The Philadelphia 76ers and C Joel Embiid have agreed to a three-year, $192.9 million extension. This means the 2023 MVP will earn $299.5 million through the 2028-2029 season. The deal also has a player option for the 2028-2029 season.
JUST IN: Joel Embiid says he is signing a contract extension with the Philadelphia 76ers. The one-time NBA MVP will sign a three-year, $193 million maximum extension with the 76ers, with a player option in 2028-2029, sources tell @TheAthletic. pic.twitter.com/BzA0mUO8yc
— Shams Charania (@ShamsCharania) September 20, 2024
Embiid reached a deal with the Sixers Friday morning and hopes to remain in Philadelphia “for the rest of my career.” He shared his thoughts on his contract extension in an Instagram post.
“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.”
Joel Embiid in his statement on IG
— Sean Barnard (@Sean_Barnard1) September 20, 2024
“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.… pic.twitter.com/73xL7AfBs0
With this extension, his career earnings will grow to above $500 million and make him the fourth highest-paid player in NBA history behind LeBron James, Steph Curry, and Paul George. When his contract is up, his career earnings will total $514.8 million.
It looks like the Sixers are all in on this team, with multiple big contracts signed throughout this offseason. Signing G Tyreese Maxey to a five-year, $204 million dollar extension, acquiring F Paul George in free agency on a four-year, $212 million dollar deal, also signing essential depth for the new big three in Philadelphia to build off of, like free-agents F Caleb Martin, G Eric Gordon, C Andre Drummond, and re-signing G Kyle Lowry and F Kelly Obure Jr.
The 30-year-old Embiid has been a key piece of this Sixers franchise for several years now. Along with his MVP season in 2023, Embiid has made five All-NBA five times and the All-Star Game seven times throughout his career, which shows that he is clearly one of the most dominant centers in NBA History.
Embiid had his best scoring season last year, averaging 34.1 PPG on an efficient 52.9% from the field. However, due to injury, he only played 39 games, making him unqualified for any of the awards, as the NBA implemented a 65-game minimum rule last season.
𝙩𝙧𝙪𝙨𝙩 𝙩𝙝𝙚 𝙥𝙧𝙤𝙘𝙚𝙨𝙨. pic.twitter.com/4SV3Uxbkk5
— Philadelphia 76ers (@sixers) September 20, 2024
With this new contract, it is clear that Philadelphia is all in on a championship. But, before a championship, the Sixers will have to make the Eastern Conference finals, which they haven’t done since 2001. Will Embiid and the Sixers get over the hump and win the first championship since 1983, or will they fall short again? With the NBA season right around the corner, we will see how this new Sixers team will look.
