James Harden signs 4-year contract with the #Rockets pic.twitter.com/HKcUVlVm4b
— Mark Berman (@MarkBermanFox26) July 9, 2016
James Harden is set to be the face of the Houston Rockets for a long time to come.
according to Adrian Wojnarowski of The Vertical — Harden and the Rockets have agreed to a $118 million extension (renegotiation.)
Sources on @TheVertical: All-Star James Harden has agreed to a 4-year, $118M contract renegotiation that takes him through 2020 in Houston.
— Adrian Wojnarowski (@wojespn) July 9, 2016
Rockets just announced renegotiation at news conference in Houston. Sources say deal includes a 2019-'20 player option for Harden.
— Adrian Wojnarowski (@wojespn) July 9, 2016
The deal allows Harden to get raises on his 2016-'17 and 2017-'18 contracts using Rockets cap space — plus two additional year at max rate.
— Adrian Wojnarowski (@wojespn) July 9, 2016
Sources: Over the next four years, Harden will now earn: $26.5M, $28.3M, $30.4M and a player option for $32.7M in 2019-'20.
— Adrian Wojnarowski (@wojespn) July 9, 2016
Harden’s deal now runs through 2020, with a player option for the final season of the deal.
“I’m happy to be here for four more years,” Harden told reporters. “This is home for me.”
Harden averaged 29 points, 7.5 assists and 6.1 rebounds per game for the Rockets last season.