Athletistic / Basketball Philadelphia Flames star quarterback James Harden will sign a new two-year contract with the club and take a pay cut. informed “The Athletic” insider Shams Charania on Twitter.

According to the source, the player has agreed to reduce his salary by $15 million. Earlier, the basketball player refused the option to extend the contract for the next season worth 47.3 million dollars. This allowed the club to sign three more players – PJ Tucker, Danuel House and Trevelyn Queen.

The new deal would include a player option for a second year.

James Harden averaged 21.0 points, 10.5 assists and 7.0 rebounds per game in 21 games for the Sixers last season.