The deal is official, per an announcement from the staff.
“Philadelphia is residence,” Embiid wrote in an Instagram publish saying the settlement. “I need to be right here for the remainder of my profession. I really like this neighborhood and every thing you’ve given me and my household. There’s much more work to do. You guys deserve a championship and I believe we’re simply getting began!”
Staff proprietor Josh Harris expressed his ideas in a press release of his personal.
“Joel has cemented himself as one of many best Sixers of all time and is properly 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 return,” Harris mentioned within the assertion. “Joel is a superb household man, chief, and individual. He’s an elite two-way participant with a mix of dimension, energy, and athleticism that this league has hardly ever – 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 residence.”
Based mostly on present wage cap projections, Embiid’s three-year extension might 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 possibility for 2028-29. These figures rely on the cap rising by the utmost allowable 10% in every of the subsequent two seasons.
Making an allowance for the 2 years and $106.6M left on Embiid’s present contract, he’s now on monitor to earn simply shy of $300M over the subsequent 5 seasons. The large man’s earlier deal included a participant possibility for the 2026-27 season, but it surely’ll get replaced by the brand new contract.
After being tormented by foot points that value him two full seasons in the beginning of his NBA profession, Embiid has turn 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 general choose holds profession averages of 27.9 factors, 11.2 rebounds, 3.6 assists and 1.7 blocks in 31.9 minutes per recreation throughout 433 outings (all begins) and completed within the high two of three consecutive MVP votes from 2021-23, profitable the award in 2023.
Embiid appeared headed for an additional MVP-caliber season in 2023-24 earlier than a knee damage 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 recreation with an elite .529/.388/.883 taking pictures line when wholesome, then gained an Olympic gold medal in Paris with Staff USA this summer season.
Embiid’s new deal makes him the fifth member of the NBA’s $500M+ membership, in accordance with Bobby Marks of ESPN, who notes (by way of 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 tip 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 whole, Philadelphia’s three stars are owed roughly $715M.
