Joel Embiid's shocking $147 million contract has an out that protects the 76ers from its biggest risk

Friday, 13 October 2017, 10:49:42 AM. After playing just 31 games in his first three years in the league, the Sixers made sure to have insurance before extending Joel Embiid
Abbie Parr/Getty Images Joel Embiid and the Philadelphia 76ers agreed to a new five-year, $146.5 million maximum contract extension on Tuesday. 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 Adrian Wojnarowski, the Sixers have specific financial protections built into the contract that would absolve the team from some of the financial burden should Embiid miss significant time related to one of the center's previous injuries. If Embiid were to miss more than 25 games or play less than 1,650 minutes over the course of a season with an injury related to his back or his foot, the Sixers would have the opportunity to waive Embiid and they would owe him less money. But should Embiid suffer a different type of serious injury, Philadelphia would still be on the hook for the deal through 2023. Wojnarowski breaks it down in a bit more detail: "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...Read more
Share this

You might also like

Similar