James Harden agrees to new three-year, $97 million deal with Cavaliers

James Harden and the Cleveland Cavaliers have finalized a three-year contract worth $97 million. The agreement follows Harden's decision to decline a player option and extends a deal that includes a player option and a trade kicker. The contract comes after the Cavaliers were unable to sign LeBron James, who opted to join the Philadelphia 76ers. Harden's new deal increases his guaranteed money after previously declining a $42.3 million player option. The Cavaliers are also navigating a hard cap due to adding wing Peyton Watson in a trade with the Denver Nuggets.

• 5:09 PMYahoo Sports — James Harden and Cleveland Cavaliers agree to new contract