Joel Embiid and the Philadelphia 76ers agreed to a new five-year, $146.5 million maximum contract extension on Tuesday.
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Joel Embiid's shocking $147 million contract has an out that protects the 76ers from its biggest risk
After playing just 31 games in his first three years in the league, the Sixers made sure to have insurance before extending Joel Embiid
The deal raised eyebrows around the NBA due to Embiid's injury history. The uber-talented big man missed his first two seasons with injuries and played just 31 games last season before going down yet again.
But while there are still risks to the deal, Philadelphia took some precautions that suggest it is not as risky as first perceived.
According to a report from ESPN's
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"For example, if Embiid hypothetically suffered a serious knee or wrist injury — something outside the contractual language surrounding the feet and back — the 76ers would have no avenue to waive Embiid to reclaim any portion of his salary. And given Embiid's rare talent, there's a belief that he'd have to suffer a career-ending injury to inspire the 76ers to release him."
"If Embiid met that narrow criteria and the Sixers decided to waive him after the 2018-19 season, he would receive $84.2 million of his full contract; after the 2019-20 season, $98.2 million; after the 2020-21 season, $113.3 million; and after the 2021-22 season, $129.4 million."
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