Philadelphia 76ers star center Joel Embiid agreed to a three-year, $193-million extension, sources told The Athletic's Shams Charania.
Embiid confirmed his new deal on Instagram.
"I want to be here for the rest of my career," he said.
The extension will kick in for the 2026-27 season. Embiid held a player option for that campaign under his current deal, but his new agreement now reportedly carries an option worth approximately $69.1 million for 2028-29, according to Spotrac.
In total, Embiid is now reportedly guaranteed approximately $300 million throughout the remainder of his contract.
The 30-year-old 7-footer tallied a career-best 34.7 points per game in his eighth season this past year, adding averages of 11 rebounds, 5.6 assists, 1.2 steals, and 1.7 blocks. However, a meniscus issue sidelined him for two months starting in February, derailing the Cameroon-born star's MVP-caliber campaign.
Representing the United States at the Olympic Games in Paris this summer, Embiid appeared in five of the nation's six contests as Team USA's men's squad won its fifth consecutive gold medal. He averaged 11.2 points and 3.8 rebounds in the first Olympic tournament of his career.
"Joel has cemented himself as one of the greatest Sixers of all time and is well on his way to being one of the best players to ever play the game," 76ers managing partner Josh Harris said in a statement. "We're ecstatic that this extension keeps him and his family in Philadelphia for years to come. Joel is a great family man, leader, and person. He is an elite two-way player with a combination of size, strength, and athleticism that this league has rarely - if ever - seen.
"He is integral to this franchise's quest for another NBA championship, and we are honored that he continues to choose this organization as his NBA home."
Along with being named MVP for the 2022-23 campaign, Embiid is also a seven-time All-Star and a five-time All-NBA selection, making the second team on four occasions plus a first-team nomination in 2023. A two-time NBA scoring champion, Embiid's 34.1-point average this past season was again the best mark in the league, though he failed to qualify for a third scoring title due to injury.
