Philadelphia, PA – The Philadelphia 76ers have made a momentous commitment to their star player, Joel Embiid, securing his talents with a three-year max contract extension worth $193 million. This extension ensures that the charismatic center will remain with the team through the 2028-29 season, a move that both fortifies the 76ers' future and solidifies Embiid’s legacy in Philadelphia.
Commitment to Philadelphia
Joel Embiid, who will be 35 years old by the end of his new contract, expressed his deep affection and loyalty to the city. "Philadelphia is home. I want to be here for the rest of my career," Embiid passionately stated. "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!"
This extension includes a crucial player option for the final year, allowing Embiid some flexibility while providing the 76ers with stability. Embiid's total estimated earnings over the next five years will amount to $299.5 million, with his salary set to increase to approximately $64.3 million in the 2027-28 season and a player option valued at around $69.1 million for the 2028-29 season. If he opts into the final year, his career earnings will surpass an astronomical $500 million.
Turning Down Options to Secure the Future
In an interesting turn of negotiations, Embiid turned down a player option worth $59 million for the 2026-27 season. Under his new extension terms, he will instead make an estimated $59.3 million for that same season, justifying his decision with increased financial security and commitment to the team’s vision.
Embiid's dedication to the 76ers is echoed by the organization’s leadership. "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," announced Managing Partner Josh Harris. "We're ecstatic that this extension keeps him and his family in Philadelphia for years to come."
Impressive Stats and Team Developments
Last season, Embiid delivered stellar performances, averaging 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game, with an imposing usage rate of 38.7%. His contributions have not gone unnoticed, with seven All-Star appearances, five All-NBA team selections, and three All-Defensive team nods. His internationally acclaimed talent was further recognized when he won a gold medal with Team USA at the recent Olympics in Paris.
Underpinning their ambitions for a future championship, the 76ers made strategic additions to their roster this offseason. They signed Paul George to a four-year max deal and Tyrese Maxey to a five-year max deal, investing roughly $715 million in future salaries for Embiid, George, and Maxey. The roster also sees new faces with the additions of Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele. Fan favorites Kelly Oubre Jr. and Kyle Lowry have also been brought back, and K.J. Martin was re-signed with the intention of utilizing his contract as a potential trade asset near the deadline.
"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," emphasized Josh Harris. "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."
Challenges Ahead for the 76ers
Despite their regular-season success, with only the Milwaukee Bucks, Boston Celtics, and Denver Nuggets winning more games than the 76ers since the 2017-18 campaign, the team has struggled to advance past the second round of the playoffs in recent seasons. However, with the pivotal extension of Embiid, the bolstered roster, and a shared determination for an NBA Championship, the 76ers are poised for a deeper postseason run.
Embiid's journey from a 20-year-old draftee from Cameroon to becoming a central figure in Philadelphia's basketball aspirations exemplifies his growth and dedication. He reflected on his path, stating, "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." 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 Embiid’s reassured presence and an enhanced roster, the Philadelphia 76ers are embarking on a journey that they hope will culminate in a long-awaited championship, fulfilling the promise to their devoted community and fans.