Seven-time All-Star center Joel Embiid and the Philadelphia 76ers have reached a three-year, $192.9 million contract extension that guarantees the former MVP a total of $299.5 million through the 2028-29 season, according to multiple reports.
Embiid, 30, will decline his $59 million player option for the 2026-27 season and sign the new contract extension. He will earn $69 million in the final year of the new deal, per ESPN’s Tim Bontemps.
Joel Embiid’s new deal with the Philadelphia 76ers will boost his career earnings to $514.8 million, the fourth highest in NBA history
According to Spotrac, his career earnings will climb to $514.8 million with the new agreement, the fourth highest in NBA history behind LeBron James, Stephen Curry, and Paul George.
Embiid announced on social media that he and the team had agreed to the extension Friday morning, saying he hopes to remain a Sixer “for the rest of my career.”
“Philadelphia is home. I want to be here for the rest of my career,” Embiid wrote on Instagram. “I love this community and everything you’ve given me and my family. There is a lot more work to do. You guys deserve a championship and I think we’re just getting started!”
Joel Embiid now has five years and $301 million on his 76ers deal – one of the three richest totals in NBA history. https://t.co/XqBRtDqA5L
— Shams Charania (@ShamsCharania) September 20, 2024
The Philadelphia 76ers also announced the extension Friday without disclosing terms. Josh Harris, a managing partner of the ownership group, praised Embiid in a statement for being “one of the greatest Sixers of all time” who was “on his way to being one of the best players to ever play the game.”
“We’re ecstatic that this extension keeps him and his family in Philadelphia for years to come,” Harris said. “Joel Embiid is a great family man, leader, and person. He is an elite two-way player with a combination of size, strength, and athleticism that this league has rarely — if ever — seen.
“He is integral to this franchise’s quest for another NBA Championship, and we are honored that he continues to choose this organization as his NBA home.”
Embiid averaged a career-high 34.7 points last season before suffering a lateral meniscus injury in his left knee
In 39 games (all starts) with the 76ers last season, the 7-footer averaged career highs of 34.7 points, 5.6 assists, and 1.2 steals per contest while shooting 52.9% from the field…