Report: Joel Embiid signing $193 million max extension with Philadelphia 76ers

Joel Embiid is sticking with the process after re-signing on a contract with the Philadelphia 76ers this morning.

Per reports, Embiid has signed a three-year max extension for $193 million to remain in Philly. The deal will come with a player option for 2028-2029.

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The 76ers have since made the news official on Friday. Embiid has also posted about it on Instagram.

“Philadelphia is home. I want to be here for the rest of my career,” Embiid wrote online. “I love this community and everything you’ve given me and my family. There is a lot more work to do. You guys deserve a championship and I think we’re just getting started! #Trust the process.”

Embiid is a decade into his professional career with him really excelling during the 2020s. He has averaged 27.9 points, 11.2 rebounds, 3.6 assists, and 1.7 blocks while shooting 50.4% from the field and 34.1% from three while in the NBA. With that, Embiid has been an MVP, seven-time All-Star, a five-time All-NBA selection, a three-time All-Defensive member, and a two-time scoring champion. He’s also now a gold medalist after his run as a member of Team USA this summer.

That includes Embiid posting 31.7 points, 10.9 rebounds, 4.2 assists, 1.6 blocks, and 1.1 steals on 52.2% shooting overall and 36.7% from three over the last four seasons. In that time, he has been Most Valuable Player with him finishing top-two in the voting in three of the four behind only Nikola Jokić. The same can be said for All-NBA with him on the First Team once and the Second Team twice. He also led the league in scoring twice with 30.6 points in ’21-’22 and 33.1 points in ’22-’23.

This comes after Embiid was the No. 3 pick in the 2014 NBA Draft out of Kansas.

However, Embiid has also had some struggles over his time in the association.

Injuries have caused most of Embiid’s problems as a professional as he has played around an average of just 54 games a season over the last eight years. That includes missing all of his first two years with an injury to his foot. Since then, he has torn a meniscus, suffered an orbital fracture, torn a thumb ligament, and deal with various problems and soreness in his knees and ankles.

Embiid has also been unable to get Philadelphia to that next round in the postseason. Over the last seven years, the 76ers have been posting around 50-plus wins in making the playoffs in each under three different head coaches. Even so, they’ve exited out of the first round twice and in the conference semifinals five times.

Now, Embiid will once again look to do that, especially with the emergence of Tyrese Maxey and the signing of Paul George in free agency for Philadelphia. He will do so on an extended deal that will keep him with the franchise at least for the next four years, if not five pending the option.