Harden about to get the biggest contract extension in NBA history

what does he need leverage for??

 

50mil/year.... why are we doing this?

 

lol perfect timing after his last playoff game..


Well honestly he has been like a God in the regular season and that generates a lot of $$$$ for the team

 

Had to post

 

Break me off $100K James, my good brother

 

it's not 50 mil/yr, and I think it's pretty obvious why we're doing this

 

Lmao for real!

Daryl said hey we want to give you $228 million and James did what anyone with a brain would do and said "Yeah we gon take that!"

 

http://insider.espn.com/nba/insider/story/_/id/19919816/nba-free-agency-2017-best-worst-moves-day-8

Under normal circumstances, Harden would not be eligible for an extension so soon after renegotiating and extending his contract last summer, almost exactly a year ago. (That extension, like this one, was announced the second Saturday of July.)

However, the NBA acknowledged that the new collective bargaining agreement (CBA) that went into affect July 1 hurt Harden and Russell Westbrook -- who signed a similar deal last year -- by denying them the opportunity to take advantage of the new designated veteran extension that would have allowed them to make more money.

So a clause in the new CBA was written specifically for Harden and Westbrook, allowing them a one-time opportunity to sign extensions this summer under the new designated veteran rules.

Because Harden would have been a 10-year veteran when he hit free agency in the summer of 2019 (presuming he declined a 2019-20 player option) and therefore already eligible for a contract starting up to 35 percent of the cap, this extension doesn't actually give him any more money than he would have made by opting out then and re-signing with the Rockets. In fact, had that scenario played out, Harden would have been able to sign for five years instead of the four he was able to add to his contract this way.

So there wasn't the same kind of incentive for Harden to extend now that younger players will have to sign designated veteran extensions, which allow them to make up 35 percent of the cap instead of the 30 percent that is typically their maximum.

The upside for Harden is the security of locking in max money. He becomes the first NBA player signed through 2022-23. While the actual value of this extension won't be determined until the 2019-20 cap is set in July 2019, based on the current NBA estimate of $108 million this extension would pay Harden approximately $170 million on top of the nearly $60 million he was already guaranteed the next two seasons.

As compared to Harden, Houston bears the greater share of the risk with such a long deal. That's surely worth it for the security of knowing Harden won't hit free agency again until nearly age 34. Rockets GM Daryl Morey believes in superstars, and he's not about to take any unnecessary chance of letting Harden leave in the near future.

Harden should deliver enough surplus value during the early years of the extension to make up for the fact that he may no longer be a max player by his early 30s. My multi-year projections, which cover the upcoming three seasons, estimate Harden's value at $48.6 million during the 2019-20 season, when he'll make $37.8 million based on the current cap projection.​

 

James sliding onto the banana boat. Wade off the bench?

 

boats de banana.

 

how can anyone not love nene? we all love him so much.

has such a positive attitude and really taking pride and ownership in being a houstonian and a rocket.

 

Wish he'd drop about 20lbs.
Would improve his athleticism, stamina, longevity, defense.

 

in the era of Super Team Free Agency, it's a stabilizing move for the long term. The contract is set for his playing career, he couldn't bolt and the terms are set. But daaaaayummm, that's a lot of money.

 

More like half billion. Adidas 200 mil .. no telling what other deals he got.