Rockets Sign James Harden To Designated Veteran Extension

James Harden and the Rockets have finalized a contract extension that will keep him under contract through the 2022/23 season, the team announced today in a press release. Brian Windhorst and Adrian Wojnarowski of ESPN (link via Woj’s Twitter) first reported that Harden and the Rockets were making progress toward a new deal that will be the biggest in NBA history.NBA: Preseason-New York Knicks at Houston Rockets

The new contract will begin in 2019/20, replacing Harden’s player option, and will add four years to the guaranteed two years on his current deal.

“Houston is home for me,” Harden said in a statement. “Mr. [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.”

Harden just signed an extension with the Rockets last summer, and typically wouldn’t be permitted to sign another new deal so soon. However, he and Russell Westbrook are eligible for extensions this summer, having been grandfathered in under the Designated Veteran Extension rules in the new CBA. The DVE allows players to sign for super-max deals worth 35% of the cap when they are named to the league’s All-NBA team and/or meet other criteria.

The exact terms of Harden’s extension will depend on where the NBA’s salary cap lands in 2019/20, but based on current projections, it would be worth more than $169MM over the four new years, running through 2022/23. Combined with his next two seasons, he’d be on track to earn approximately $228MM over the next six years.

Harden, who turns 28 next month, is coming off an MVP-caliber season in which he set new career highs in PPG (29.1), APG (11.2), and RPG (8.1). He’ll join forces in 2017/18 with fellow All-Star Chris Paul, who was acquired by Houston last month in a blockbuster trade with the Clippers.

Westbrook (Thunder) and John Wall (Wizards) are the other stars expected to receive Designated Veteran Extension offers this offseason, if they haven’t already. Stephen Curry (Warriors) agreed to the first of those deals last weekend.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

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