The Philadelphia 76ers have signed center Joel Embiid to a three-year, $193 million extension, according to Shams Charania of Athletic.
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 contract will give him a player option for the 2028-29 season.
“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 have given to me and my family. There is still a lot of work to be done. You 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 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 all-around great 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 an integral part of this franchise’s quest for another NBA title, and we are honored that he continues to choose this organization as his NBA home.”
Embiid, 30, selected by the 76ers with the third overall pick in the 2014 NBA draft, is a seven-time All-Star, two-time scoring champion, three-time member of the NBA All-Defensive Team and a 2023 All-NBA First Team selection, in addition to his lone 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 last 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 percent from the field, 88.3 percent from the free throw line and 38.8 percent from three-point range.
