NBA sources confirm guard James Harden has agreed to a five-year contract extension with the Rockets worth around $80 million.
The Rockets and Harden had to get the deal done today or he would have become a restricted free agent after the season.
Both Harden and Rockets general manager Daryl Morey said the two sides were on the same page and there were no issues and clearly that was the case.
Harden is with the Rockets in Detroit where they open up the regular season tonight against the Pistons.
He was acquired by Houston on Saturday in that blockbuster trade with the Oklahoma City Thunder.
FULL STATEMENT FROM THE ROCKETS BELOW:
HOUSTON – Houston Rockets General Manager Daryl Morey announced today that the team has signed newly acquired guard James Harden to a multi-year contract extension. In addition, the Rockets have picked up the options for the 2013-14 season on the contracts of forward Marcus Morris and forward/center Patrick Patterson.
"James Harden is the foundational-type player we have been looking to add," said Rockets Owner Leslie Alexander. "He is a tremendous, young player with the ability and skill set to be an All-Star. He is ready to make the next move up to join the elite players in the NBA. As I said when we traded for James, he along with the mix of young players we already have in place, such as Jeremy Lin, Chandler Parsons and Omer Asik, gives us a solid group of young, talented players who will help get us back to a championship level."
Harden (6-5, 225, Arizona State) has averaged 12.7 points, 3.4 rebounds, 2.5 assists and 1.06 steals in 220 regular season games (seven starts) with Oklahoma City. Additionally, he has averaged 13.8 points, 4.8 rebounds and 3.3 assists in 43 career playoff games. An Olympic gold medalist and the NBA's reigning Sixth Man of the Year, Harden enjoyed a breakout season in 2011-12 by establishing career-high averages in points (16.8), rebounds (4.1), assists (3.7), shooting percentage (.491), 3-point field goal percentage (.390) and free throw percentage (.846), as well as playing in a career-most 31.4 minutes per game. After leading all NBA reserves in scoring average last season, Harden became the youngest recipient of the NBA's Sixth Man of the Year Award. Selected by the Thunder with the third overall pick of the 2009 NBA Draft, Harden also earned NBA All-Rookie Second Team honors in 2009-10.
Morris (6-9, 235, Kansas) averaged 2.4 points and 0.9 rebounds over 17 games of his first season with Houston in 2011-12. He also averaged 20.7 points, 8.3 rebounds, 1.1 assists and 1.27 steals in 11 games (nine starts) with Rio Grande Valley last season.
Patterson (6-9, 235, Kentucky), who was selected after his junior season at Kentucky by Houston in the first round (14th overall) of the 2010 NBA Draft, owns averages of 7.1 points and 4.2 rebounds in 116 games (seven starts) with the Rockets.