James Harden opted out of his $47 million player option for next season and will sign a new two-year deal where he earns $32 million in 2022-23 and has a player option for 2023-24, Evan Sidery of Basketballnews.com reports.

James Harden declined his $47.3 million option Wednesday with the intention of re-upping with Philadelphia on a team-friendly deal to allow for more financial/roster flexibility, Shams Charania of The Athletic reports.

James Harden had 14 points (5-13 FG, 2-6 3Pt, 2-3 FT), six rebounds, four assists and one steal in 37 minutes during Tuesday's 120-85 loss to the Heat.

James Harden finished Sunday's 116-108 win over the Heat with 31 points (8-18 FG, 6-10 3Pt, 9-10 FT), seven rebounds, nine assists and one steal over 41 minutes.

James Harden finished with 17 points (4-11 FG, 1-7 3Pt, 8-8 FT), eight rebounds, six assists and one block over 38 minutes during Friday's 99-79 victory over the Heat.

James Harden produced 16 points (5-13 FG, 2-7 3Pt, 4-4 FT), nine rebounds and five assists across 35 minutes during Monday's 106-92 loss to Miami. He also had five turnovers.

James Harden recorded 22 points (7-12 FG, 2-5 3Pt, 6-6 FT), six rebounds and 15 assists in 42 minutes during Thursday's 132-97 win over the Raptors.

James Harden put up 15 points (4-11 FG, 2-6 3PT, 5-6 FT), seven assists, two rebounds, one block and one steal over 40 minutes in the 103-88 loss to Toronto on Monday.

James Harden registered 22 points (5-17 FG, 2-8 3Pt, 10-11 FT), five rebounds, nine assists, three blocks and one steal in 42 minutes during Saturday's 110-102 loss to Toronto.

James Harden recorded 19 points (7-13 FG, 2-4 3PT, 3-5 FT), 10 assists and six rebounds in a 104-101 win over Toronto.

James Harden ended with 22 points (6-17 FG, 4-7 3Pt, 6-7 FT), five rebounds, 14 assists, one block and one steal over 40 minutes during Saturday's 131-111 victory over the Raptors.