Golden State Warriors’ superstar, Steph Curry, was granted $75 million in shares from Under Armour this week as part of his compensation package for his new role as the President of Under Armour’s Curry Brand.
The grant of shares was revealed in a public filing, shedding some light on Curry’s deal with the company. However, it is believed that the stock payment is only a portion of what he will receive for his increased responsibilities with Under Armour.
Curry is an essential figure for Under Armour and is known for his marketability in the sports world. He has already released ten signature shoes with the company and is widely regarded as one of the most recognisable athletes in the world. He is also the highest-paid player in the NBA this season and is set to maintain this position for the next three seasons.
The public filing stated that Curry’s role with Under Armour includes serving as the President of Curry Brand, which is a signature product line for the company. Curry’s new position further cements his relationship with Under Armour, and the company’s future success will undoubtedly be intertwined with his own.
