James Harden Salary and Career Earnings

James Harden got what he wanted with his the trade to the Brooklyn Nets. His goal is to win now and the Rockets have not been able to build a team around him that could aim for the Title.

His contract passed into the hands of the Nets but, although the salary remains the same, the transition from the state of Texas to the state of New York will cost him from a fiscal point of view.

James Harden Salary

James Harden will earn $ 41.3 million in 2020/21 from his existing three-year contract with the Brooklyn Nets. With this salary Harden ranks 4th in the highest paid NBA players, slightly surpassing Kevin Durant and LeBron James.

Hardens’s new tax treatment

James Harden wanted to be traded from the Houston Rockets to the Brooklyn Nets from the start and got what he wanted through a four-team trade.

From an economic point of view, however, this deal wasn’t so good as it seemed.

In fact, Harden turned down a $ 103 million two-year contract extension from the Rockets, which would have been added to the current contract. The salary cap of the Nets, on the other hand, prevents him from offering such an extension and consequently his salary remained unchanged.

Added to this is the fact that moving from Texas, where there is no state income tax, to New York, one of the most taxed states in the country, will lead him to face a tax rate of 12.7%. about. This means Harden is set to lose $ 13.6 million in taxes over the next three years.

In addition to tax obligations, the cost of living is also much higher in New York. In fact, according to Nerd Wallet, living in Brooklyn or Manhattan is 92% and 165% more expensive, respectively, than living in Houston.

Finally, Harden in his 8 years at the Rockets had invested in many Houston businesses that he may now partially lose control of.

The choice of James Harden cannot therefore be defined economically intelligent, but we are sure that the player is convinced that this is an acceptable compromise to finally aspire to his first NBA title.

James Harden Career Earnings

By the end of this season, Harden will have amassed a career salary of $ 224,3 millions.