NBA MVP Joel Embiid Signs $192.9M Extension with 76ers, Total Contract Now Top Three at $301M

Sep 20, 2024, 12:12 PM

Joel Embiid has signed a three-year, $192.9 million maximum contract extension with the Philadelphia 76ers, including a player option for the 2028-2029 season. This extension brings his total contract value to $301 million over five years, making it one of the three richest contracts in NBA history. Embiid, the 2024 NBA MVP, expressed his desire to remain with the 76ers for the rest of his career. His annual salary will be $51.4 million in 2024-25, $55.2 million in 2025-26, $59.5 million in 2026-27, $64.3 million in 2027-28, and $69.1 million in 2028-29. With this extension, Embiid joins the $500M+ club, alongside LeBron James, Stephen Curry, Paul George, and Kevin Durant.