The Mavericks officially announced the signing on Friday, per Earl K. Sneed of Mavs.com.
Curry was originally a restricted free agent, but Wojnarowski reported the Sacramento Kings rescinded their qualifying offer Sunday. As a result, the Kings forfeited the right to match any offer Curry accepted.
In all likelihood, Sacramento would have been unable to re-sign the 25-year-old even if he had been a restricted free agent. This offseason, the Kings agreed to deals with Arron Afflalo and Garrett Temple for $49 million combined, per Wojnarowski and USA Today's Sam Amick.
The Cauldron's Nate Duncan didn't think the team had enough left over for Curry:
For the first two-and-a-half years of his professional career, Curry was known primarily as superstar Stephen Curry's younger brother. Then the younger Curry put together a strong second half in 2015-16 and became a valuable member of the Kings rotation:
|Seth Curry—Pre- and Post-All-Star Game Splits (2015-16)|
Still, he did enough to warrant a longer look as a backup point guard. If anything, now is the time to take a chance on Curry. Even after his strong finish to last year, his value isn't high relative to the rest of the point guard market.
The Milwaukee Bucks gave Matthew Dellavedova a four-year offer sheet worth $38.4 million, per ESPN.com's Jeff Goodman, and Jeremy Lin agreed to a three-year, $36 million offer from the Brooklyn Nets, per ESPN.com's Marc Stein and Chris Broussard.
The going rate for a backup point guard in today's NBA financial climate is around $8 million to $12 million. Spending $3 million a year on Curry may be risky now, but in time, it could become a bargain.