Joel Embiid, the 2023 NBA MVP, has accomplished many milestones in his career. He recently marked another success by signing a maximum contract extension deal with the Philadelphia 76ers. With his new deal, the Paris Olympics 2024 gold medalist joined his fellow USA teammates LeBron James, Stephen Curry, and Kevin Durant in an elite club.
The Philadelphia 76ers center signed a three-year, $193 million contract extension with a player option in the 2028-29 season. Following his recent deal, Embiid will earn $515 million in career earnings, the fourth highest in NBA history. The seven-time NBA All-Star shared his excitement about the extension on social media.
In his latest Instagram post, Embiid wrote, “Philadelphia is home. I want to be here for the rest of my career. 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.”
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Joel Embiid’s Contract Breakdown
Embiid, the Philadelphia 76ers’ third overall pick in the 2014 NBA Draft, signed a four-year, $19 million rookie contract with the franchise. After missing his first two seasons in the NBA due to a foot injury, Embiid scored 20 points, seven rebounds, and two blocks against the Oklahoma City Thunder in his debut game.
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After leading the team to the Conference semifinals in 2018, the 7-foot Cameroonian-American signed a five-year, $147 million rookie extension with the Sixers. During the five years, Philadelphia qualified for the playoffs each season, reaching the semi-finals on four occasions. Embiid won two scoring champion titles and an MVP honor in the last two NBA seasons of his deal.
In 2023, Embiid signed a four-year, $213 million veteran extension with a $59 million player option in the 2026-27 season. With his new three-year deal, the Sixers center’s previous player option will be replaced with a $59.5 million guaranteed salary. In the final two seasons of his contract, the 30-year-old will earn $133 million with a $69 million player option in the 2028-29 season.
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NBA Players In $500M Career Earnings Club
Embiid, among the top five active NBA players with the most points in a single game, has entered another elite club with his new deal. The elite club also features legendary LeBron James, three-point specialist Stephen Curry, “Easy Money” Kevin Durant, and Embiid’s newest Sixers teammate Paul George.
The NBA’s all-time leading scorer, LeBron “King” James, who will enter his 22nd season this year, tops the list of NBA players with the highest career earnings with $584 million. Also, his long-term rival, Warriors guard Steph Curry, follows the Lakers star with $536 million in career earnings.
Paul George recently signed a four year, $211 million contract with the Philadelphia 76ers, making a $519 million of total career earning. However, after signing his new extension, Embiid surpassed Phoenix Suns star forward Kevin Durant, who has amassed $508 million in his career.
Where Does Joel Embiid Rank In The Largest NBA Contracts In History?
In July 2024, Boston Celtics star forward Jayson Tatum signed a record-breaking five-year, $313 million contract extension, making it the largest contract in NBA history. Tatum surpassed his teammate, Jaylen Brown, and became the first player to cross the $300 million mark.
The 2024 NBA Finals MVP extended his contract to a five-year, $285 million deal with the Celtics last year. He is followed by three-time NBA MVP Nikola Jokic, who signed a five-year, $276 million extension with the Denver Nuggets in 2023.
Phoenix Suns star Bradley Beal is fourth, while Anthony Edwards and Tyrese Haliburton have identical five-year, $244 million contracts, placing them in joint-fifth rank. Joel Embiid’s 2023 contract is ranked 18th on the all-time list.
The Philadelphia 76ers have been among the highest-spending teams in 2024 free agency, acquiring Paul George from the Los Angeles Clippers on a massive deal. With Embiid, Tyrese Maxey, and PG, the Sixers could become a dominant force on the court in the upcoming NBA season.
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