James Harden and the Houston Rockets just renewed their vows, at the tune of $170m spread over 4 years – $169,344,000 to be precise.
Harden still had 3 years left on his contract, worth $91,424,746. Thanks to the new Designated Player Veteran Extension (DPVE), introduced with the 2017 CBA, the two sides were able to void the 3rd year Player Option and sign a 4 year extension worth just under $170m, on top of the $58m for the next two years.
That makes Harden‘s the biggest contract in NBA history at 6yr/$228m, or about $38m PER YEAR. Well done James, well done.
What this means for the Rockets is that the team will not have to worry about other teams preying on its superstar until the 2023 Free Agency, and that Houston is clearly in a win-now mode, with the addition of Chris Paul. The message is clear: “Warriors, we’re coming for you”.