According to a report that was published by Shams Charania of The Athletic, James Harden intends on signing a new deal with the Philadelphia 76ers. This new development would provide the organization with greater freedom to enhance the squad for the next season.
The shooting guard will take a $15 million salary reduction as a result of declining his player option for the 2022-2023 season, which was worth $47 million. It is anticipated that his new contract will be for a period of two years and will include a player option for the second year.
Charania adds that the entire value of the transaction is estimated to be somewhere in the area of $66-68 million dollars, despite the fact that the specifics of the sale are not yet public. This compensation decrease is intended to provide Philadelphia with the freedom necessary to assemble a team that can compete for a title in the next season.
What Harden’s pay cut means for Sixers
After using their entire mid-level exception to sign P.J. Tucker and their bi-annual exception to sign Danuel House, the Philadelphia 76ers have now reached their salary ceiling for the season, which is set at about $157 million dollars. Derek Bodner of The Daily Six says that the 76ers should have around $2 million in wiggle space below that hard limit as a result of Harden’s new contract.
During the course of the discussions, Harden’s personal connections with important members of the Sixers organization played a significant role in developing trust between the two parties. Some of those people are said to be the president of basketball operations Daryl Morey and minority owner Michael Rubin.