HOUSTON (FOX 26) - The Houston Rockets announced on Saturday they had signed star guard James Harden to a four-year contract.
NBA sources confirmed the deal is worth $118 million, and includes a player option for the final year of the contract.
The player option is worth $37.2 million according to Yahoo Sports.
The Houston Rockets released the following statement on Saturday:
Houston Rockets Owner Leslie Alexander announced today that the team has signed guard James Harden to a four-year contract extension that will take him through the 2019-20 season. Since being acquired by the Rockets in October of 2012, Harden has been selected to four straight All-Star Games and has been named to an All-NBA Team three times, including First Team in 2013-14 and 2014-15.
Harden’s teams have made the playoffs in each of his seven NBA seasons and have advanced to the Conference Finals three times, including a Finals appearance in 2011-12. His teams have also never posted a losing record and have won 50-plus games four times. In 2014-15, Harden finished second in voting for the NBA’s Most Valuable Player Award and was named MVP at the National Basketball Players Association’s inaugural Players Awards. That season, Harden led the Rockets to their first division title since 1993-94 and their first Western Conference Finals appearance since 1996-97.
This past season, Harden averaged career highs in scoring (29.0 ppg), rebounding (6.1 rpg), and assists (7.5 apg). He became the fourth different player in NBA history to average at least 29.0 points, 7.0 assists and 6.0 rebounds in a single season, joining LeBron James, Michael Jordan, and Oscar Robertson. Harden also became the fourth different player to average at least 27.0 points, 7.0 assists and 5.0 rebounds in multiple seasons, joining John Havlicek, James, and Robertson.
The 26-year-old was one of six players to start all 82 games in 2015-16 and ranked second in scoring, sixth in assists, and first in minutes played. Harden also set the franchise single season record for 3-pointers made with 236. His 29.0 ppg marked the second-highest single season scoring average in team history.
Since joining the Rockets for the 2012-13 season, Harden has the highest combined point/rebound/assist total of any player in the league (12,228). He has scored 8,467 points in four seasons with Houston, which is 533 more than any other player over that period of time. Harden also has made 461 more free throws than any other player has attempted over the past four seasons.