James Harden declined his player option and plans to sign a new deal with the Cleveland Cavaliers, per ESPN’s Shams Charania. Harden’s player option was worth $42.3 million dollars next season.
Harden’s new deal could be in the $28-30 million a year range, according to The Athletic’s Joe Vardon.
“Harden’s yearly salary is expected to drop into the $28 million to $30 million range, but he can sign a contract that extends for up to three seasons.”
The Cavs understood this was part of the deal when they traded for Harden in February. This was never going to be a one-year rental. Cleveland is working to restructure a team-friendly contract that keeps both sides happy. Harden gets long-term insurance while the Cavs are able to cut costs.
Harden’s new deal could help them get under the second apron and put them in a position where ducking the first apron becomes possible. Though that would require additional moves. The Cavs have decisions to make regarding Keon Ellis and Dean Wade’s future.
Cleveland had the highest payroll in league history last season. This culminated in a trip to the Eastern Conference Finals, where they faced a swift exit at the hands of the New York Knicks.
Harden averaged 16 points, 4.8 rebounds, 3.0 assists, and 4.3 turnovers in the Conference Finals. He shot 38.9% from the field and 17.9% from the three-point line. No one on the roster can feel proud of the way that series went down. The eventual champs ran them out of the gym.
The Cavs are hoping to take another step next season. They’re betting on internal growth, generally indicating that the core of this team will be back for another run. Signing Harden to a new deal is another sign of this. Of course, things can change quickly, and actions speak louder than words.
Harden is likely entering the final chapter of his career. He turns 37 in August, and a three-season deal would take him to the edge of his 40s. This could be the last major deal that Harden gets to sign as an NBA player.
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