Joel Embiid signs 3-year, $192.9M contract extension with Sixers: report

Joel Embiid signs 3-year, $192.9M contract extension with Sixers: Report originally appeared on NBC Sports Philadelphia

Add a few more years to the Sixers’ longest-running contract.

Superstar Joel Embiid has signed a three-year contract extension worth approximately $192.9 million with the team that runs through the 2028-29 season, ESPN’s Ramona Shelburne reported Friday morning.

The seven-time All-Star is expected to earn around $51.4 million in the 2024-25 season and $55.2 million in 2025-26, according to Spotrac. The extension will go into effect in the 2026-27 season.

“I started out as a Sixer and I plan on being here for the rest of my career. When I was drafted as a 20-year-old kid from Cameroon, I had no idea how lucky I was to be in Philadelphia,” Embiid said in a team press release. “Through all the ups and downs, this city and its fans have been my life, and I’m so grateful for the way they’ve embraced me. I want to thank Josh, David and the entire organization. Philadelphia is my home and it’s time to bring this community an NBA championship.”

Embiid has been in the spotlight for the Sixers since the franchise drafted him with the third overall pick a decade ago. In a familiar tale, his availability dictated much of the team’s success last season. The Sixers went 31-8 in games Embiid played and 16-27 in games he didn’t.

After being named NBA MVP for the 2022-23 season, Embiid looked significantly more dominant in stretches last year, scoring a Sixers-record 70 points against the Spurs on Jan. 22. He averaged 34.7 points, 11.0 rebounds and 5.6 assists in his first season under head coach Nick Nurse.

However, Embiid was sidelined on his 30th birthday in March as he rehabbed a left lateral meniscus injury. Though he returned late in the regular season, Embiid struggled with semi-regular injuries and also dealt with Bell’s palsy during the playoffs. He still managed to average 33.0 points, 10.8 rebounds and 5.7 assists per game in the Sixers’ first-round series loss to the Knicks.

“We just have to find a way to get better as a basketball player, as a person, as a leader and come back and hope everything falls into place,” Embiid said after the Sixers’ Game 6 loss.

One major star has stepped up for the Sixers this offseason, however, in Paul George, who has decided to join Embiid and 23-year-old All-Star guard Tyrese Maxey in Philadelphia. The Sixers are hoping George can help ease the burden on Embiid and Maxey to create shots and summon late-game heroics.

Embiid, who won a gold medal with the U.S. basketball team at the Olympic Games in Paris this summer, will begin his first training camp with George in the Bahamas on October 1.