NBA: Joel Embiid Signs New Three-Year, $193 Million Contract Extension With Philadelphia 76ers
Philadelphia 76ers’ Joel Embiid (Credit: AFP)
A seven-time NBA All-Star, Embiid and the 76ers agreed to a $193 million extension with a player option for the 2028-29 season, a person familiar with the deal said
Already an NBA MVP and an Olympic gold medalist, All-Star center Joel Embiid now has until the end of the decade to try to win his first NBA championship with the Philadelphia 76ers.
With another maximum contract secured, Embiid wants to chase that title in Philly — and remain a Sixer for the rest of his career.
“Philadelphia is home,” Embiid wrote on Instagram.
A seven-time NBA All-Star, Embiid and the 76ers agreed to a $193 million extension with a player option for the 2028-29 season, a person familiar with the deal said. The person spoke to The Associated Press on condition of anonymity because the terms have not yet been announced.
The 30-year-old Embiid, who graduated from a Florida high school and played a season in college at Kansas, broke his own news early Friday morning when he posted a photo on Instagram of him signing a contract alongside team owner Josh Harris.
“I want to be here the rest of my career. I love this community and everything you’ve given me and my family,” Embiid wrote. “There is a lot more work to do. You guys deserve a championship and I think we’re just getting started.”
Embiid, who dropped a franchise-record 70 points last season against San Antonio, signed off with the familiar 76ers hashtag, “#trusttheprocess.”
Embiid — still in the second year of a $196 million extension he signed ahead of the 2021 season — became the third cornerstone player this offseason to sign a massive contract with the 76ers. The team hasn’t won an NBA title since 1983.
The 76ers enticed Paul George to leave the Los Angeles Clippers and sign a four-year, $212 million contract. The NBA’s Most Improved Player last season, Tyrese Maxey, was rewarded with a five-year, $204 million extension. The 76ers committed more than $400 million in salary to two players they believe position them as the top contender to dethrone the NBA champion Boston Celtics.
Throw in Embiid’s deal and the Sixers are counting on a Big Three that can contend for the life of their contracts. Embiid, though, has a history of injuries and has yet to lead to the franchise out of the second round of the Eastern Conference playoffs. Embiid has never played more than 68 games in a season and averaged 34.7 points in just 39 games last season.
Originally selected by the 76ers with the No. 3 overall pick in the 2014 NBA draft, Embiid was named NBA MVP in the 2022-23 season and he won a gold medal with Team USA at this year’s Paris Olympics.
He has five All-NBA Team honors, seven consecutive All-Star selections from 2017-24, three All-Defensive Team nods, and twice has been the NBA scoring champion.
“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,” Harris said.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Associated Press)
