Joel Embiid Signs Three-Year Max Contract Extension with Philadelphia 76ers
In a move that solidifies their commitment to one of the NBA’s brightest stars, the Philadelphia 76ers have signed Joel Embiid to a three-year max contract extension worth $193 million. This extension ensures Embiid will remain with the team through the 2028-29 season, a tenure that will see him reach the age of 35.
Embiid, who turned down a player option worth $59 million for the 2026-27 season, will make an estimated $59.3 million that year under his new contract. His salary is set to increase to approximately $64.3 million in the 2027-28 season, with the player option for the 2028-29 season valued at around $69.1 million.
Should Embiid choose to pick up his player option, his total career earnings will surpass the $500 million mark—a testament to his prowess on the court and value to the franchise. Over the next five years, Embiid is set to earn an estimated $299.5 million.
Reflecting on his journey and the extension, Embiid expressed his deep connection to the city and the team's fans. "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 stated.
High Praise from Leadership
Philadelphia 76ers Managing Partner Josh Harris lauded Embiid's contributions and character, underscoring the significance of this contract 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," Harris said.
Embiid's leadership qualities and on-court performance were further highlighted by Harris. "Joel is a great family man, leader, and person. He is an elite two-way player with a combination of size, strength, and athleticism that this league has rarely – if ever – seen. He is integral to this franchise's quest for another NBA Championship, and we are honored that he continues to choose this organization as his NBA home."
New Additions to the Roster
During this offseason, the 76ers have been active in strengthening their roster. Notable acquisitions include Paul George, who signed a four-year max deal, and Tyrese Maxey, who committed to a five-year max deal. In total, the 76ers have committed approximately $715 million in future salaries to Embiid, George, and Maxey.
Additionally, the team has brought in Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele. The 76ers also re-signed fan favorites Kelly Oubre Jr. and Kyle Lowry while negotiating a deal for K.J. Martin designed to facilitate potential trades near the deadline.
Team Performance and Future Goals
While the 76ers have consistently been among the top-performing teams since the 2017-18 campaign, only trailing in wins behind the Milwaukee Bucks, Boston Celtics, and Denver Nuggets, they have struggled to advance past the second round of the playoffs in recent seasons. The franchise and its fans are hopeful that the bolstered roster and Embiid’s leadership will change that narrative.
Embiid’s Stellar Career
Joel Embiid has been nothing short of phenomenal since being drafted by the 76ers as a 20-year-old from Cameroon. Over his career, he has made seven All-Star appearances and has been selected for five All-NBA teams and three All-Defensive teams. His performance last season, where he averaged 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game, further cements his elite status in the league.
Recently, Embiid also showcased his talent on the international stage, winning a gold medal with Team USA at the Olympics in Paris.
A Commitment to Philadelphia
Embiid’s dedication to the city of Philadelphia was clear in his heartfelt words: "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 added, "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."
The Philadelphia 76ers and their fans are undoubtedly excited about the future, with Joel Embiid leading the charge. As Embiid himself put it, "Philadelphia is home and it's time to bring this community an NBA championship." His unwavering commitment and the team’s strategic offseason moves set the stage for what could be a historic campaign for the 76ers.