Sixers

UPDATE: Joel Embiid Has Signed a Five-Year, $148 Million Extension

By Kyle Scott

Published: Oct 9th, 2017 · 5:39 PM EDT

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BOOOOOOOOMSHAKALAKA.

Philadelphia center Joel Embiid has agreed to a five-year, $148 million designated rookie scale max extension, league sources told ESPN.

— Adrian Wojnarowski (@wojespn) October 9, 2017

https://twitter.com/wojespn/status/917503558798495744

I’m guessing that knee is just fine.

Embiid had until October 16 to sign an extension or else go into his fourth year with the team without a long-term deal. Go big or go home. The Sixers just went BIG.

More soon.

UPDATE: Shams Charania tweeted (and then deleted) that Embiid would only be guaranteed about 50% of the $148 million max. Interestingly, on Friday, a tipster emailed us the following:

They are working on his contract now. It is going to be in the 5 years $85M range, can be more with incentives for all star games, etc.  This is why you saw him doing 5v5 practice.  Once the contract is signed you will see him be clear for full basketball activities.  Should be finalized by Monday. Language offset if he gets hurt.

That may have been close.

UPDATE 2: Woj has more details:

The designated exception — termed “The Super Max — allows Embiid to earn a higher percentage of the salary cap — and potentially millions of dollars more — if he meets criteria over the course of the deal, including, making All-NBA teams, winning NBA Defensive Player of the Year, or the NBA’s Most Valuable Player. If Embiid meets the super max criteria, he could earn an as much as $178 million on the contract, league sources said.

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The deal will include some salary cap protection for the 76ers should Embiid sustain injury that causes him to miss significant playing time, league sources said.

How much that protection is, that’s the question.