Via Darnell Mayberry:

The Oklahoma City Thunder has traded reigning Sixth Man of the Year James Harden, The Oklahoman has learned.

Harden will be sent to Houston for Kevin Martin, rookie Jeremy Lamb, two first-round picks and a second-round pick. The Thunder is also sending center Cole Aldrich and guards Daequan Cook and Lazar Hayward to the Rockets.

The deal comes on the heels of negligible progress being made on a contract extension for Harden following nearly four months of negotiating. As a result, the Thunder parted ways with the fan favorite after stagnant talks made it clear Harden would be too much of a financial burden to keep.

If no deal was reached on an extension by Wednesday’s midnight Eastern deadline, Harden would have become a restricted free agent next summer. Houston is believed to now be ready to ink Harden to the maximum-allowable contract that Harden has long been believed to covet.

A report by Yahoo! Sports on Saturday said Harden recently turned down a four-year extension worth roughly $52 million. The report also was the latest to say Harden is pushing for a max deal, expected to be roughly $60 million over four years.

Analysis coming very, very soon! Be sure to hit up The Dream Shake for the enemy perspective.