James Harden has officially finalised his deal to stay with the Philadelphia 76ers, agreeing to a two-year, $68.6million contract on Wednesday.

Harden will make $33m for the 2022-23 season and then has the player option for $35.6m in 2023-24. He can decline the option and become a free agent again ahead of the 2023-24 and sign a new deal. 

Harden had previously declined his $47.4m player option for this upcoming season from the 76ers, but was set to return to them all along while taking a pay-cut to help the team sign other players with the hopes of building a championship roster. 

Thanks in part to his pay-cut, the 76ers have been able to add P.J. Tucker and Danuel House this offseason, and are expected to contend amongst the best teams in the Eastern Conference with MVP runner-up Joel Embiid and Harden leading the way. 

Philadelphia acquired Harden from the Brooklyn Nets in February, and he averaged 21 points, 10.5 assists and 7.1 rebounds in 21 games with the Sixers, but the team suffered the same fate as three of the previous four seasons, again losing in the Eastern Conference semifinals. 

The 76ers have not been past the conference semis since losing to the Los Angeles Lakers in the 2001 NBA Finals, and the 32-year-old Harden has never won a title, only reaching the NBA Finals once, in 2012 with the Oklahoma City Thunder. 

A 10-time All-Star and the 2017-18 NBA MVP, Harden averaged 22 points, 10.3 assists and 7.7 rebounds in 65 total regular-season games for the 76ers and Nets, missing time due to hamstring issues.