James Harden and the Philadelphia 76ers have reportedly agreed to a two-year contract with a player option in the second season.

Shams Charania of The Athletic and Stadium reported Harden is taking a $15 million pay cut for the 2022-23 season.

The move doesn’t come as a surprise, even after Harden declined his $47.4 million player option Wednesday. The reporting at the time indicated that the veteran point guard did so to give the Sixers more salary-cap space and options for improving the roster in free agency.

In turn, the Sixers have signed P.J. Tucker and Danuel House Jr. with the anticipated cap flexibility Harden afforded them.

Harden, 32, averaged 21 points, 10.5 assists and 7.1 rebounds in 21 games for the Philadelphia 76ers last season after he was acquired in a February trade with the Brooklyn Nets, shooting 40.2 percent from the field and 32.6 percent from three.