The Philadelphia 76ers have officially extended the contract of center Joel Embiid for three years, a deal reportedly worth $193 million, as reported by The Athletic’s Shams Charania.
According to ESPN’s Tim Bontemps, Embiid will forego his $59 million player option for the 2026-27 season to sign this new extension, which includes a player option for the 2028-29 season.
In an Instagram post, Embiid expressed his commitment to Philadelphia, stating, “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. There is a lot more work to do. You guys deserve a championship and I think we’re just getting started!”
“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,” said 76ers owner Josh Harris in a statement. “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. 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.”
Embiid, a seven-time All-Star, two-time scoring champion, and three-time member of the NBA All-Defensive Team, has been a key player for the 76ers since being drafted in 2014. He was also named to the All-NBA First Team in 2023 and won the MVP award that same year. Additionally, Embiid was part of the U.S. men’s Olympic basketball team that secured a gold medal in Paris.
The 76ers have been a consistent playoff contender, making the postseason for the past seven seasons and clinching an Atlantic Division title in 2020-21.
Coming off a remarkable 2023-24 season where he set career highs in points and assists, Embiid continues to be a dominant force on the court, showcasing impressive shooting percentages across the board.