Reports: Kevin Durant agrees to discounted two-year deal with Warriors

Kevin Durant has agreed to a two-year contract to remain with the Warriors, according to multiple reports, which is not surprising. What is a surprise is Durant’s low salary.

Durant’s new contract is a two-year deal worth $53 million, including a player option for the second, ESPN’s Chris Haynes reports. Durant’s salary in the first year will be around $25 million, according to USA Today’s Sam Amick.

The deal is similar to the one Durant signed last summer (two years, $54 million). That contract also included an opt-out clause, which he used last week.

The maximum Durant could have earned in year one was $34.5 million and he was widely expected to earn $31.8 million, a 20% increase over his $26.5 million 2016–17 salary. Instead, Durant will actually earn less than he made in his first season with Golden State.

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Durant’s discount allowed the Warriors to offer more money to Andre Iguodala, who has agreed to a three-year contract worth $48 million. Amick reports that Durant was prepared to take an even deeper discount if Iguodala had signed elsewhere in order to let the Warriors sign Rudy Gay.