Joel Embiid is staying with the 76ers long-term. The star heart agreed to a supermax contract extension that can preserve him in Philadelphia by means of the 2026-27 NBA season.
Embiid’s new, four-year extension — which kicks in in the course of the 2023-24 NBA season — can pay him $196 million over 4 years with a participant possibility within the ultimate season. Embiid grew to become eligible for the supermax extension after making the All-NBA second-team for the 2020-21 season.
Throughout that marketing campaign, Embiid averaged a career-high 28.5 factors per sport together with 10.6 rebounds, 2.8 assists, 1 steal and 1.4 blocks. The 27-year-old was named an NBA All-Star for a fourth consecutive season and completed second in NBA MVP voting behind Nikola Jokic.
Here is the whole lot that you must learn about Embiid’s new contract, which can preserve him in Philadelphia by means of his age-33 season.
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Joel Embiid contract particulars
The full worth of Joel Embiid’s contract is $261 million, as he’s making $65 million through the 2 years remaining on his deal along with the $194 million in new, supermax cash.
Under is a breakdown of Embiid’s yearly earnings with numbers on the supermax extension coming through ESPN’s Bobby Marks.
* The ultimate 12 months of Embiid’s deal is a participant possibility.
As Marks famous in his breakdown, these numbers are based mostly on a projected $124.9 million wage cap in 2023-24. Supermax contracts are valued at a share of the wage cap, per NBC Sports activities Washington, and start at 35 p.c of the cap in the course of the first supermax season. So, these values are topic to vary if the wage cap does.
Embiid’s extension can be totally assured per ESPN’s Ramona Shelburne. It is a win for Embiid, as his earlier take care of the Sixers contained language that protected Philadelphia “in case of catastrophic damage to Embiid’s decrease again or ft.”
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Why was Joel Embiid eligible for a supermax extension?
There are few gamers league-wide which are eligible for supermax contracts. Groups can solely provide them to gamers that can have eight years of league service by the point their present contract expires. These gamers should additionally play for the staff that drafted them or have been acquired by one other staff through commerce.
Embiid will solely have performed seven seasons by the point his present contract expires, however he could have 9 years of NBA service below his belt. He did not play in both of his first two seasons whereas battling a foot damage that brought on him to slide to the Sixers on the No. 3 decide within the 2014 NBA Draft.
Along with the service-time requirement, Embiid additionally needed to examine one of many following containers to qualify for the supermax, per NBC Sports activities Washington. He needed to:
- Be named to an All-NBA staff in the latest season or each seasons earlier than it
- Be named NBA Defensive Participant of the Yr in the latest season or each seasons earlier than it
- Be named NBA MVP in any of the three earlier seasons
Embiid got here up simply brief within the NBA MVP voting, however by making the All-NBA second-team, he made himself eligible for the supermax.