UPDATE: The Houston Rockets have reportedly made it official with the extension:
Houston Rockets guard James Harden is already one of the best-compensated players in the NBA as he's set to make just over $28 million this coming season. However, it looks like his near-MVP performance last season is enough to warrant not only an extension, but a very rich one.
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Harden was an MVP finalist and averaged 29.1 points, 11.2 assists and 8.1 rebounds per game. Stephen Curry just signed the NBA's largest contract ever this summer at $201 million over five years so to outdo that would be quite the feat for the Rockets who also just acquired Chris Paul this summer and could very well add a third All-Star to the team.