76ers' Joel Embiid indicators extension: Huge deal price $192.9 million over three years, per report

Joel Embiid has signed a contract extension with the Philadelphia 76ers, the team announced Friday. It is a three-year max deal price $192.9 million, as reported by ESPN’s Ramona Shelburne and confirmed by CBS Sports activities’ Invoice Reiter.

Embiid himself announced the deal in an Instagram post.

“Philadelphia is house,” he wrote. “I wish to be right here for the remainder of my profession.”

He added: “I like this neighborhood and all the things you’ve got given me and my household. There’s much more work to do. You guys deserve a championship and I feel we’re simply getting began!”

Embiid and Sixers proprietor Josh Harris are each quoted within the group’s official press launch:

“Joel has cemented himself as one of many biggest Sixers of all time and is effectively on his strategy to being probably the greatest gamers to ever play the sport. We’re ecstatic that this extension retains him and his household in Philadelphia for years to return,” Managing Companion Josh Harris stated. “Joel is a superb household man, chief, and individual. He’s an elite two-way participant with a mixture of dimension, power, and athleticism that this league has not often – if ever – seen. He’s integral to this franchise’s quest for an additional NBA Championship, and we’re honored that he continues to decide on this group as his NBA house.” 

“I began a Sixer and wish to be proper right here for the remainder of my profession. I had no concept after I was drafted as a 20-year-old child from Cameroon how fortunate I used to be to be in Philadelphia,” Embiid stated. ”By means of all of the ups and downs, this metropolis and the followers have been all the things, and I’m so grateful for a way they’ve embraced me. I wish to thank Josh, David [Blitzer], and your entire group. Philadelphia is house and it is time to carry this neighborhood an NBA championship.” 

The extension runs by the 2028-29 season, at which level Embiid will likely be 35 years previous. There’s a participant possibility on the ultimate season, nonetheless, per The Athletic’s Shams Charania. As a part of the deal, Embiid turned down a participant possibility price $59 million in 2026-27. He’ll now make an estimated $59.3 million in 2026-27 and $64.3 million in 2027-28, with a participant possibility price roughly $69.1 million in 2028-29, per ESPN’s Bobby Marks, who also noted that this contract will carry his profession earnings above $500 million, placing him in an unique membership that additionally options LeBron James, Kevin Durant, Paul George and Stephen Curry. 

Embiid will make an estimated $299.5 million within the subsequent 5 years, assuming he picks up that participant possibility.

Final season, Embiid averaged profession highs of 34.7 factors and 5.6 assists, plus 11.0 rebounds, 1.7 blocks and 1.2 steals per recreation. The 2023 Most Beneficial Participant had a fair greater utilization fee (38.7%) than he did in that MVP season, with solely a marginal dip in effectivity, and he made nice strides as a passer in his first season underneath coach Nick Nurse. This summer season, he gained a gold medal with Workforce USA on the Olympics in Paris, most notably making several key crunch-time plays in opposition to Serbia in an instant-classic semifinals comeback.

Embiid, 30, has been with the Sixers since their entrance workplace, on the time led by Sam Hinkie, drafted him No. 3 general in 2014. He did not play a single recreation in his first two years as an expert after a number of surgical procedures on his injured proper foot, however has since gone on to make seven All-Star Video games, 5 All-NBA groups and three All-Defensive Groups.

Now that Philadelphia has secured its franchise participant, every member of its new Large 3 is signed long-term. Paul George, the most important star to alter groups in free company this offseason, signed a four-year max deal that enables him to hit free company in 2027 on the earliest (ought to he select to say no his participant possibility quite than making $56.6 million in what would be the 18th season of his profession). Tyrese Maxey, the Sixers’ 23-year-old rising star, signed a five-year max deal that enables him to hit free company no prior to 2029. The Sixers have dedicated roughly $715 million in future wage to those three gamers, per ESPN.

Since 2017-18, solely three groups (Milwaukee, Boston and Denver) have gained extra regular-season video games than Philadelphia. Throughout that point, nonetheless, the Sixers have by no means superior previous the second spherical, and Embiid has needed to play by a major damage in practically each postseason. Going ahead on this new deal, Embiid is as soon as once more the centerpiece of a reconstructed roster that profiles as a championship contender, and this group may give him his greatest shot but. George is probably the most proficient wing Embiid has performed with since Jimmy Butler, and, due to his 3-point taking pictures, is probably going a greater match. Maxey’s trajectory is unreal. And along with the aforementioned big-money offers, Daryl Morey’s entrance workplace added Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson and Guerschon Yabusele and introduced again Kelly Oubre Jr. and Kyle Lowry, all on team-friendly contracts … and re-signed Okay.J. Martin to a contract designed to be flipped in a win-now commerce on the deadline.

In Philadelphia, Embiid has outlasted a slew of executives and coaches, seen a number of scandals and had just a few co-stars come and go. Ten years after he arrived, The Course of (as within the multi-year rebuild that introduced him to city) is an more and more distant reminiscence, however The Course of (as in Embiid himself, since he adopted the time period as his nickname) will not be going anyplace.