James Harden and the Houston Rockets have agreed to a four-year extension, the team announced Saturday. The contract is a supermaximum extension that will guarantee him $228 million through the 2022-23 season, league sources told ESPN.
Harden, the runner-up to Russell Westbrook for the NBA’s MVP this season, has two years and $59 million left on his current contract. The four-year extension carries a value of $170 million and is the richest extension in NBA history.
The Rockets have fast-tracked the Harden extension with the arrival of All-Star guard Chris Paul and are turning full attention to completing a deal with the New York Knicks to acquire eight-time All-Star forward Carmelo Anthony in a trade, league sources said.
With the megadeal, Harden is taking advantage of brand-new CBA rules that enable contract extensions for superstars. He became eligible to add four years to his deal after making the All-NBA team in May, and the Rockets became focused on locking him into an extension after their season ended.
“Houston is home for me,” Harden said in a statement released by the Rockets. “[Owner Leslie Alexander] has shown he is fully committed to winning, and my teammates and I are going to keep putting in the work to get better and compete for the title.”
Brandon Jennings to play Next Season in China
Guard Brandon Jennings, who spent last season playing for the Knicks and Wizards, tells ESPN’s Marc Spears that he has accepted a one-year, $1.5 million deal to play for China Shanxi.
Source: Marc Spears of ESPN
Sources: Knicks Agree to Deal with Ramon Sessions
Free agent guard Ramon Sessions is finalizing a one-year deal with the New York Knicks, league sources tell The Vertical.
Sessions, Knicks have agreed on a one-year, $2.3M minimum deal.
Source: Shams Charania of The Vertical
Sources: Warriors Re-Sign Center JaVale McGee
The Golden State Warriors are re-signing center JaVale McGee to a one-year contract, sources told ESPN.
The deal is for the veteran’s minimum, the sources said. Golden State now has 15 guaranteed contracts, making their roster complete.
Source: Chris Haynes of ESPN