The Philadelphia 76ers have announced that Joel Embiid has signed a three-year contract extension worth $193 million. The deal was confirmed by CBS Sports NBA insider Bill Reiter and Embiid himself, who made the announcement on Instagram. In his post, Embiid expressed his love for the city of Philadelphia and his desire to bring a championship to the fans.
Both Sixers owner Josh Harris and Embiid spoke highly of each other in the team’s official press release. Harris praised Embiid’s skills as a player and his contributions to the franchise, while Embiid expressed gratitude for the support he has received from the city and its fans.
The extension will keep Embiid in Philadelphia until at least the 2028-29 season when he will be 35 years old. There is also a player option on the final season of the contract.
With this new deal, Embiid’s career earnings are expected to surpass $500 million, putting him in an exclusive club alongside players like LeBron James, Kevin Durant, Paul George, and Stephen Curry.
Last season, Embiid had an outstanding performance with career highs in points (34.7), assists (5.6), rebounds (11.0), blocks (1.7), and steals (1.2) per game. He was also named Most Valuable Player in 2023.
Embiid has been with the Sixers since being drafted by them in 2014 as their third overall pick. Despite facing multiple injuries early on in his career, he has become one of their greatest players with seven All-Star Game appearances and numerous accolades.
With this contract extension, all members of Philadelphia’s new Big 3 – including Paul George and Tyrese Maxey – are now signed long-term. The team has committed approximately $715 million in future salary to these three players.
Although they have been successful during regular seasons since 2017-18, reaching only up to second round playoffs games; however with this reconstructed roster that includes talented players like George and Maxey along with other additions made by Daryl Morey’s front office; it is believed that they have a strong chance at winning an NBA Championship.
