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embiid signs 3-year, $193 million contract extension with 76ers, officially joins $500 million club

2024-09-21

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according to a report from shams on september 21, beijing time, a well-informed source revealed that joel embiid and the 76ers have reached a three-year, maximum salary early contract extension worth $193 million, with the 2028-29 season being a player option.

embiid's original contract had three years left, totaling $165.7 million, and the 26-27 season was a player option. embiid refused to exercise the player option and chose to renew his contract with the 76ers for three years and $193 million in advance. as a result, embiid's current contract is five years and $301 million, which is one of the top three contracts in nba history.

salary expert bob marx followed up with a report that embiid's annual salary in the next five years will be $51.4 million, $55.2 million, $59.5 million, $64.3 million and $69.1 million respectively. by the 28-29 season, he will be 35 years old.

as a result, the "great emperor"'s total career salary reached 515 million us dollars, making him the fifth member in nba history to enter the 500 million us dollar club after lebron james, stephen curry, kevin durant and paul george.