the Warriors dynasty and is now committed to sustaining the transition of an organization built around Curry, Draymond Green and Klay Thompson for more than a decade.
Kerr, who has four titles and six NBA Finals appearances, won his 500th game last Thursday. This made him the fifth fastest coach of all time.
He is also the national coach of Team USA. He will coach the Americans at the 2024 Summer Olympics in Paris.
Kerr led the Warriors to 73 wins during the 2015-16 regular season, the most in NBA history. Now in his ninth season, Kerr is 501-264 during his tenure with Golden State.