Seven-time All-Star heart Joel Embiid and the Philadelphia 76ers have reached a three-year, $192.9 million contract extension that ensures the previous MVP a complete of $299.5 million by the 2028-29 season, in line with a number of studies.
Embiid, 30, will decline his $59 million participant choice for the 2026-27 season and signal the brand new contract extension. He’ll earn $69 million within the last 12 months of the brand new deal, per ESPN’s Tim Bontemps.
Joel Embiid’s new cope with the Philadelphia 76ers will increase his profession earnings to $514.8 million, the fourth highest in NBA historical past
In keeping with Spotrac, his profession earnings will climb to $514.8 million with the brand new settlement, the fourth highest in NBA historical past behind LeBron James, Stephen Curry, and Paul George.
Embiid introduced on social media that he and the workforce had agreed to the extension Friday morning, saying he hopes to stay a Sixer “for the remainder of my profession.”
“Philadelphia is house. I wish to be right here for the remainder of my profession,” Embiid wrote on Instagram. “I really like this neighborhood and the whole lot 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!”
Joel Embiid now has 5 years and $301 million on his 76ers deal – one of many three richest totals in NBA historical past. https://t.co/XqBRtDqA5L
— Shams Charania (@ShamsCharania) September 20, 2024
The Philadelphia 76ers additionally introduced the extension Friday with out disclosing phrases. Josh Harris, a managing accomplice of the possession group, praised Embiid in an announcement for being “one of many best Sixers of all time” who was “on his solution to being top-of-the-line gamers to ever play the sport.”
“We’re ecstatic that this extension retains him and his household in Philadelphia for years to come back,” Harris stated. “Joel Embiid is a superb household man, chief, and individual. He’s an elite two-way participant with a mix of measurement, power, and athleticism that this league has not often — if ever — seen.
“He’s integral to this franchise’s quest for one more NBA Championship, and we’re honored that he continues to decide on this group as his NBA house.”
Embiid averaged a career-high 34.7 factors final season earlier than struggling a lateral meniscus damage in his left knee
In 39 video games (all begins) with the 76ers final season, the 7-footer averaged profession highs of 34.7 factors, 5.6 assists, and 1.2 steals per contest whereas capturing 52.9% from the sphere and profession bests of 38.8% from 3-point vary and 88.3% on the free throw line.
Moreover, in Philadelphia’s 133-123 win over the San Antonio Spurs on Jan. 22, Embiid recorded a career-high 70 factors, 18 rebounds, 5 assists, one steal, and one block in 37 minutes of motion.
His 37 minutes performed have been the fewest ever in a 70-point recreation. The 2-time scoring champ shot 24-of-41 (58.5%) from the ground, 1-of-2 (50%) from past the arc, and 21-of-23 (91.3%) on the foul line.
Right here is the breakdown of the Joel Embiid extension
Embiid now has $299.5M in wage over the subsequent 5 years pic.twitter.com/Fzvq8g5dNi
— Bobby Marks (@BobbyMarks42) September 20, 2024
In fact, Joel Embiid turned the ninth participant in NBA historical past to attain 70 factors in a recreation. He joined Wilt Chamberlain and David Robinson as the one facilities to attain no less than 70 factors in a contest.
Moreover, Embiid’s deal closes an offseason through which the 76ers dedicated $550 million in new cash. The Sixers prolonged All-Star guard Tyrese Maxey on a $204 million deal and signed George to a four-year, $212 million contract.
Philadelphia additionally signed free agent ahead Caleb Martin, guard Eric Gordon, and heart Andre Drummond, along with re-signing guards Kelly Oubre and Kyle Lowry.
