Harden Signs Multiyear Contract Extension With Houston Rockets

James Harden, the National Basketball Association’s reigning Sixth Man of the Year as the top player off the bench, signed a multi-year contract extension four days after being acquired by the Houston Rockets.

“James Harden is the foundational-type player we have been looking to add,” Rockets owner Leslie Alexander said yesterday in a team release. “He is ready to make the next move up to join the elite players in the NBA.”

The team, which got Harden in a trade with the Oklahoma City Thunder, didn’t disclose the terms of the contract. The five-year deal is worth $80 million, according to the Associated Press, which didn’t say where it got the information.

Harden, 23, averaged 12.7 points, 3.4 rebounds and 2.5 assists in 220 regular-season games with Oklahoma City. He was a member of the U.S. squad that won a gold medal at the London Olympics in August.

The Rockets also picked up the options for the 2013-14 season on the contracts of forward Marcus Morris and forward/center Patrick Patterson.

To contact the reporter on this story’’ Nancy Kercheval in Washington at nkercheval@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup at Bloomberg.net

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