James Harden has declined his $42.3 million player option with the Cleveland Cavaliers, making him eligible for NBA free agency. However, Harden is reportedly in discussions with the Cavaliers for a new multiyear contract, according to ESPN.
"Yes, 100 percent. Definitely want to be here," Harden stated after the Cavaliers' Eastern Conference Finals exit. "I think we found something. It’s tough ending it not how we wanted to, but I think we found something."
A new deal is expected to be in the range of $60 million over two years, according to Fox 8 sports reporter John Sabol. This potential agreement could reduce the Cavaliers' payroll by $12 million to $14 million. Last season, Cleveland had the highest payroll in the NBA at a record $228.6 million, and the team aims to fall below the second apron line of $222 million without major roster changes.
The Cavaliers acquired Harden during the season in a trade involving Darius Garland. The move proved to be a significant factor in the team reaching the Eastern Conference Finals for the first time since 2018.
In 26 regular-season games with Cleveland following the All-Star break, Harden averaged 20.5 points, 7.7 assists, and 4.8 rebounds, shooting 46% from the field and 43.5% from three-point range. During the 18 playoff games, he posted averages of 19.2 points, 5.5 assists, and 5.1 rebounds, with a 41% shooting efficiency, though he also averaged 4.7 turnovers per game. His defense drew criticism during the playoffs, particularly after a game where New York Knicks guard Jalen Brunson scored 38 points, contributing to a significant fourth-quarter comeback.
Harden was arrested earlier this month in Houston on charges of unlawful weapons carrying related to a handgun found in his vehicle.