Update: Harden restructured his contract with the Rockets on Saturday, agreeing to a four-year, $118.1 million deal, ESPN.com's Calvin Watkins reports.
Analysis: The Rockets combatted the offseason departure of Dwight Howard by adding former Pelicans Eric Gordon and Ryan Anderson to the roster, and will further attempt to secure the future of their franchise by keeping their star player in the fold through his prime years. Harden, 26, had two years remaining on his prior deal with the club, but the restructured contract will now keep him on the books through at least the 2019-20 season. Though last season was a disappointing one for the Rockets, Harden's production didn't suffer, as he led the NBA in minutes and posted career-best averages of 29.0 points and 7.5 assists per contest.
Harden finished with 35 points, six rebounds and six assists Wednesday night, but the Rockets were eliminated from the playoffs with a 114-81 blowout loss at Golden State in Game 5.
The four-time All-Star made 12 of 23 shots to lead all scorers, finishing the series with a 26.6 scoring average on 41 percent shooting. No other Houston player had more than 11 points in the finale as the Rockets struggled to 32.6 percent shooting, including 18.8 on 3-pointers