Kevin Durant takes major pay cut in new Warriors contract

The Finals MVP has reportedly signed a two-year, $53 million extension with Golden State. The second year of the deal will be a player option, and his 2017-2018 salary is $9.5 million less than the $34 million maximum amount he could've earned.

ESPN Sources: Kevin Durant will agree to re-sign with Golden State on a two-year, approximately $53 million deal, league sources tell ESPN.
ESPN Sources: The second year of Kevin Durant's deal will be a player option.