By Eurohoops team/ info@eurohoops.net
James Harden and the Houston Rockets have agreed to a four-year, $118 million renegotiated extension. The deal assures the Rockets of one additional year of Harden under contract in 2018-19 because of a player option that could return him to free agency in 2019.
“There’s no indecision,” Harden said at the news conference. “There’s no doubt. There’s new life.” Houston is allowed to use their own cap space to renegotiate the final two years of Harden’s contract plus two new deals.
“We’re building a new core with James here,” Houston general manager Daryl Morey said at the news conference. Harden had two years and $34.6 million left on his deal through 2018, and the renegotiation gives him nearly $10 million and $11 million raises on those salaries – and two new years in 2018-19 and 2019-20 at $30.4 million and $32.7 million a year, respectively. In total, the Rockets are paying Harden an additional $83.5 million over the next four years.