The Rockets and star forward Kevin Durant have agreed to terms on a new two-year contract extension, his business partner Rich Kleiman tells Shams Charania of ESPN (Twitter link). According to Charania, the deal is worth $90MM and includes a second-year player option for the 2027/28 season.
Houston was one of the teams on Durant’s list of preferred destinations when the Suns put him on the trade block during the summer, so there was an expectation after the two teams agreed to a deal that Durant and the Rockets would work out an agreement of their own sooner or later.
However, there was also a sense that the Rockets weren’t willing to give Durant the maximum extension he was been eligible for, which was worth roughly $119MM over two years. That maximum salary figure would’ve increased slightly at the six-month mark after the trade, but the 37-year-old couldn’t sign an extension longer than two years due to the over-38 rule.
Ultimately, the two sides agreed to an extension that will see Durant take a pay cut from his current $54.7MM salary but still represents a significant payday for a player entering his 19th NBA season. According to Charania (Twitter link), there was an understanding when Durant was dealt to the Rockets that he wouldn’t push for a maximum contract in order to help the team maintain flexibility to build and retain its roster going forward.
While Durant’s stint with the Suns didn’t play out as the team hoped, the 15-time All-Star continued to put up monster offensive numbers during his time in Phoenix. In 62 games last season, he averaged 26.6 points, 6.0 rebounds, and 4.2 assists in 36.5 minutes per night, with a shooting line of .527/.430/.839.
More to come…