Rockets Plan To Offer James Harden Extension

After signing him to a contract extension last summer, the Rockets plan to once again offer James Harden a new deal this offseason, according to Jonathan Feigen of The Houston Chronicle. Harden’s current agreement with the club runs through the 2018/19 season, with a player option for 2019/20.

Under the new Collective Bargaining Agreement, players have to wait at least two years after signing their previous contract to ink an extension, but Harden and Russell Westbrook will be grandfathered in under slightly different rules. Houston and Oklahoma City didn’t know last summer when they extended their respective stars that the new CBA would include a Designated Veteran Extension, so those teams can extend those players again this offseason.

Harden qualified for that DVE by earning an All-NBA spot this season, but a new extension for him wouldn’t kick in until the 2019/20 season. He’d be eligible for a four-year deal worth up to $168MM, according to Feigen and cap expert Bobby Marks of The Vertical. Added to the last two seasons on Harden’s current contract, that would end up being a six-year pact worth nearly $227MM.

Even for a player coming off an MVP caliber season, that sort of deal would be an expensive and somewhat risky investment for the Rockets, who would be committing maximum-salary money to Harden through his age-34 season. However, a source tell Feigen that Houston plans to extend that offer to Harden at the first possible opportunity.

As Feigen details, the Rockets recognize that the opportunity to tell players considering Houston in free agency that Harden will be with the franchise the long-term should be beneficial.

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