James Harden agrees to $118M renegotiation

James Harden (AP)

HOUSTON – James Harden on Friday agreed to a 4-year, $118M contract renegotiation with the Houston Rockets that takes him through 2020.

Over the next four years, Harden will now earn: $26.5M, $28.3M, $30.4M and a player option for $32.7M in 2019-2020.

Rockets owner Leslie Alexander made the surprise announcement at a news conference in Houston on Saturday, where the Rockets had planned to introduce the new free-agent signings of Ryan Anderson, Eric Gordon and Nene.

"There's no indecision," Harden said at the news conference. "There's no doubt. There's new life."

In total, the Rockets are paying Harden an additional $83.5 million over the next four years.

"We're building a new core with James here," Houston general manager Daryl Morey said at the news conference.

Harden, 26, is a four-time All-Star and two-time first-team All-NBA selection. He was traded to the Rockets in 2012 in a deal with the Oklahoma City Thunder and led the Rockets to the 2015 Western Conference finals.