Steve Kerr agrees to record-breaking contract extension with Warriors: report

Steve Kerr is staying in Bay Area for just a bit longer.

The Golden State Warriors have reportedly agreed to a record-breaking two-year, $35 million extension with their head coach.

Kerr’s deal would go into effect next season, as his current contract was set to expire following this season, reports ESPN.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Golden State Warriors head coach Steve Kerr calls a time out against the Denver Nuggets in the first half of an NBA basketball game, Monday, Dec. 25, 2023, in Denver.  (AP Photo/David Zalubowski)

His $17.5 million annual value will be the highest ever given to a coach.

The 58-year-old Kerr recently won his 500th game and has guided Golden State to four championships with a star-studded roster led by Stephen Curry, Draymond Green and Klay Thompson.

The season has not gone as planned for the Warriors this season though – amid struggles, Thompson has been moved to the bench.

Green also was suspended indefinitely by the NBA due to repeated hard fouls and unruly behavior on the floor – before last season started, Green punched then-teammate Jordan Poole from point-blank range at practice.

But the struggles clearly do not outweigh the dynastic fortune the Warriors have had since the 2014-15 season, which was their first of four titles since then.

Golden State Warriors coach Steve Kerr shouts to players during the first half of the team’s NBA basketball game against the Los Angeles Clippers in San Francisco, Wednesday, Nov. 23, 2022.  (AP Photo/Jeff Chiu)

JAY WILLIAMS TELLS CRITICS TO ‘PLEASE STOP WITH ALL THIS RACE BAITING S—‘ OVER CAITLIN CLARK HOT TAKE

The new deal puts his in line with Curry’s deal that also will end at the end of the 2025-26 season. Kerr’s .655 winning percentage if the fifth-best in NBA history.

Head Coach Steve Kerr of the Golden State Warriors talks to the media after Game Four of the 2022 NBA Finals against the Boston Celtics on June 10, 2022 at TD Garden in Boston, Massachusetts.  (Photo by Joe Murphy/NBAE via Getty Images)

CLICK HERE TO GET THE FOX NEWS APP

Since Kerr has coached the Warriors, they have been to six total Finals – they blew a 3-1 lead to the Cleveland Cavaliers after their record-breaking 73-9 season, which was the catalyst to bringing in Kevin Durant. They also lost to the Toronto Raptors in 2019.

He is 501-264 since joining the Warriors.

The Associated Press contributed to this report.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.