Klay Thompson Current Contract Structure
Klay Thompson is currently under contract with the Dallas Mavericks for the 2025-26 NBA season on a one-year deal worth $26,019,000, according to Spotrac and HoopsHype. The Mavericks signed him in July 2024 as a veteran addition to their backcourt rotation, and his current salary reflects a prorated portion of his previous Golden State Warriors deal adjusted for the trade context.
Thompson's current contract is a standard veteran minimum-style deal structured around the Mavericks' salary cap situation and available roster spots. The contract includes standard NBA salary protection clauses, and his cap hold is calculated based on the latest Collective Bargaining Agreement rules for traded players. More details on the salary breakdown can be found on Spotrac.
Klay Thompson Contract History and Previous Deals
Golden State Warriors Maximum Contract
Thompson signed a five-year, $190 million maximum contract extension with the Golden State Warriors in 2019, which was the largest deal in NBA history at the time. The contract included a player option for the final year and was structured to pay Thompson approximately $43 million per season on average over its life, according to ESPN.
The Warriors later traded Thompson to the Dallas Mavericks in February 2024 as part of a blockbuster package that also included Andrew Wiggins and multiple draft picks. The trade was finalized after Thompson recovered from a torn ACL suffered in January 2020, and his contract obligations were transferred to Dallas with specific salary matching and draft considerations. ESPN covered the full trade breakdown.
Klay Thompson Contract Status and Future Outlook
Current Team and Role
Thompson is currently on the Dallas Mavericks roster entering the 2025-26 season, serving as a veteran shooting guard and three-point specialist. His role is primarily as a bench contributor and playoff specialist, with his contract expiring after this season unless a new deal is negotiated. His current cap figure and roster spot are managed under the Mavericks' salary cap strategy.
As a free agent after the 2025-26 season, Thompson will be 35 years old, and his next contract will likely be a shorter-term deal or a veteran minimum signing based on his performance and market conditions. Teams evaluating his next contract will consider his recent injury history, three-point volume, and defensive limitations alongside his playoff pedigree and shooting efficiency. RealGM provides updated contract and transaction data.
Key Contract Milestones
Thompson's contract milestones include his 2019 maximum extension, the 2024 trade to Dallas, and the current one-year deal expiring in summer 2026. His salary has remained above $30 million per year for most of his career, making him one of the highest-paid shooting guards in NBA history. The next major milestone will be his unrestricted free agency status following the 2025-26 season.