By CBS3 Staff

PHILADELPHIA (CBS) — James Harden opted out of his contract last week to help the Philadelphia 76ers create cap space and flexibility in free agency. On Friday, details on what a new deal with the Sixers would look like began to leak.

According to The Athletic’s Shams Charania, Harden will be taking a $15 million pay cut for the 2023-24 season and plans to sign a new two-year contract with the Sixers that will include a player option in the second year.

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The pay cut allowed the Sixers to add P.J. Tucker, Danuel House Jr. and Trevelin Queen in free agency.

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Charnia reported the motive behind the pay cut was to allow the Sixers to upgrade their roster “with sole focus on a championship run in 2023.”

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Harden declined a $47.4 million play option last week.