The CNN “Bleacher Report” reported on Sunday NBA player James Harden has signed the largest contract in the history of the NBA. He will reportedly receive an estimated guaranteed $228M through the end of his 2022-23 season from the Houston Rockets.
A Combination of Two Extensions
The lucrative deal occurred as the result of a second extension on the shooting guard’s 2016 contract with the team. Last year, he signed a four-year extension with the Rockets for a guaranteed $118 extension over a four year period. This July, with two years and some $59 million left on his current contract, he entered into a second extension worth $170 million. The combination amounts to a substantial salary through the end of the 2023 season.
During the most recent season, James Harden became runner up for the honor of MVP. He averaged 29.1 points per game, and also scored highest in the NBA for assists. By qualifying for the all-NBA team in May, he benefited from new rules permitting star players to obtain contract extensions for four additional years. The Rockets wanted to secure him on their roster for the near future, so the record-breaking compensation package became possible.
Happy in Houston
James Harden expressed his satisfaction with the new contract extension in a tweet reported via the Rocket’s Twitter account. He commented Houston “is home” and praised Leslie Alexander, the team’s owner, for his commitment to achieving victories. Leslie Alexander prepared a formal statement for release to the media praising James Harden as one of the true superstars in basketball history.