‘Philadelphia is home’: Joel Embiid signs three-year, $193m extension with 76ers

Joel Embiid has signed a three-year contract extension with the Philadelphia 76ers, keeping him with the NBA franchise through 2029.

A seven-time NBA All-Star, Embiid and the 76ers agreed to a $193 million extension with a player option for the 2028-29 season, according to a person familiar with the deal. The person spoke to the Associated Press on condition of anonymity because terms have not yet been announced.

Embiid broke his own news early Friday morning when he posted a photo on Instagram that he signed a contract alongside team owner Josh Harris.

“Philadelphia is my home,” Embiid wrote. “I want to be here for the rest of my career. I love this community and everything you have given me and my family. There is still a lot of work to do. You deserve a championship and I believe we have only just begun.”

Embiid closed with the familiar 76ers hashtag: “#trusttheprocess.”

Embiid was originally selected third overall by the 76ers in the 2014 NBA Draft. He went on to win the NBA MVP award and won a gold medal for Team USA at the Olympics this summer.

He has earned All-NBA Team honors five times, has been selected to the All-Star team seven times in a row from 2017-2024, has been nominated for the All-Defensive Team three times and has been the NBA’s leading scorer twice.

“Joel has established himself as one of the greatest Sixers of all time and is well on his way to becoming one of the greatest players ever. We are thrilled that this extension will keep him and his family in Philadelphia for years to come,” Harris said. “Joel is a tremendous 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 essential to this franchise’s quest for another NBA championship, and we are honored that he continues to choose this organization as his NBA home.”