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Philadelphia 76ers center Joel Embiid’s five-year, $146.5 million maximum extension is essentially guaranteed but protects the franchise financially should Embiid suffer a contractually specific catastrophic injury, league sources told ESPN. Embiid, 23, signed the rookie-scale max extension Tuesday, with the $146.5 million total for the deal based on the NBA’s new salary cap projections for the 2018-19 season.
Here’s how a perfect storm of calamity would have to unfold for Embiid to earn any less than the full $146.5 million: Across each of the final four seasons of the extension, ending with the 2022-23 season, the 76ers could waive Embiid for a financial benefit if he’s lost because of a contractually agreed-upon injury that causes him to miss 25 or more regular-season games and if he plays less than 1,650 minutes, league sources said.
For Joel Embiid, all the money he agreed to in contract is not just about getting rich. The 76ers center has something else that’s always on his mind. It’s his native country of Cameroon, which can use his help. “Over there, there’s a lot of poverty,” Embiid said Tuesday, one day after signing a five-year, $148 million contract extension. “A lot of people don’t have a lot of stuff.”
The Cameroonians and his family are the main reasons Embiid didn’t walk away from basketball after his younger brother, Arthur, was killed in an accident on Oct. 14, 2014 back home. “I feel like I need to do a lot of stuff over there,” he said of using his money gained from the lucrative contract.
Derek Bodner: #sixers officially announce the Joel Embiid extension. Here’s quotes from Joshua Harris, David Blitzer, and Bryan Colangelo: pic.twitter.com/GP4ry8TQPQ
Keith Pompey: #Sixers’ Ben Simmons on Joel Embiid’s contract: “ What can you say? … $150 million.”
Jessica Camerato: Saric said of Embiid: “For sure he deserves that money.” Said when healthy, Embiid takes the Sixers to another level.
Jessica Camerato: Okafor on Embiid-“I’m really happy for him. It wasn’t a surprise to me. You’ve seen how good of a player he is. He’s an even better person.”
Zach Lowe: Embiid’s extension has been described to me as “perhaps the most complex” in NBA history. Expect a lot of details to trickle out.
Philadelphia could still have $40M in cap space next season even with the Joel Embiid extension. Embiid had a $18.3M cap hold in 2018-19 and Philadelphia will lose roughly $7M in room with the new $25.3M salary.
Oliver Maroney: This is too good. @Chandler Parsons on IG posted this. Embiid is hyped as he should be.
Philadelphia 76ers center Joel Embiid has agreed to a five-year, $148-million designated rookie scale maximum contract extension, league sources told ESPN.
Bobby Marks: The $25.3M salary for Joel Embiid in 2018-19 will rank 3rd among all NBA centers. Only Hassan Whiteside and Andre Drummond will earn more.
Adrian Wojnarowski: Philadelphia center Joel Embiid has agreed to a five-year, $148 million designated rookie scale max extension, league sources told ESPN.
Joel Embiid, Philadelphia 76ers: The sides are “optimistic,” per one source, that a deal will get done by next week. But there are a lot of moving parts here — chief among them Embiid’s ability to stay healthy.
Jon Johnson: “Cautiosuly optimistic” a contract with Embiid will be done. “I don’t believe there is any accuracy to that at all”. Colangelo on @howardeskin report Embiid is holding out for contract.
October 16 is the deadline for teams to sign eligible players from the 2014 draft class to rookie-scale extensions before they hit restricted free agency next summer. There have already been multiple reports that the Wolves and Sixers will look to ink their young stars, and multiple league sources have told me they expect Andrew Wiggins to sign once he gets his new agency in order. Joel Embiid’s fate is less clear, considering his significant injury history.
An NBA source denied a report that agent Leon Rose plans to hold the 76ers’ Joel Embiid out from 5-on-5 scrimmaging until Embiid receives a contract extension. The source claimed what Howard Eskin of 94WIP said Thursday is “absolutely not” the case and there’s “nothing to the reports.”
In addition to being so talented, Embiid is extremely popular with the fans because of his outgoing personality and social media engagement, as well as his rare basketball skill set for a man of his size. “He’s got the public on his side,” said a league source. “It’s a public relations nightmare (for the Sixers).” While the Sixers have declined to comment on an Embiid extension since the free agency period began July 1, managing owner Josh Harris told me June 23 that the organization is “focused on it.”
League sources said recently they there was a growing sense that the 76ers would indeed extend Embiid, and that a deal structured something like Antetokounmpo’s four-year $100 million pact would make sense given the injury history. The problem with getting a deal done at less than max is that many in Embiid’s world believe he could get a max offer in restricted free agency next year, especially if he plays at the level he did for 31 games last season.
The 76ers have until Oct. 31 to extend Joel Embiid’s rookie contract. The extension would begin with the 2018-19 season and could be for in excess of $100 million over four years. Even with trading up to make Markelle Fultz the No. 1 overall selection in June’s NBA Draft, signing veteran shooting guard JJ Redick and 2016 top pick Ben Simmons playing point guard on offense, Embiid is the key to the whole process as the team’s most irreplaceable part.
An NBA source said Thursday that the 76ers won’t “comment on any details of contract discussions or negotiations until (they’ve) concluded” regarding a potential Joel Embiid contract extension.
Signing Joel Embiid to a contract extension is one of the 76ers’ offseason priorities, according to managing owner Josh Harris.
Following Friday’s news conference to introduce the Sixers’ four picks in Thursday night’s NBA Draft, Harris said the organization is “focused on it.” “Look, I’d just say we want Joel to be on the team for a long time,” Harris said. “We want us all to grow old together. That’s the way I would put it.”
Since he is heading into his fourth pro season, the Sixers can extend Embiid’s rookie contract from July 1 until the day before the season opener in mid- to late October. The extension would begin with the 2018-19 campaign for a maximum of roughly $130 million for five years or $100 million over four years.
Joel Embiid could sign a five-year, $150 million maximum contract extension, but it is likely the Sixers will push for less guaranteed money, including injury protections in the deal.
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June 22, 2018 | 6:18 am EDT Update
Nearly one week before LeBron James must inform the Cleveland Cavaliers whether he intends to pick up the option on his contract with the Cavs for next season, Cleveland general manager Koby Altman said he and James’ camp have already established a “good dialogue.” “We continue to have good dialogue with his management team,” Altman said Thursday after the Cavs drafted Alabama point guard Collin Sexton with the No. 8 pick. “I think LeBron has more than earned the right to approach his contracts the way he does. He’s done that before, so this is nothing new for us.
Cleveland went into the draft without knowing James’ intentions for next season; he has spent this week on a family vacation, multiple sources told ESPN. James has until midnight on June 29 to pick up the option or choose to become an unrestricted free agent this summer.
Spurs general manager R.C. Buford said Thursday night that the franchise’s desire is to keep disgruntled All-Star forward Kawhi Leonard in the fold but that the club “will explore all of our options.” Among the issues Leonard has had with the Spurs is his frustration with the team’s handling of a quadriceps injury that kept him out of action for all but nine games this past season. Leonard wants to be traded to Los Angeles, preferably to the Lakers, sources have told ESPN.
According to Robinson, Kawhi has to take responsibility and step up as a leader of the franchise if he wants to be viewed on the same level as LeBron James. “If you want to be a top two or three player in the league, you’ve got to be a leader. LeBron doesn’t sit around waiting for people to talk for him. LeBron gets out there and says ‘hey, this is my team, this is what’s happening.’ And I think that’s where Kawhi is. He’s meant so much for our franchise. We love him, we all want him to be there next year. But we want him to be there and take control.”
Has Riley had any conversations with Dwyane Wade, who is contemplating retirement, recently? “I haven’t talked to Dwyane,” he said. “I’ve talked to his agent. I think now over the next nine days between now and July the 1st, now we can focus on all these things. We’ve shared texts. He’s communicated on a regular basis with a lot of people in the organization, but nothing has been decided with Dwyane. We want to have Dwyane back obviously, but there’s been no discussion about next year.”
Alessandro Gentile asked the Rockets for an invite for next training camp, according to La Prealpina. Gentile was supposed to join the Rockets Summer League team in Las Vegas but he suffered a thumb injury and underwent surgery. The Italian forward will return in mid-august from the injury and would love to have a chance in the NBA.