Joel Embiid Locks in Lucrative Contract Extension with Philadelphia 76ers

An epic and crucial endorsement has been clinched by Joel Embiid and the Philadelphia 76ers, with a three-year, $192.9 million maximum contract extension in the books. This significant commitment ensures the celebrated former MVP a whopping $299.5 million through the 2028-29 season, according to insiders.

Embiid’s Lifelong Commitment to the 76ers

Embiid proclaimed the contract extension news on Friday morning, expressing his desire to remain a dedicated Sixer “for the rest of my career.” In a heartfelt Instagram post, Embiid declared, “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 has decided to relinquish his $59 million player option for the 2026-27 season in favor of signing the new, three-year extension. The final year of the new deal will see him pocketing an impressive $69 million. With this new agreement, Embiid’s career earnings will skyrocket to $514.8 million, placing him fourth in NBA history behind LeBron James, Stephen Curry, and Paul George.

Acknowledging Embiid’s Unprecedented Skills

Josh Harris, a managing partner of the ownership group, openly acknowledged Embiid as “one of the greatest Sixers of all time,” destined to be “one of the best players to ever play the game.” He added, “We’re ecstatic that this extension keeps him and his family in Philadelphia for years to come. Joel is a great family man, leader, and person. His size, strength, and athleticism form an elite two-way player combination rarely seen in this league. His integral role in our pursuit of another NBA Championship is undeniable, and we are honored that he continues to select this organization as his NBA home.”

76ers’ Significant Offseason Investments

Embiid’s high-profile deal concludes an offseason where the 76ers committed a staggering $550 million in new capital. This includes a $204 million extended deal for All-Star guard Tyrese Maxey and a four-year, $212 million contract for George. In addition, the Sixers have signed free agent forward Caleb Martin, guard Eric Gordon, and center Andre Drummond while retaining guards Kelly Oubre and Kyle Lowry.

Embiid’s Unmatched Legacy in NBA

At 30, Embiid remains the bedrock of the franchise. The 2023 NBA MVP has achieved All-NBA status five times, proving himself as one of the most formidable centers in recent sports history. He boasts an average of 27.9 career points, trailing only behind Michael Jordan, Wilt Chamberlain, and Luka Doncic, as per our research. Despite not playing enough games to qualify for the scoring title last season, Embiid averaged an astonishing 34.7 points. His 1.03 points per minute made him the first player to average a point per minute since Chamberlain in 1961-62, as documented by our research.