James Harden signs extension with Philadelphia 76ers, salary, new contract, pay cut, how much will he earn, latest updates

James Harden said after the 76ers lost to the Heat in the Eastern Conference semifinals that he would return to Philadelphia the following season. It turns out that it will cost him.

On Saturday (AEST), the 32-year-old former NBA MVP reportedly agreed to a two-year contract with the 76ers – and is taking an A$21m pay cut for the 2022-23 season, according to The Athletic’s and Stadium’s Shams Charania.

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The deal, which includes a second-year player option, comes after Harden declined his $68 million player option on Thursday, a move that was seen as a desire by Harden to give Philadelphia more money. Salary cap space and flexibility in the roster to upgrade parts. around him and NBA champion scorer Joel Embiid.

It paid off this week. Harden’s pay cut allowed Philadelphia to land free agent PJ Tucker and re-sign Daniel House Jr. Tucker, who came from Miami, agreed to a fully guaranteed three-year, $48 million contract. House’s deal would be for two years and $12 million.

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The moves also give the 76ers a familiar look — Harden, Tucker and House played together for three seasons in Houston from 2017-2020, with current 76ers president Daryl Morey also serving as the Rockets’ general manager during that time.

Harden came to Philadelphia at the trade deadline last season in a blockbuster deal with the Nets for Ben Simmons, Seth Curry, Andre Drummond as well as draft picks.

Although Harden averaged 21 points, 10.5 assists and 7.1 rebounds in 21 games for the 76ers, there were concerns about his age and commitment as well as a reluctance to be aggressive, especially in the playoffs.

In the 76ers’ season-ending loss to the Philadelphia Heat, Harden took just two shots in the second half.

“I’ll be there,” Harden said after the loss.

“Anything that allows us to continue to grow and improve and do the things necessary to win and compete at a high level.”

This article originally appeared on the New York Post and has been republished with permission

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