Maxey agrees 5-year, 204 million dollar extension with Philly

Philadelphia 76ers All-Star player Tyrese Maxey has agreed to ink a 5-year, 204 million dollar maximum deal extension.

Philadelphia 76ers All-Star Tyrese Maxey has agreed on a five-year, $205 million maximum contract, league sources tell @TheAthletic @Stadium. pic.twitter.com/IZybaS56Ui

— Shams Charania (@ShamsCharania) July 1, 2024

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The guard and his representative – waited a 1 year on the contract to allow Philadelphia to maximize salary cap space and now land on a contract after Tyrese’s breakout All-Star campaign at 23.

He can formalize the extension once the NBA’s free agency signing moratorium ends at the beginning of the weekend. The contract doesn’t feature a player option.

Tyrese is the organization’s future face and 1 of the new big 3 in Philadelphia, alongside Joel Embiid and new addition Paul George. The guard averaged almost 26 points and over 6 assists for the franchise a campaign ago – including almost 30 points a match in the 76ers’ 6-match 1^st round postseason defeat against the Knicks.

Tyrese was the 21^st overall selection out of Kentucky at the draft 4 years ago and has averaged over 18 points in his 4 campaigns with Philadelphia.