Philadelphia 76ers Secure Joel Embiid with Max Contract Extension
In a move symbolizing both commitment and ambition, the Philadelphia 76ers have locked down their franchise cornerstone, Joel Embiid, with a three-year max contract extension valued at $193 million. This extension keeps Embiid in Philadelphia through the 2028-29 season, underscoring the team's determination to build a championship-caliber roster around their superstar.
A Monumental Financial Commitment
The contract extension is laden with significant financial details. Embiid will make an estimated $59.3 million for the 2026-27 season, which he will turn down as a player option worth $59 million. The salary increases to approximately $64.3 million in the 2027-28 season, and the player option for the 2028-29 season is valued at around $69.1 million. By the end of the deal, Embiid will be 35 years old, and should he pick up his player option, his total career earnings will surpass the $500 million mark. In the next five years alone, Embiid is set to earn an estimated $299.5 million.
"Philadelphia is home. I want to be here for the rest of my career. 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 expressed to the fans, reflecting his deep connection with the city.
A Storied Career with More to Achieve
Since being drafted by the 76ers as a 20-year-old from Cameroon, Embiid has developed into one of the league's premier talents. Last season, he averaged 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game, with an impressive usage rate of 38.7%. His accolades speak volumes: seven All-Star appearances, five All-NBA selections, and three All-Defensive Team selections. Recently, he even added an Olympic gold medal with Team USA in Paris to his distinguished resume.
Philadelphia 76ers Managing Partner Josh Harris couldn't contain his excitement over Embiid's extension. "Joel has cemented himself as one of the greatest Sixers of all time and is well 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 stated.
A Revamped Roster
The 76ers have also made numerous moves this offseason to bolster their roster. The signing of Paul George to a four-year max deal and Tyrese Maxey to a five-year max contract highlights their aggressive approach. Adding Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele provides depth and flexibility. Furthermore, the return of Kelly Oubre Jr. and Kyle Lowry and the re-signing of K.J. Martin to a trade-asset contract near the deadline indicate the team's resolve to make deeper playoff runs.
To date, the 76ers have committed an eye-watering $715 million in future salaries to Embiid, George, and Maxey. Despite a strong regular-season performance, second only to the Milwaukee Bucks, Boston Celtics, and Denver Nuggets since the 2017-18 season, the 76ers have struggled to advance past the second round of the playoffs. These strategic moves aim to rewrite that narrative.
The Heartbeat of Philadelphia
Embiid's impact goes beyond just the statistics and financial commitments; he has become the linchpin of the community and the franchise's ambitions.
"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," Harris emphasized.
Joel Embiid himself remains grounded and grateful. "Through all the ups and downs, this city and the fans have been everything, and I am so grateful for how they've embraced me," he noted, appreciating the unwavering support of the Philadelphia faithful.
The journey continues for both Embiid and the 76ers as they aim to etch their names in the annals of NBA history. "I started a Sixer and want to be right here for the rest of my career. I had no idea when I was drafted as a 20-year-old kid from Cameroon how lucky I was to be in Philadelphia," Embiid reiterated his commitment. "I want to thank Josh, David [Blitzer], and the entire organization. Philadelphia is home, and it's time to bring this community an NBA championship."