Joel Embiid is staying with the 76ers long-term. The star center agreed to a supermax contract extension that will keep him in Philadelphia through the 2026-27 NBA season.
Embiid’s new, four-year extension — which kicks in during the 2023-24 NBA season — will pay him $196 million over four years with a player option in the final season. Embiid became eligible for the supermax extension after making the All-NBA second-team for the 2020-21 season.
During that campaign, Embiid averaged a career-high 28.5 points per game along with 10.6 rebounds, 2.8 assists, 1 steal and 1.4 blocks. The 27-year-old was named an NBA All-Star for a fourth consecutive season and finished second in NBA MVP voting behind Nikola Jokic.
Here’s everything you need to know about Embiid’s new contract, which will keep him in Philadelphia through his age-33 season.
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Joel Embiid contract details
The total value of Joel Embiid’s contract is $261 million, as he is making $65 million via the two years remaining on his deal in addition to the $194 million in new, supermax money.
Below is a breakdown of Embiid’s yearly earnings with numbers on the supermax extension coming via ESPN’s Bobby Marks.
* The final year of Embiid’s deal is a player option.
As Marks noted in his breakdown, these numbers are based on a projected $124.9 million salary cap in 2023-24. Supermax contracts are valued at a percentage of the salary cap, per NBC Sports Washington, and begin at 35 percent of the cap during the first supermax season. So, these values are subject to change if the salary cap does.
Embiid’s extension will be fully guaranteed per ESPN’s Ramona Shelburne. This is a win for Embiid, as his previous deal with the Sixers contained language that protected Philadelphia “in case of catastrophic injury to Embiid’s lower back or feet.”
Why was Joel Embiid eligible for a supermax extension?
There are few players league-wide that are eligible for supermax contracts. Teams can only offer them to players that will have eight years of league service by the time their current contract expires. These players must also play for the team that drafted them or have been acquired by another team via trade.
Embiid will only have played seven seasons by the time his current contract expires, but he will have nine years of NBA service under his belt. He didn’t play in either of his first two seasons while battling a foot injury that caused him to slip to the Sixers at the No. 3 pick in the 2014 NBA Draft.
In addition to the service-time requirement, Embiid also had to check one of the following boxes to qualify for the supermax, per NBC Sports Washington. He had to:
Embiid came up just short in the NBA MVP voting, but by making the All-NBA second-team, he made himself eligible for the supermax.
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