Joel Embiid Signs Three-Year Max Contract Extension with Philadelphia 76ers
In a significant move that cements the future of the Philadelphia 76ers, star center Joel Embiid has signed a three-year max contract extension worth $193 million, ensuring his stay in Philadelphia through the 2028-29 season. The new deal includes a player option for the final year, giving Embiid control over his long-term future while adding to the team's stability.
Under the terms of the new extension, Embiid will command an estimated $59.3 million for the 2026-27 season, a figure slightly higher than the $59 million player option he turned down for that same year. The 2027-28 season will see his salary rise to approximately $64.3 million, and if he opts into the final year, he will earn around $69.1 million for the 2028-29 season. Embiid, who will be 35 by the end of this contract, could see his total career earnings surpass the $500 million mark.
Reflecting on his commitment to the 76ers, Embiid emphasized his deep connection to the city. "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!" he said.
Exceptional Performance and Longevity
Joel Embiid's performance last season was nothing short of outstanding. Averaging 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game, he proved once again why he is considered one of the best players in the league. His usage rate of 38.7% highlights how integral he is to the team's offensive and defensive schemes.
Embiid's career accolades further solidify his standing in the NBA. He has participated in seven All-Star Games, has been selected for five All-NBA teams, and has earned a spot on three All-Defensive Teams. His recent triumph at the Olympics in Paris, winning a gold medal with Team USA, adds another feather to his cap.
76ers' Ambitious Roster Moves
The 76ers have not been idle this offseason. The team has bolstered its roster with key signings and re-signings, showing a clear intent to compete at the highest level. In addition to Embiid's extension, the 76ers have signed Paul George to a four-year max deal and secured Tyrese Maxey with a five-year max contract. These deals signify a massive financial commitment, with approximately $715 million in future salaries pledged to Embiid, George, and Maxey.
New additions to the roster include Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele. The team also brought back familiar faces, including Kelly Oubre Jr. and Kyle Lowry, while re-signing K.J. Martin to a contract designed to be a trade asset near the deadline.
Embiid expressed his gratitude for the team's efforts and the support he has received. "Through all the ups and downs, this city and the fans have been everything, and I am so grateful for how they've embraced me," he stated.
76ers Managing Partner Josh Harris also shared his thoughts on Embiid's extension. "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," he said.
Aiming for an NBA Championship
Despite their regular-season success, the 76ers have struggled to advance past the second round of the playoffs in recent seasons. However, the organization's recent moves highlight a clear intention to change that narrative. With a solid core led by Embiid, George, and Maxey, and a bolstered roster, the 76ers appear poised to make a deeper playoff run.
Embiid, who was drafted by the 76ers as a 20-year-old from Cameroon, remains committed to the franchise and the city. Reflecting on his journey, he said, "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." His gratitude and dedication were evident as he added, "I want to thank Josh, David [Blitzer], and the entire organization. Philadelphia is home and it's time to bring this community an NBA championship."
With the new season approaching, the anticipation among 76ers fans is palpable. The team's recent moves and Embiid's unwavering commitment provide a glimmer of hope that Philadelphia could finally see its team lift the NBA Championship trophy.