Philadelphia 76ers All-Star center Joel Embiid signed a contract extension on Tuesday, multiple sources say.
The new four-year deal is reportedly worth around $196 million and will keep the 27-year-old with the team until the 2026-2027 season.
“Joel is the definition of elite — a role model in our community and a true MVP-caliber superstar on the court,” said Josh Harris, the 76ers’ managing partner.
Embiid has two years remaining with his current contract, which he signed in October 2017.
That previous deal had a clause that would cover the team financially if the four-time All-Star were to suffer a “catastrophic injury” and be rendered unable to play. The current contract does not contain such a clause, according to ESPN.
Embiid was born in Cameroon and played for Kansas in college for a year. He was selected third overall in the first round of the 2014 NBA Draft by the 76ers.
Last season, Philadelphia finished as the No. 1 seed in the Eastern Conference, but were knocked out of the playoffs by the Atlanta Hawks in the second round.