According to Shams Charania of The Athletic, the Philadelphia 76ers have extended center Joel Embiid’s contract for three years and $193 million.
Embiid will decline his $59 million player option for the 2026-27 season and sign this new $193 million extension, according to ESPN’s Tim Bontemps. This new contract gives him a player option for 2028-29.
“Philadelphia is my home. I want to be here for the rest of my career,” Embiid wrote on Instagram Friday morning. “I love this community and everything it has given me and my family. There is still a lot of work to do. You guys deserve a championship and I think we are just getting started!”
“Joel has established himself as one of the greatest Sixers of all time and is well on his way to becoming one of the greatest players of all time. We are thrilled that this contract extension keeps 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 human being. He is a premier two-way player with a combination of size, strength and athleticism that this league has rarely – if ever – seen. He is vital 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 No. 3 overall pick in the 2014 NBA Draft, is a seven-time All-Star, a two-time scoring champion, a three-time NBA All-Defensive Team member and was selected to the 2023 All-NBA First Team, another honor in addition to his only MVP award. He was also part of the U.S. Olympic basketball team that won gold in Paris last summer.
The 76ers have made the playoffs each of the last seven seasons, including an Atlantic Division title in 2020–21.
Embiid is coming off the 2023-24 season in which he appeared in just 39 games and posted career-highs of 34.7 points and 5.6 assists, while also shooting 52.9% from the field, 88.3% from the free throw line and 38.8% from 3-point range.
