According to ESPN's Brian Windhorst, the extension is worth $170 million, and will start in the 2019-20 season and continue through to 2022-23.
This deal surpasses the one signed last week by golden state warriors point guard Stephen Curry. According to ESPN's Bobby Marks, the deal could be among the biggest extensions in National Basketball Association history.
Harden had two years and $59 million left on his previous contract.
For the second straight summer, James Harden has cashed in with a long-term extension that solidifies him as the face of the Rockets. Earlier reports from NY stated that the Knicks are open to trading the All-Star in a deal that will benefit both sides. He joined the Houston Rockets as a free agent in 2012 and became one of the best players in the National Basketball Association. Harden was named first team All-NBA which made him able to ink the record-breaking "supermax" extension.
The deal keeps Harden under contract through the 2022-23 season, a lifetime in the modern National Basketball Association financial landscape in which so many superstars take short-term deals to maximize their earning potential.
Now with Harden under contract for five more seasons, the team is continuing to build around him. "Additionally, the commitment he has shown to our organization, the City of Houston, and Rockets fans all over the world makes him a ideal leader in our pursuit of another championship". With Harden's move to point guard last season, Paul's role will probably be a bit different than it has been in Los Angeles.
Both the Clippers and Houston will look far different next season than they did in again falling short in the playoffs. Morey also signed rugged forward P.J. Tucker to boost the defense and brought Nene back as well.
The new National Basketball Association season begins on October 20.