In a resounding move that underscores their commitment to maintaining a competitive edge in the NBA, the Philadelphia 76ers have secured Joel Embiid's services well into the future. The dynamic center has signed a three-year max contract extension worth a staggering $193 million, ensuring his presence in Philadelphia through the 2028-29 season. The athlete, who will be 35 by the contract's end, continues to etch his name among the franchise's greats.
Embiid voiced his deep connection with the city and its fans following the announcement. "Philadelphia is home. I want to be here for the rest of my career. I love this community and everything you've given me and my family," he said, adding, "There is a lot more work to do. You guys deserve a championship and I think we're just getting started!"
Along with an impressive financial package, Embiid's new extension includes a player option for the final year. The decision to decline a $59 million player option for the 2026-27 season in favor of the new terms speaks volumes about his confidence and commitment. Under the new agreement, he will earn an estimated $59.3 million for that season, with his salary escalating to approximately $64.3 million in 2027-28. Should he exercise his player option for the 2028-29 season, it would be valued at about $69.1 million. Opting in would propel his career earnings past the $500 million mark, an extraordinary milestone.
The past season saw Embiid dominate on the court, averaging 34.7 points, 5.6 assists, 11.0 rebounds, 1.7 blocks, and 1.2 steals per game, emphasizing his dual-threat capability. His usage rate of 38.7% underscores his indispensable role in the team's offense. Combining the on-court prowess with accolades—seven All-Star selections, five All-NBA team inclusions, and three All-Defensive team nods—cements Embiid's reputation as a towering force in the league.
Philadelphia 76ers Managing Partner Josh Harris expressed elation over the extension. "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. We're ecstatic that this extension keeps him and his family in Philadelphia for years to come."
The Sixers are not solely banking on Embiid for future success. This offseason has been a flurry of activity for the franchise, marked by significant signings and strategic moves. They brought in Paul George on a four-year max deal and locked Tyrese Maxey into a five-year max contract, resulting in $715 million in future salaries committed to the trio of Embiid, George, and Maxey. Additionally, additions like Caleb Martin, Andre Drummond, Eric Gordon, Reggie Jackson, and Guerschon Yabusele have bolstered the roster. The team also welcomed back Kelly Oubre Jr. and Kyle Lowry, and re-signed K.J. Martin with the intent of having a trade asset near the deadline.
Embiid's perspective, however, remains primarily focused on bringing an NBA championship to Philadelphia, a goal that has eluded the franchise despite its consistent regular-season success. "Through all the ups and downs, this city and the fans have been everything, and I am so grateful for how they've embraced me," he remarked, driving home his commitment to the team and its fans.
Since the 2017-18 campaign, the 76ers have cemented their status as one of the premier teams in the league, only surpassed in the win column by the Milwaukee Bucks, Boston Celtics, and Denver Nuggets. Yet, postseason success has been limited, with the team struggling to move past the second round of the playoffs. The recent off-season moves and Embiid's extension are part of the broader strategy to break through this barrier and secure a title.
Reflecting on his journey, Embiid said, "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." His gratitude extends to the organization's leadership as well. "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."
As the 76ers prepare for the upcoming season, there's an air of optimism and determination surrounding the franchise. Embiid's extension is more than a contract; it's a testament to his unwavering belief in what the team can achieve. With a fortified roster and renewed commitment, Philadelphia is poised to make waves in their pursuit of championship glory.