The Philadelphia 76ers have signed center Joel Embiid to a three-year, $193 million contract extension, according to Athletic Club's Shams Charania.
Embiid, according to ESPN's Tim Bontempswill decline his $59 million player option for the 2026-27 season and sign this new $193 million extension. This new deal will give him a player option for 2028-29.
“Philadelphia is my home. I want to be here for the rest of my career,” Embiid said. wrote on Instagram Friday morning. “I love this community and everything you've given to me and my family. There's so much more work to be done. You guys deserve a championship and I think we're just getting started!”
“Joel has established himself as one of the greatest Sixers of all time and is on his way to becoming one of the greatest players of all time. We are thrilled that this extension will keep him and his family in Philadelphia for years to come,” 76ers owner Josh Harris said 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 instrumental to this franchise’s quest for another NBA championship, and we are honored that he continues to choose this organization as his NBA home.”
The 30-year-old Embiid, selected by the 76ers with the third pick in the 2014 NBA draft, is a seven-time All-Star, two-time scoring champion, three-time NBA All-Defensive Team member and a 2023 All-NBA First Team selection in addition to his only MVP award. He was also part of the U.S. men’s Olympic basketball team that won gold in Paris last summer.
The 76ers have made the playoffs in each of the past seven seasons, including an Atlantic Division title in 2020-21.
Embiid is coming off a 2023-24 season in which he played just 39 games and averaged career-highs of 34.7 points and 5.6 assists. He also shot 52.9% from the field, 88.3% from the free-throw line and 38.8% from three-point range.
