The Philadelphia 76ers and star centre Joel Embiid are finalizing a four-year, $196-million supermax contract extension, ESPN’s Ramona Shelbourne and Adrian Wojnarowski report.
The contract would begin in the 2023-24 season after Embiid’s current five-year, $148 million deal expires and guarantees him $261 million over the next six seasons.
Embiid, 27, became eligible to sign a supermax extension — which allows teams to sign elite home-grown talent to a contract worth anywhere between 30 and 35 per cent of the salary cap — after he finished runner-up in MVP voting and was voted second-team All-NBA last season.
Shelbourne reports that Embiid’s new contract is fully guaranteed and does not include the same injury protections his current deal does. Those injury protections, according to Spotrac, allowed the 76ers to recoup some of his salary if he played fewer than 25 games or 1,650 minutes in a season due to back or feet injuries — issues that plagued his career early on but not in recent years.
ESPN’s Bobby Marks reported the year-by-year breakdown of Embiid’s extension on Twitter, adding that the dollar amounts are based on a projected $124.9 million salary cap in the 2023-24 season.
Here is the breakdown on the Joel Embiid supermax extension:
2023/24- $43.73M
2024/25- $47.23M
2025/26- $50.72M
2026/27- $54.22M (Player)
Important to note that this is a projection based on a $124.9M cap in 2023-24.
— Bobby Marks (@BobbyMarks42) August 17, 2021
Embiid has been the face of the 76ers since the team made him the No. 3 pick in the 2014 NBA Draft, helping them turn from basement dweller to playoff contender. Last season he set a new career-high with 28.5 points per game and averaged 10.6 rebounds and 2.8 assists in 51 contests as the 76ers posted the best record in the Eastern Conference.
