Joel Embiid and the Philadelphia 76ers have finalized a massive three-year contract extension valued at $192.9 million, securing the star player through the 2028-29 NBA season. With this deal, Embiid’s total guaranteed earnings will rise to $299.5 million over the next several years.
The extension is a clear indication of the team’s commitment to building around their former MVP, who has consistently been one of the league’s top performers. Embiid shared the news on Friday, expressing his desire to remain with the 76ers for the rest of his career.
In an emotional message to fans on Instagram, Embiid emphasized his deep connection to Philadelphia, describing it as his home and declaring his intent to bring a championship to the city.
He noted that there is still more work to be done and expressed confidence that the team is only getting started in its quest for a title. By declining his previous $59 million player option for the 2026-27 season and agreeing to this new deal, Embiid reaffirmed his commitment to the team and its long-term future.
The 76ers echoed Embiid’s sentiment, with managing partner Josh Harris lauding him as one of the greatest players in the history of the franchise. Harris emphasized Embiid’s unique skill set, including his size, strength, and athleticism, which make him a rare talent in the NBA.
Harris also expressed excitement that the extension ensures Embiid will remain in Philadelphia for years to come, adding that his leadership on and off the court is critical to the team’s championship aspirations.
Philadelphia’s offseason has been busy, with Embiid’s extension being one of several major financial commitments. The 76ers also extended All-Star guard Tyrese Maxey with a $204 million deal and signed George to a $212 million contract.
Additionally, they strengthened their roster by bringing in free agents such as Caleb Martin, Eric Gordon, and Andre Drummond, while re-signing key players like Kelly Oubre and Kyle Lowry. These moves demonstrate the team’s ambition to compete at the highest level in the coming seasons.
At the heart of it all, Embiid remains the focal point of the franchise. The 30-year-old, who won the NBA MVP award in 2023, is widely regarded as one of the most dominant centers of his era. His career scoring average of 27.9 points per game ranks among the highest in NBA history.
Last season, despite not playing enough games to qualify for the scoring title, Embiid’s 34.7 points per game underscored his offensive dominance. His ability to maintain elite production while leading the 76ers places him among the league’s all-time greats.
