In a remarkable move that cements his legacy with the Philadelphia 76ers, Joel Embiid has signed a three-year max contract extension worth $193 million. This extension ensures that the towering center will be a staple in Philadelphia through the 2028-29 season. Notably, Embiid's extension includes a player option for its final year, providing him with the flexibility to dictate his future in the later stages of his career.
Embiid, who will be 35 by the end of this contract, turned down a player option worth $59 million for the 2026-27 season. Instead, under the new terms, he is set to make an estimated $59.3 million for that same season, with his salary increasing to approximately $64.3 million in the 2027-28 season. Should Embiid opt-in for the player option in the 2028-29 season, his earnings will rise to an impressive $69.1 million. This deal positions Embiid to surpass $500 million in total career earnings if he continues on this trajectory.
Reflecting on Philadelphia's deep connection with Embiid, the Cameroonian expressively shared, "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!"
Managing Partner Josh Harris echoed Embiid's sentiment, applauding his commitment to the franchise. "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. "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' words underline the immense impact Embiid has had since his arrival in Philadelphia as a 20-year-old.
Embiid's on-court performance has been nothing short of stellar, boasting averages of 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game last season. Additionally, his usage rate of 38.7% underscores his central role in the team’s strategy and success. Embiid's accolades include seven All-Star appearances, five All-NBA selections, and three All-Defensive team honors. Recently, he added a gold medal with Team USA at the Olympics in Paris to his impressive list of accomplishments.
Aside from Embiid, the 76ers have been active in shaping a winning roster. This offseason, they signed Paul George to a four-year max deal and secured Tyrese Maxey with a five-year max contract. These commitments, combined with Embiid's extension, amount to an investment of about $715 million in future salaries. Moreover, Philadelphia has bolstered their lineup with the additions of Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele, while also bringing back Kelly Oubre Jr. and Kyle Lowry. The re-signing of K.J. Martin further adds to their strategic depth, designed as a potential trade asset near the deadline.
Since the 2017-18 campaign, only the Milwaukee Bucks, Boston Celtics, and Denver Nuggets have won more games than the 76ers, highlighting their competitive stature despite not advancing past the second round of the playoffs in recent seasons. The franchise's dedication to surrounding Embiid with capable talent reflects their commitment to breaking this historical barrier and securing an NBA Championship. Embiid himself acknowledges this journey, stating, "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."
In conclusion, this contract extension is a statement of mutual dedication between Joel Embiid and the Philadelphia 76ers. Embiid's career thus far has been a testament to his abilities and his deep connection with the city. As he continues to lead the team, fans and the organization alike are hopeful that this renewed commitment will finally translate into championship glory. "Philadelphia is home and it's time to bring this community an NBA championship," Embiid passionately stated. As the city rallies behind its beloved center, the wait for that long-anticipated title continues with renewed energy and optimism.