The deal is official, per an announcement from the team.
“Philadelphia is dwelling,” Embiid wrote in an Instagram post asserting the settlement. “I need to be right here for the remainder of my profession. I really like this neighborhood and all the pieces 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!”
Staff proprietor Josh Harris expressed his ideas in an announcement of his personal.
“Joel has cemented himself as one of many biggest Sixers of all time and is effectively on his method to being among the finest 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 mentioned within the assertion. “Joel is a good household man, chief, and individual. He’s an elite two-way participant with a mix of measurement, power, and athleticism that this league has hardly ever – 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 dwelling.”
Primarily based on present wage cap projections, Embiid’s three-year extension will probably be value roughly $192.9M. He’ll make a projected $59.5M in 2026-27 and $64.3M in 2027-28, with a $69.1M participant choice for 2028-29. These figures rely on the cap growing by the utmost allowable 10% in every of the subsequent two seasons.
Bearing in mind the 2 years and $106.6M left on Embiid’s present contract, he’s now on observe to earn simply shy of $300M over the subsequent 5 seasons. The massive man’s earlier deal included a participant choice for the 2026-27 season, however it’ll get replaced by the brand new contract.
After being suffering from foot points that price him two full seasons in the beginning of his NBA profession, Embiid has change into one of many league’s most dominant gamers, incomes All-Star nods in every of the previous seven years and All-NBA spots in 5 of these seasons.
The previous No. 3 total choose holds profession averages of 27.9 factors, 11.2 rebounds, 3.6 assists and 1.7 blocks in 31.9 minutes per sport throughout 433 outings (all begins) and completed within the prime two of three consecutive MVP votes from 2021-23, profitable the award in 2023.
Embiid appeared headed for one more MVP-caliber season in 2023-24 earlier than a knee harm sidelined him for a lot of the second half and restricted him to 39 video games. The 30-year-old averaged a career-high 34.7 factors per sport with an elite .529/.388/.883 taking pictures line when wholesome, then received an Olympic gold medal in Paris with Staff USA this summer time.
Embiid’s new deal makes him the fifth member of the NBA’s $500M+ membership, in accordance with Bobby Marks of ESPN, who notes (via Twitter) that the Sixers star trails solely LeBron James, Stephen Curry, and teammate Paul George in profession earnings, based mostly on their previous and present contracts. Kevin Durant is the fifth participant whose profession salaries will exceed $500M by the top of his present deal.
Embiid’s extension caps an enormous offseason of spending for the 76ers, who additionally signed Tyrese Maxey to a five-year, $203.8M contract and George to a four-year, $211.6M deal in free company. In complete, Philadelphia’s three stars are owed roughly $715M.
