Embiid signs three-year $193 million extension with 76ers

Joel Embiid has signed a max-level contract extension with the Philadelphia 76ers, solidifying his future with the team for an additional three years. This extension, combined with the two remaining years on his current contract, brings the total value of his five-year deal to $301 million, according to reports. The new extension is reportedly worth $193 million, averaging $64.3 million per year.

Breaking: Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million maximum contract extension, sources told @ramonashelburne. pic.twitter.com/gSy4Zzw9ap

— ESPN (@espn) September 20, 2024

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In a statement, Embiid expressed his deep connection to the city of Philadelphia and its fans. He emphasized his desire to remain a Sixer for the rest of his career and his commitment to bringing an NBA championship to the city. He also expressed gratitude to the team’s ownership and management, including co-managing partners Josh Harris and David Blitzer.

Embiid’s extension ends speculation about his potential departure and reinforces his role as the franchise’s cornerstone. Having been with the 76ers since being drafted in 2014, the reigning NBA MVP now looks to lead Philadelphia in pursuit of an NBA title.