Buddy Hield Signs $18 Million Contract With Golden State Warriors

News Americas, New York, NY, Tues. July 9, 2024: The Golden State Warriors made a significant move in the 2024 NBA free agency period by securing a deal with Bahamian NBA sharpshooter Buddy Hield through a sign-and-trade contract. This strategic acquisition is expected to bolster the Warriors’ roster with Hield’s impressive shooting skills.

Buddy Hield of the Bahamas in action during Finals of the Olympic Qualifying Tournament match between Spain and Bahamas at Pabellon Fuente de San Luis on July 07, 2024 in Valencia, Spain. (Photo by Borja B. Hojas/Getty Images)

Financial Details of Buddy Hield’s Contract

The financial details of the contract of Bahamian – Buddy Hield, reveal a structured and performance-incentivized deal. This was reported by Spotrac and confirmed by the Warriors subreddit Twitter account. In the first two seasons, Hield will earn a total of $18 million. In the second year providing just over half of that amount. The third year of his contract is partially guaranteed, offering Hield just over $9.6 million. This is only if the Warriors pick up the option. Should the Warriors choose to opt out, they would pay a $3 million buyout.

A similar arrangement exists for the fourth year of Buddy Hield’s contract. The Warriors can either retain him for approximately $10.1 million or opt out for a $3.1 million buyout. The decision dates for these options are set for the day after the NBA Draft. Although these can be adjusted by mutual agreement, as seen in past instances such as with Chris Paul.

Hield also holds a player option for the fourth year, with a deadline of June 29, 2027. This stipulation means that both Hield and the Warriors need to be in agreement for him to stay for the 2027-28 season at the established rate.

If Hield remains with the Warriors for the entire four-year term, he will become an unrestricted free agent in the summer of 2028. However, the Warriors will retain his Bird rights, allowing them to exceed the salary cap to re-sign him.

Hield’s addition to the Warriors underscores the team’s commitment to enhancing their line-up with skilled players and maintaining their competitive edge in the NBA, including Caribbean players.