By Joiner Martinez
Sep 20, 2024, 11:39 PM EDT
The Philadelphia 76ers and Joel Embiid have agreed to a three-year, $192.9 million maximum contract extension that guarantees the former MVP a total of $299.5 million through the 2028-29 season.
Embiid announced that he and the team had agreed to the extension on Friday morning, saying he hopes to remain a Sixer “for the rest of my career.”
“Philadelphia is my home. I want to be here for the rest of my career,” Embiid wrote on Instagram. “I love this community and everything they have given to me and my family. There is so much more work to be done. You guys deserve a championship and I believe we are just getting started!”
Embiid will decline his $59 million player option for the 2026-27 season and sign the new three-year extension. He will earn $69 million in the final year of the new deal.
His career earnings will rise to $514.8 million with the new deal, the fourth-highest in NBA history behind LeBron James, Stephen Curry and Paul George.
The 76ers also announced the extension on Friday without disclosing terms. In a statement, Josh Harris, managing partner of the ownership group, called Embiid “one of the greatest Sixers of all time” who was “on his way to becoming one of the greatest players of all time.”
Embiid, 30, remains the franchise’s cornerstone, the 2023 NBA MVP who is a five-time All-NBA selection and has proven to be one of the most dominant centers in the sport’s modern history. He has averaged 27.9 points per game for his career, fourth most all-time behind Michael Jordan, Wilt Chamberlain and Luka Doncic, according to ESPN Research.
Last season, Embiid averaged 34.7 points but didn’t play enough games to qualify for scoring honors. His 1.03 points per minute made him the first player to average a point per minute since Chamberlain in 1961-62, according to ESPN Research.
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