By Shams Charania, Mike Vorkunov, John Hollinger and Jenna West
The Philadelphia 76ers and star heart Joel Embiid agreed to a max extension deal price $192.9 million, in line with league sources. The deal, which features a participant choice for the 2028-29 season, expands his contract to a complete of 5 years and an general worth of $299.55 million, the sources stated.
Embiid will make $51.5 million in 2024-25 and $55.2 million in 2025-26, per the phrases of his pre-extension contract. He then will make as much as $59.54 million in 2026-27 — the utmost wage he could make if the wage cap, as anticipated, has the maximally allowed will increase of 10 % for every of the following two offseasons. Tack on eight % raises of that quantity within the following two seasons, leading to salaries of $64.3 million in 2027-28 and $69.07 million in 2028-29.
Embiid’s contract is the third richest in NBA historical past behind Jayson Tatum (five-year, $314 million contract extension) and Jaylen Brown (five-year, $304 million extension). Tatum and Brown signed their extensions in July.
The Sixers introduced Friday that they signed Embiid to a multiyear extension however didn’t launch the phrases of the deal.
Embiid additionally confirmed the deal in an Instagram submit, together with a photograph of him signing the contract.
“Philadelphia is residence. I wish to be right here for the remainder of my profession,” Embiid wrote. “I really like this group and every part you’ve given me and my household. There may be much more work to do. You guys deserve a championship and I feel we’re simply getting began!”
The extension ties Embiid to the Sixers till he’s 35 if he picks up the participant choice on the finish of the deal. It’s going to guarantee he’s underneath contract by way of his prime. The extension comes only a few months after the Sixers signed Paul George and put collectively one of the best roster Embiid has had with the 76ers.
There may be some danger for the staff. Embiid has been snakebitten by accidents over his profession; Philadelphia might be paying max cash to a 35-year-old Embiid in 2028-29. Then once more there are few gamers together with his dimension, agility and expertise, so Embiid might stay an outlier.
Signing him now places off any contract yr queasiness down the road, and Embiid will get to lock in a huge sum of cash.
Embiid, 30, has spent his whole NBA profession with the Sixers, who drafted him at No. 3 in 2014. He missed his first two seasons with Philadelphia after present process surgical procedure to restore a stress fracture in his proper foot days earlier than the NBA Draft. Embiid made his debut in October 2016 and completed third in NBA Rookie of the 12 months voting that season. He went on to earn seven straight All-Star picks starting within the 2017-18 season.
GO DEEPER
The colourful world of Philadelphia 76ers heart Joel Embiid
In 433 regular-season video games, he’s averaged 27.9 factors and 11.2 rebounds. Embiid led the league in factors per recreation within the 2021-22 season (30.6 factors) and once more in 2022-23 (33.1). He capped off that dominant season by successful NBA MVP.
Final season, Embiid averaged 34.1 factors per recreation, however he missed 43 video games, which included recovering from surgical procedure to restore the lateral meniscus in his left knee.
Embiid has led the Sixers to seven straight playoff appearances, however the staff has but to achieve the NBA Finals throughout his tenure. He additionally received a gold medal with Staff USA at this yr’s Paris Olympics.
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(Photograph: Tim Nwachukwu / Getty Pictures)
