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Tim Bontemps, ESPN
Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million maximum contract extension that guarantees the former MVP a total of $299.5 million through the 2028-29 season, sources tell ESPN’s Ramona Shelburne.
Embiid announced he and the team had agreed to the extension Friday morning, saying he hopes to remain a Sixer “for the rest of my career.”
“Philadelphia is my 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’s still a lot of work to do. You deserve a championship and I think we’re just getting started!”
Embiid will opt out of his $59 million option for the 2026-27 season and sign the new three-year extension. He will earn $69 million in the final year of the new contract.
His career earnings will reach $514.8 million under the new deal, the fourth-highest in NBA history behind LeBron James, Stephen Curry and Paul George.
The 76ers also announced the extension Friday without disclosing terms. In a statement, Josh Harris, managing partner of the ownership group, called Embiid “one of the greatest Sixers of all time” who was “on track to becoming one of the greatest players to ever play the game.”
“We are thrilled that this extension will allow him to remain in Philadelphia with his family for years to come,” Harris said. “Joel is a family man, a leader and an all-around great person. He is an elite two-way player who possesses a combination of size, strength and athleticism that this league has rarely, if ever, seen. He is essential to this franchise’s quest for another NBA title and we are honored that he continues to choose this organization as his NBA home.”
Embiid’s deal caps an offseason in which the 76ers committed $550 million in new money. They extended All-Star guard Tyrese Maxey to a $204 million contract and signed George to a four-year, $212 million deal. The Sixers also signed free agent forward Caleb Martin, guard Eric Gordon and center Andre Drummond and re-signed guards Kelly Oubre and Kyle Lowry.
Embiid, 30, remains the franchise’s cornerstone, the 2023 NBA MVP who has been named All-NBA five times and has emerged as one of the most dominant centers in modern sports history. He has averaged 27.9 points per game over his career, fourth-best all-time behind Michael Jordan, Wilt Chamberlain and Luka Doncic, according to ESPN Research.
Last season, Embiid averaged 34.7 points but didn’t play enough games to qualify for the scoring title. His 1.03 points per minute made him the first player to average a point per minute since Chamberlain in 1961-62, according to ESPN Research.
