Tim Bontemps, ESPN
Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million most contract extension that ensures the previous MVP a complete of $299.5 million by way of the 2028-29 season, sources instructed ESPN's Ramona Shelburne.
Embiid introduced that he and the staff had agreed to the extension Friday morning, saying he hopes to stay 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!”
Embiid will decline his $59 million participant choice for the 2026-27 season and signal the brand new, three-year extension. He will earn $69 million within the ultimate yr of the brand new deal.
His profession earnings will swell to $514.8 million with the brand new settlement, fourth highest in NBA historical past behind LeBron James, Stephen Curry and Paul George.
The 76ers additionally introduced the extension Friday with out disclosing phrases. In a press release, Josh Harris, a managing associate of the possession group, referred to as Embiid “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 mentioned. “Joel 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's deal closes an offseason wherein the 76ers dedicated $550 million in new cash. They prolonged All-Star guard Tyrese Maxey on a $204 million deal and signed George to a four-year, $212 million contract. The Sixers additionally signed free agent ahead Caleb Martin, guard Eric Gordon and heart Andre Drummond and re-signed guards Kelly Oubre and Kyle Lowry.
Embiid, 30, stays the cornerstone of the franchise, the 2023 NBA MVP who has made All-NBA 5 occasions and proven himself to be one of the dominant facilities within the trendy historical past of the game. He has averaged 27.9 factors per recreation in his profession — fourth most all time behind Michael Jordan, Wilt Chamberlain and Luka Doncic, in accordance to ESPN Research.
Last season, Embiid averaged 34.7 factors however didn't play sufficient video games to qualify for the scoring title. His 1.03 factors per minute made him the primary participant to common some extent per minute since Chamberlain in 1961-62, per ESPN Research.
