James Harden will remain with the Philadelphia 76ers, according to media reports.
As reported by ESPN on Wednesday (local time), the NBA franchise and the guard agreed on a two-year extension. The 32-year-old with the distinctive beard is expected to receive more than $68 million in return, as well as the option to opt out of his contract after next season and find another team.
He had previously turned down an offer of just over $47 million for the coming season. Harden explained that he wanted to give Philadelphia the chance to use the money to build a team that could compete for the title.
Harden came to Philadelphia in February after just over a year with the Brooklyn Nets, but was eliminated early in the play-offs with the 76ers. Before that, the point guard played for the Houston Rockets for more than eight years.